“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
(Click on image to enlarge)
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
If you enjoyed this article, please consider sharing it!
