The Wizard: Stocks, ETF's, Futures & Forex

We Have a Buy Signal in the SPY, But We’re Not Getting Filled… What’s Happening? | trading range

Gene — Wed, 02 Nov 2011 05:15:22 +0000

The markets are in an interesting place. One day they’re up huge. The next, they’re down just as big. It’s volatility at its finest.

And while The Wizard has been getting many Buy and Sell signals, many of them are not getting filled. Over the last couple of weeks, we’ve received many calls and emails asking us why. Here’s the answer:

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. As this charts shows, the trading range on the S&P 500 (shown via the SPY ETF) is between 1070 and 1370. And as you can see, the market has been bouncing up and down between these prices for the last three months.

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When the market is in a trading range, it is common to see this kind of up-and-down action. And in such an environment, your best option may to be trade shorter term – to use The Wizard’s daily signals, rather than our weekly signals.

The reason is simple: Our daily signals use tighter stops and also have tighter profit targets. They allow you to take profits more quickly, while also reducing your risk. That way, if the market continues to be volatile, you have a better chance of booking a profit before the market changes direction again. Once the market breaks out of this trading range – either to the upside or downside – the chances of a sustained, longer term trend are much higher.

This is just the tip of the iceberg when it comes to knowing how to effectively trade within range-bound markets. It’s all part of Gene’s revolutionary Price Action methodology. We’ll be scheduling some upcoming seminars teaching these exact methods, how to trade without indicators and how to use The Wizard’s signals within trading ranges for an even greater edge.

Keep your eyes peeled, as we’ll be announcing upcoming dates soon.

Swiss Surprise? Not for The Wizard

Gene — Wed, 07 Sep 2011 04:07:43 +0000

“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?

The Swiss franc dropped over 9% in less than a day – something that is absolutely unheard of in the currency markets.

Live another 50 years and you will likely not see a move like this ever again.

Let’s be clear: the Swiss National Bank is not the Fed and it’s not the ECB. It does not intervene in the currency markets. It does not endlessly bail out its banks like we do. And it certainly does not move its currency 9% in a day. Nobody saw this coming.

Even venerable hedge fund manager Dennis Gartman appeared today on CNBC, where he made this comment about the Swiss central bank’s move: “They did it surreptitiously.”

What happened today was truly unprecedented. And it caught everyone off guard.

Well… not everyone.

Because while most of the trading world was asleep at the wheel, The Wizard was, once again, ahead of the game – issuing buy signals on the Swiss franc currency pairs and the Swiss franc futures contract well in advance.

How far in advance? How about 3 weeks ago? And the result? Some of our most impressive gains ever.

The profits speak for themselves, so we’ll let you see for yourself.

First, the CHF currency pairs. Five pairs. Over $34,000 in profits – in just 3 weeks.

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Next, the Swiss Franc futures contract: 12 days. $11,112.50 in profits – on just one contract.

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This isn’t the first time we’ve done this. And it certainly won’t be the last. It’s just one in a long line of great calls we’ve made.

So the question is: when the next “unexpected” and “unprecedented” event strikes, will you be watching the media after the fact?

Or will you be tuned into The Wizard before it even happens?

Could this be a repeat of 2008? Let’s hope so: The Wizard turns crashes into opportunities.

Gene — Mon, 22 Aug 2011 00:27:30 +0000

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 bombarded with pleas for advice. From the newest trader all the way to professionals managing hundreds of millions of dollars, the question is always the same: “Where is the market going and what do I do now?”

The media simply cannot answer these questions. Despite horrific declines and overwhelming evidence that the sellers are now in control of this market, all the media can offer is the same failed advice: buy more stocks and hope (pray, actually) that the markets will rebound.

This doesn’t sound like advice. It sounds like a shot in the dark from a bunch of desperate people who have no clue what to do.

But not The Wizard. There’s a reason why professional money managers and traders of all kinds call us. Because we stand alone. Even in the very worst of markets, we have proven our mettle. We proved it during the Crash of 2008. And this past month, The Wizard has proven it again.

Take the Dow Industrials – the grandaddy of all stock indexes. While most of the investment community has been telling anyone who would listen to buy more blue chip Dow stocks, The Wizard was selling them short. With lethal effectiveness.

24 trades. 23 winners. A 14.2% average profit.

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How about some highlights – 2 stocks that have been all over CNBC. The commentators have been endlessly debating the fates of both. But for The Wizard, there was no debate. We simply sold them short:

Hewlett Packard (HPQ): 32.74% profit in 19 days

Bank of America (BAC): 32.26% profit in 39 days

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Try this: Of the 9,634 stocks The Wizard covers, our open signals have profits on over 84% of them – with an average profit of 15.34%. Most money managers would kill to get returns like this in a year. We did it in an average of just over 26 days.

