We don’t often talk about our longer-term strategies here, but they are often the most profitable. As you can see from the performance snapshots below, the Wizard has reaped enormous gains in both the Futures and Forex markets, both using the Weekly timeframe. Sometimes patience really does pay.

FUTURES: 100% winners. Again.

The proof is in the pudding. 34 open positions: 34 winners, zero losers. With an average hold time of 106 days (only about 3 1/2 months) our cumulative futures positions have reaped a profit of over $630,000.

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FOREX: 21 winners, 1 loser

The Wizard’s forex trades are just as impressive. 21 winners and 1 loser over the course of 122 days – 4 months. Total profit? How about $443,000?

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STOCKS

The Wizard is still short the stock market, as a very bearish trend signal still prevails for all of the stock indexes. The trend is still very much down.

Stepping away from the Wizard’s signals for a moment, the current environment indicates that there is a good possibility that the markets will head even lower. Currently there are many problems in our economy, and this is making it very difficult for the markets to establish any sort of confidence. Additionally, it doesn’t appear that the government has much of a clue as to how to solve this problems, as each of its supposed solutions have amounted to nothing more than throwing money around and seeing if it will stick.

As an investor, it is important to protect your capital. This means either staying on the sideline and in cash, or if you are already short with the Wizard, holding your positions and taking your profits according to our signals. The market will not go down forever and when a rally begins, whether it is next week or next year, you’ll always know that the Wizard will tell you.

SEMINAR 12/06/2008 in Carlsbad, CA

If you haven’t yet registered for the Seminar, seats are running out, so make sure to grab yours. In addition to teaching you everything you’ll ever need to know, we’ll also be introducing some new features.

Good trading,

Gene Stunkel

Founder and Creator of the Wizard

I have not said much about the Forex lately,  so I thought I would give you my take on why we have so many winning trades.

The dollar has made a move up the last few weeks and it shows on our Dollar Market trend calendars. The first sign was on the 23rd of July, when we got our first bright green day. It was then confirmed on the 1st of August with the Long Term Market Trend turning bright green for the first time.  The dollar affected all of the currencies and this is why we have this strong group of longs and strong group of shorts.  The double greens are all winners and the shorts double reds are all winners with except one losing trade.  The next time you see a change in the dollar Market Trend calendar, take a close look at the Pre-Buys and Pre-Sells to get your entry.

Here are the daily and weekly calendars followed by a scan of all of the Forex pairs today

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Take a look at the percentage win and the profit on $24,000 invested in the mini’s for about 16 days.

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Gene Stunkel

Founder of the Wizard