The S&P, Dow, and the Nasdaq have all shown buy signals.

The Russell 2000 has delayed the buy signal for now, we will see if it follows suit.  I am going to watch this closely and I will post any contradiction of these signals intra week, if something occurs.  I am posting a copy of the Browse sector page so that you can see that all of these sectors are giving buy signals for the first week.  This is not one or two sectors changing, but about three quarters of the sectors giving buy signals.   There are plenty of good buys in each of these sectors, so make sure you do some searches in each sector and the hottest industries in each one.  Remember that all of the sectors and industries are ranked by momentum.  That means the stongest are at the top of the list and the weakest at the bottom.  The low volume is making me suspicious of this move, but I believe we will see some of the stronger companies do well.

Browse Sectors

(Click on image to enlarge)

The WizardPicks launced this week and we had eight picks on the Pre-Buy list.  The response has been tremendous and we are looking for a great year.   We have our work cut out for us, since last years signals were close to a 60 % return (based on the simulated signals we followed).

We are hoping to launch the Iphone application in the next few days.  We are waiting on Apple’s approval.  The application is done and functional.  The IWizard will only have the Dow 30  calls.

Good Trading and we will post again soon.

Gene Stunkel

Creator of the Wizard

Stocks

The markets are very volatile at the present. Too much manipulation in Washington and the other G8 financial circles. Whenever we get to these dark green or dark red areas I am going to cash and staying out of the markets.  When I talk about dark green and dark red areas, I am referring to the Long term calendars for the major indices.  The Dow, S&P, Nasdaq and the Russell 2000.  They all have been dark green for a couple of weeks and finally the Nasdaq turned dark green this past week.  The scans that I have done looking for the entries short have not given the double reds at a minimum price of $20.00 or more, so therefore I did not enter.  Stay on the sidelines for now, and the trend will come and we will get back into some trades. If you look at the S&P calendar for 2008 you will see that we actually entered only 5 trading trends.  Four of them were short and one was long.

ETFs

Same story with the ETFs.  No trades that interest me.

Futures and Forex

Same story, no trades.

Patience

I have talked about this trading trait many times.  But let me tell you about a couple of things that I have found in building the WizardPicks site.  If you simply get out of the market when we turn to  darker colors, (not bright green or bright red) you will make more money.   The other idea is that if you are in the trade and have not taken many profits, hedge the trade by buying  puts or call options.  This way you have a head start if the market or security continues in the direction opposite of your original trade. And when it continues in the same direction and turns the bright color, simply release your original trade, if you have not already been stopped out. I hope these simple tips will help you when you are trading nervously in these markets.

Thanks for being a part of the Wizard family.

Gene Stunkel

Creator of the Wizard