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
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