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To learn how you can get the most out of The Wizard, watch our step-by-step video to see how we did it >

U.S. credit downgrade. Europe in Turmoil. Are you prepared?

Gene — Mon, 08 Aug 2011 15:55:48 +0000

The unthinkable has indeed come to pass… This week, the U.S. credit rating was downgraded – something nobody thought would EVER happen. And Europe? In absolute turmoil. Greece is going to default. Italy and Spain are up next as the ECB held emergency meetings through the weekend in a last-ditch attempt to craft a bailout package 25 times the size of what was given to Greece! Traders all around the world are panicking.

Could a 2008 crash happen again? The short answer is yes – it can.

In fact, the early returns are already in:
Saudi Arabia: down 6%. Israel: down 7%. The futures markets are tumbling during the pre-market. The Asian markets are selling off once again, and gold is at record highs.

But you could have been prepared beforehand…

Because The Wizard issued a sell signal on July 31 – BEFORE last week’s carnage occurred. 

(And we warned you about it last week >)

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Once again, The Wizard has succeeded where so many others have gotten it wrong. While the pundits have been busy arguing about the latest Fed meeting, the lastest Euro bailout, the debt circus in Congress and everything else under the sun, we’ve simply been following the Trend.

That’s all we do – and it’s all we’ve ever done. Some call it good timing. We call it business as usual. If you’ve been following us, you know exactly how well we’ve done.

You know that we called the market short 4 months before the markets crashed in October 2008. (Here’s our Trend Calendar showing our call.)

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You know that we called the market long before it rebounded in 2009.

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You know that when everyone was calling for a dollar collapse, we called it long – and were right once again.

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You know that, in spite of the recent calls for owning gold, The Wizard has been long gold for over 15 months – taking in a profit of over 41% during this time.

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And if you don’t know, now you do.

There’s no question these are tough markets, but The Wizard has been designed for times just like these. When Wall Street is selling you a bill of goods, you deserve an even playing field. And now you have it. Can you afford to continue taking your chances with business as usual?

Once you experience what The Wizard can do to your trading, your confidence and your life, you’ll never see the markets the same way again. When everyone else is panicking in fear, you’ll be calm and in control. You’ll know when to be in the markets, when to be out, when to take your profits and when to wait for the next opportunity. Leave the guessing to the pundits. It’s time to be the trader you’ve always wanted to be.

Don’t wait for the markets to crash again. The time is now. Sign up today >

The Market gave us a Sell Signal. The first S&P target is 1097 and the second target is 997.

Gene — Sun, 31 Jul 2011 05:02:19 +0000

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The market gave us a sell signal. Needless to say this is a very volatile market. Washington and its political escapades could change this market on a dime. However, the trend has changed in a week giving us a sell or short signal. The image above gives you the parameters of the Pre-Sell entry prices for the indices. It is important that you make sure they are stop limit orders. You will not get filled on the orders unless the price is touched. The entries are not that far away from the closing prices, so be cognizant of what is going on with the debt limit discussions. The market could turn instantly, if they make serious commitments to decreasing the debt. As you know, I am not one to worry about news and fundamentals. However, in this case, it is such a monumental decision that we should be sure our stops are set. If your risk tolerance requires you to put a hard stop on the trade, that will be fine.

Here are the charts with signals and targets for the SPY (S&P), DIA (Dow 30), and the IWN (Russell Value Stocks). You will notice that the target price is much lower on the S&P and the Russell than the Dow. If we get filled and this breaks down, get ready for a wild ride down. The first S&P target is 1097 and the second target is 997. If you don’t short the market you could buy an inverse ETF. If you are not comfortable with that prospect, put your money in the money markets or cash, until we get another buy signal.

S&P

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Dow 30

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Russell

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I have taken the Power Scan and filtered with no stocks under $20.00 and 27 Million shares traded a week. The following ten “high probability shorts” are the results. This could be a good option play if you wanted to buy puts on these stocks. Make sure you hit the fill price on the stock before you buy the option puts.

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Forex

If you are an intraday trader and want to be trading the largest market in the world, we give signals for Forex trades every 15 minutes. I participated in one of our Wizard University classes this week and our traders reported that they had been very profitable with the Wizard Forex signals . Currencies trend very well and when the trends take off, we do not miss being in the trade.

If you are new to the Wizard or you have not subscribed, go to TheWizard.com and check out our events page. There you will find live webinars that you can sign up to watch, or view archived webinars at your leisure. We also offer the Wizard Boot Camps and The Wizard University for subscribers. Great instructors are there to show you how to use the Wizard and answer questions that you may have about the market and setting up your trades.

This should be an interesting week. I wish you all well, great profitable trading, and God Bless.

Gene Stunkel

President

TheWizard.com

We have Double Reds in the S&P and are still long (Long Term). | TheWizard.com

Gene — