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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
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“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?
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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 →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 [...]
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