Currently, the stock market is in a trading range. In layman’s terms, this simply means that the market is moving within a defined price range
Continue Reading →“Swiss Franc Plunges Most Ever as Central Bank Draws Line in the Sand.”
Such was the headline this morning from Bloomberg News, after Switzerland’s Central Bank took the absolutely unprecedented step of imposing a ceiling on the exchange rate of the Swiss franc, saying it would defend its rate target with “utmost determination”.
The result?
[...]
Continue Reading →The markets are in turmoil yet again – and people are really worried this time. We’ve seen this before – and we know what happens. Portfolios hemorrhaging money. Retirement accounts collapsing. Nest eggs disintegrating.
The possibility of another 2008-style crash is very real indeed.
And through it all, we here at The Wizard have been [...]
Continue Reading →To tell you how amazing The Wizard is, take a look at the following:
The Wizard had a target for the S&P of 1357.00
The high of the S&P was 1371.10
When we entered the long term trade at 1133 our targets were 1278 and 1357. We hit both targets. We started that trade on [...]
Continue Reading →WE HAVE A TREND CHANGE IN THE MARKET….but no buy signals in the indices.
THAT MEANS DON’T BUY UNTIL WE GET THE BUY SIGNALS.
We have a trend change this week. This is the first trend change since May 7th 2010.
We never know how long a trend will last or if it is simply [...]
Continue Reading →This program is an essential tool for anyone who invests in Mutual Funds.
Continue Reading →We have another long term short signal. If you missed it in May here is another opportunity,
Take a look at how well the Wizard has done in calling the SPY ( a financial ETF).
June 13,2008 – April 10, 2009 short for a profit of $50.30 a share.
April 10, 2009 [...]
Continue Reading →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 [...]
Continue Reading →We have a confirmed sell signal in all of the major indexes except the Russel 3000. We never know how long this trend down will last, In the last 3 years, there were two times when the change of trend lasted for only 2 weeks.
Trend Change…Bright red is the signal to go Short
This is from the blog in September 20,2009.
This has been a longer than expected trend. It looks like the S&P will go to 1150 if the trend continues. That is my target. I am looking for the turn to take place some where between October the 9th and 12th. If it goes beyond the [...]
Continue Reading →Recent Posts
- We Have a Buy Signal in the SPY, But We’re Not Getting Filled… What’s Happening?
- Swiss Surprise? Not for The Wizard
- Could this be a repeat of 2008? Let’s hope so: The Wizard turns crashes into opportunities.
- U.S. credit downgrade. Europe in Turmoil. Are you prepared?
- The Market gave us a Sell Signal. The first S&P target is 1097 and the second target is 997.
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