Market will not quit……..A new buy signal

This retracement was short lived. The market has still got momentum pushing it higher.  With all that is going on in the national and international arena, I am surprised that we are moving higher. With all of the money on the sidelines, it must be burning a hole in the pockets of the funds.  Nevertheless,  we are moving higher on lower volume.  If you are still in the market, make sure you are locking in most of your profits.  It is imperative that you at least follow the targets on the conservative scans and take the profits when you hit the target prices.

I said a couple of weeks ago, before we got the dark green signal on the S&P, that we should go to 1150 on the S&P. I thought we would get there this coming week.  Lets see what happens.  I am taking some long signals with double greens,  and I will watch them with a close eye.  Remember that we are looking at most of the laggards where we are getting the double greens signals . The stronger stocks always emerge with a breakout normally first. There have been a lot of indications from the charts that we are topping out.  If we do not get filled on these entries we know we are probably there.

With all my best and wishing you Successful Trading,

God Bless You All

Gene Stunkel

Creator of the Wizard

Dark Green means caution or get out of your trades

We have had a tremendous run since our April signal to buy the market. This is a time to be cautious and stand aside even though the stops have not been hit.  There is no signal to take any more trades to the long side.  We will wait until we get the bright green or bright red signal to enter a trade.  If you are long with trades take your profits and get out of the market.

Another action would be to hedge your trades with either put options or offset with the index ETFs.  We could still head up farther, but it is tenuous at best. I was looking for 1150 on the S&P and the turn of the market next week. We may have gotten the turn a little early.  What ever happens we will let the market tell us and react to  the signals we get from the Wizard.

Remember patience is a virtue especially when trading or investing.  Also remember that Buy and Hold does not work. We know that the Wizard never misses the change of trends. Now we relax and wait for the confirmation of direction.

Multi-Level Marketing

Multi-Level marketing is right around the corner for the Wizard.  We are excited with all that is happening with the Wizard.  We will be announcing the schedule and how you participate soon.  For all of you that have sent inquiries to us, we will make sure you get the information for becoming a distributor. Won’t it be wonderful to make money with the Wizard and also share it with your friends for a profit.

Mutual Funds

For all of you that have IRA’s and 401K’s,  we will be calling over 20,000 mutual funds soon.  You will be able to see the calls exactly like you see the stocks.  The Wizard will be another way for you to monitor your long term investments. The results are amazing.

Charts

This is a sneek peek of how we have it designed at the present.

(click on image to enlarge)

The calendar colors are on the bars and the signals are on the right side. Volume is next to the bottom and the scan of the stock is on the bottom. For you chartists, you will like this.

Have a good week and as always I wish you the best.

Creator of the Wizard

Gene Stunkel