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.
(click on image to enlarge)
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?
(click on image to enlarge)
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
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