“There are some shorts that are available as aggressive trades and I will post them below.” When I said aggressive trades that was the case.   We were in a choppy market and the market had not given us the main signal of double red. This is a perfect example of taking an aggressive trade and not being in any trend.  When we are in these consolidation areas you can get hurt. Patience is a virtue in trading as well. When we wait and get the signal we make money.

We are still on the side lines unless we are locking in profits from conservative trades. I don’t like taking the shorts this week since we have the dark red in the short side of the S&P.  So I will stay on the side lines this week. I will keep the shorts that we have taken on the from last week.

Scan posted last week

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There are no Wizardpicks for this week.

We are waiting for the next signal from the markets and we will be ready to load up when that comes. As I always say wait for the signal, be patient and we will get in to the trend and make some money.

As always have a great week and God bless you all.

Gene Stunkel

Creator of the Wizard

We have a signal to get out of the market with the dark green showing up in the Long Term  S&P. Now as always you can wait for the stop, or you can get out here and stay out of the consolidation area.  However, I am not looking for Pre-Buys in this market.  They would not be high probability trades. Those of you who are using the WizardPicks,  this is where we always get out.

There are some shorts that are available as aggressive trades and I will post them below.  If you look at the chart below we practically made the last target on the weekly scan.  It missed it by a about 40 cents and it changed about the week of the12th to 20th of October which I thought would be the time of the change, as I said in a previous blog. If you took the Wizard Weekly Aggressive signal you would have a profit in the S&P ETF of 18.60%.  If the market does not go any higher than this, we should test the lows.

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Pre-Sell Trades

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Sectors that you should take the short Pre-Sells from.

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Cash for Clunkers

Well, the Wizard figured out what to do when the boys in Washington decide to throw money towards the car companies and the related industries.  We got long in those stocks and look what an amazing reward we received.  You do not have to be a genius to figure out that these companies were going to make a bundle when the Feds put  Billions of Dollars into there pockets.  Here are the results. Wow!!!!!

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I will keep you posted on any change in the market if I see one.  I have noticed that a competitor is starting to say that there are myths in the market.  You should not buy and hold, the market cannot be timed etc. Maybe we are teaching them something and they are starting to get it.

Forex and Futures

Watch the dollar. I think we could see a bear market retracement soon.

As always, Great Investing to all and God Bless You.

Gene Stunkel

Creator of the Wizard