Comments today are from TheWizardPro We have to watch this area very closely.  Make sure you are taking your profits at the targets.  Double tops are a vulnerable area, in that they become a very strong resistance area.  A case in point is when we made a double top in 2007 that matched the top of 2000.  I don’t have to tell you what happened there.  The Wizard will get you out if we start a down trend with the stops that you have in place at this time.  As I always say, if you are not comfortable with your trade or you do not want to give any profits back, get out of the trade. You should always be comfortable with your position in the trade, until you trust theWizard. Let me explain what the Wizard is:

TheWizard is a program that lets you know if the stock markets are going up or going down and what to buy at the right time. There are no charts to buy or indicators to follow. All you need to do is buy at the price it tells you or sell at the price it tells you. With the way it finds the market direction, you will develop the confidence that you can quickly be a serious investor.  The Wizard is “simple, dynamic and “deadly accurate”, as reported from a recent review in the Dallas Morning News.

You have to develop confidence in any investing system that you use.  If you are new to TheWizard, take the first month and do what we call “paper trade”, by posting your selections in the portfolio that we provide. This will give you a chance to test yourself and TheWizard. Here are the scans for the daily conservative, daily aggressive, and the weekly conservative for the four main Index ETFs.  The Dow, S&P, Russell and the Nasdaq. As you can see the targets are locked in on all but the S&P and it has 50%  locked in. The weekly conservative has already locked some profit up also.

Daily Conservative

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Daily Aggressive

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Weekly Conservative

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All of the ETFs are doing quite well the last 3 weeks

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Futures and Forex I don’t comment to often on the Futures and the Forex, but TheWizard has been giving tremendous signals on both. Here are the results. For all of your Future and Forex traders here are the current results.

Futures

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Forex

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If you have not signed up to be an associate to share theWizard with your friends, be sure and go to theWizardNetwork.com and sign up. Have a good week and God Bless, Gene Stunkel Founder and President TheWIzard.com LLC

Our S&P 500 calendars called the market short on June 13. We use this barometer index to find the overal trend. Some of the indexes move faster or slower but the broad range of all markets covered in the S&P 500, gives us the turn in trend direction for stocks. For those of you that have not reviewed the calendars, go to the top right hand corner of the main Wizard page and click on the long term arrow for the S&P 500.

It is very important for you to know where the trend of the market is when you are making trades in a particular category. This slide from last week, shows that the S&P may be following suit by turning to a darker green. This is the second week for dark green. The next color will be bright red when it makes a change if it doesn’t change to bright green and start up again. Well the second slide shows that we got the bright red and are heading lower. So if you are taking trades at this time be sure you are aware of the main trend. Looks like we may be heading lower. So you should be looking fror shorts this weekend and be ready to short the S&P Monday morning. Look for double red stocks and do the PRE-SELL scan.

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