As I’m sure many of you have heard, the SEC has recently imposed a short-selling ban on certain financial and financial-related stocks. This ban will be in effect until October 1, 2008. After this date, the SEC may extend this ban at its discretion.

For more information on this and to keep up-to-date, you can visit the SEC’s website where you will find a list of all banned stocks.

CNBC also has a list here >

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Can I still sell short?

You bet. Fortunately, the Wizard has many, many more stocks that can be shorted, which, of course, we will be doing. ETF’s and inverse ETF’s provide additional ways of trading the short side of the market. And for those who prefer more leverage and greater profit potential, futures always provide an excellent opportunity to take advantage of the market’s movements.

No matter what the SEC does, we’ll always be on top of it with the latest and best strategies for taking advantage of whatever the market offers.

We’ll also do our best to keep you updated on changes to market regulations, but if you are a shortselller, please remember to keep yourself up to date.

Good trading,

Gene Stunkel

Founder of the Wizard

The Stock Market: How Low Can it Go?

Even after another day’s carnage in the stock market, it’s no secret that many a television pundit has spent the last several months repeatedly calling a bottom. Fortunately for you, we don’t listen to CNBC. As the markets have been melting away, the Wizard has been short from the beginning. As the screenshot below shows, our initial short call was registered on June 13th. And while the many talking heads were faked out by the weak August rally, the Wizard never once registered a long signal for the market. On September 5th, we, once again, went aggressively short and haven’t looked back since.

How far we fall and for how long is anybody’s guess – although I suspect we have more downside to go. But one thing’s for certain. While everyone’s talking about the Fed, the next big bank to get in trouble and the next bailout, we’re focusing on one thing: the market. Who would you rather be listening to?

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Our Futures Picks? In a word: perfect.

As well as we’ve called the stock market, our futures picks are even more impressive. Once again, the tv talking heads, gold bugs and peak oil theorists have been telling everyone why oil will rise again (all the way to $300/barrel!) why gold is going to $2000, and the dollar is going to zero. Too bad they got it all wrong. But we didn’t. The only thing registering a zero is the number of losers in our futures picks. That’s right – 0 losers, against 38 winners. We caught the selloff in oil and gold, the rally in the dollar and much, much more. In fact, we caught every move there is. Did CNBC call that?

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Forex: The Death of the Dollar Has Been Greatly Exaggerated.

IF the dollar is going to zero, then every other currency paired against it must be going to the moon, right? Guess again. 25 Forex winners, 1 loser. Turns out the dollar is alive and kicking. And we saw it all the way.

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Nobody needs to tell you how much turmoil is in the markets right now.  And while, for many, it may seem like a financial hurricane, the Wizard is, quite simply, the calm in the storm. We don’t follow the pundits, the latest theories or the crowd. We simply follow the markets. Every day. With astounding success. All you have to do is follow us. Sound easy? Well that’s because it is.

Good trading to everyone,

Gene Stunkel

Founder of the Wizard

Hello everyone,

We want to let you know that theWizard.com will be down for approximately 30 minutes for scheduled maintenance. We are expecting this to last for 15 to 30 minutes on Saturday night /  Sunday morning starting at 1:00 am. We apologize in advance for any inconvenience this may cause.

Thanks for using theWizard.com!

This is going to blow your mind.  I am attaching a video that highlights Jim Cramer’s TV show on CNBC that portrays him as the stock picker supreme.  He started Thestreet.com and has written a few books expounding his knowledge of the stock market.

Well the Wizard literally kicked his butt by picking the opposite direction of all the stock classes he recommended. On June 13, 2008, Cramer said to buy banks, brokers, home builders, financials, retailing, technology, and defense stocks.  The Wizard called the Dow Jones short on the 6th of June and the S&P short on the 13th of June the very day Cramer called the market oversold and it was the time to buy these industries, the Wizard was picking them short.  We picked them short and made handsome profits and he must have lost his shirt.

http://www.youtube.com/watch?v=_nkZ3eHeXlc

Now the following scans are from the Wizard and shows the results during this period. Some of these shorts we were in before the calls made by Cramer, but we are still in the trades and short with some great results.

Here are Cramer’s stock picks long.  We picked them short and here are the results:

1.

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Here he said to buy Brokers and we shorted them.

2.

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He said to buy banks and we sold them

3.

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He said to buy defense stocks we shorted them, some before the 13th of June

4.

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He said to buy retailing we were short again

5.

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He said to buy Homebuilders we were short and stayed short

6.

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He said to buy technology and were short.  And still short

7.

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I am sure you can see that the Wizard is the one to be picking your stocks.

Make sure you sign up for our free Demo and take a test ride to see how the Wizard operates.