The Wizard is Expanding

Think the Wizard is big now? Just wait. We’ve recently launched two new features: the Portfolio and the Watchlist. And the Wizard Blog is up and running. If you’re not reading it, you should, because it’s where we’ll be showcasing some of our very best trading strategies so that you can use them, too. (More on that below.)

But we’re not done there. Not by a long shot. We’ll soon be beefing coverage to include 13,000 stocks as well as new futures contracts and currency pairs. In the coming months, we’ll be added 15 years of backtesting capabilities and trend histories for every security, in every market we cover. And our scanning features will be expanding to include a wide array of fundamental criteria and additional technical options.

Trade the World. From your living room.

That’s right. In the coming months, the Wizard will begin adding international markets to our already impressive repertoire. Europe, Australia, Asia and South America will all be coming to a computer near you.

Use your Apple  Mac Products

Now you can trade on an Apple through safari.  You can even use the Wizard on an IPhone or any other way you can connect to the internet. You need nothing else, because the Wizard is a Web based product.

Are you reading the Wizard Blog? Here’s why you should.

If you want to know why you should trade with the trend, here’s why. When the Wizard called the market short on June 13th, our strategy changed and we can began looking for shorts. But we didn’t want just any shorts. We wanted the worst stocks in the worst sectors. After all, we’re all here to make money, right?

We started off looking in Conglomerates, but because this sector doesn’t have many stocks, we settled on financials. This sector’s trend is double red (both the long and short-term trends are very bearish). This is a prime indication of weakness, and weakness is exactly what we’re looking for right now. And, boy, did we find some.

Out of 296 possible trades in the financial sector, all with double red trends, we found 291 shorts with 286 winners! Let me say that again: 286 winners out of 291! That’s a 98% clip, folks, and you can’t beat that anywhere.

Our Portfolio

Here at the Wizard, we’ve also been keeping our own portfolios so that we can share the results with everyone. On June 23rd, we added 8 stocks from the financials to our portfolio. As of today, we have 7 winners and 1 loser. Our one loser is down 3 cents/share. Yes, 3 cents. Not bad, huh?

As always, thank you for using the Wizard. Good trading to all.

Gene Stunkel

Founder of the Wizard

The Wizard picked the second worst sector, the financial sector, because the worst (conglomerates) do not have that many stocks, and look what we have. We were filled on 8 stocks and we have 7 winners and 1 small (3 cents/share) loser the first day. When you trade with the trend you make money and more money when you filter it with double reds very bearish in a down market. We picked the worst sector and the worst stocks.

EVEN BETTER

Of the winning trades in the financial sector, we have 291 short and 1 long. I would say the Wizard knows how to pick stocks. We only have 5 losing trades in the whole sector of 296 stocks. The Wizard is flat in 12 stocks. Winners to losers that is better than a 98% winning average. Can’t do much better or the Wizard would be perfect.

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Our S&P 500 calendars called the market short on June 13. We use this barometer index to find the overal trend. Some of the indexes move faster or slower but the broad range of all markets covered in the S&P 500, gives us the turn in trend direction for stocks. For those of you that have not reviewed the calendars, go to the top right hand corner of the main Wizard page and click on the long term arrow for the S&P 500.

The double Greens continued their winning ways this week, even in a down market. It shows when you have good companies with good technicals and momentum you can see profit. (more…)

As our forex members certainly noticed, we had some datafeed issues last week which spilled over until early this week. The problems were isolated to our Forex data feeds. We have been watching the forex scans very closely since then and everything seems fine at this point, but we wanted to give some more details for those who are curious to put your minds at ease.

Here’s what happened:

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This is the trade that we put in the portfoio on its inception. If you used margin you would be up 51.80%. in 28 days. Annualize that and it is 331% or 662% on margin. The Wizard works and this is proof that if you take the high probability trades, you have a chance to make lots of money.

These two stocks were both double greens and the only double greens on the weekly BSG Momentum scan four weeks ago. I put them in the portfolio and you can see the results. This is what I have shown you in the video’s, and it is proof that this method is a high probability trade. Watch for these double green trades in double green sectors, industries and categories.

It is very important for you to know where the trend of the market is when you are making trades in a particular category. This slide from last week, shows that the S&P may be following suit by turning to a darker green. This is the second week for dark green. The next color will be bright red when it makes a change if it doesn’t change to bright green and start up again. Well the second slide shows that we got the bright red and are heading lower. So if you are taking trades at this time be sure you are aware of the main trend. Looks like we may be heading lower. So you should be looking fror shorts this weekend and be ready to short the S&P Monday morning. Look for double red stocks and do the PRE-SELL scan.

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These two stocks were both double greens and the only double greens on the weekly BSG Momentum scan two weeks ago. I put them on the portfolio and you can see the results. This is what I have shown you in the video’s, and it is proof that this method is a high probability trade. Watch for these double green trades in double green sectors and industries and categories.

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I also put Double Green Pre-Buys from the Technology Sector. The results are not as good but for 2 weeks not a bad result. Some did not get filled right away. This is with the aggressive scan.

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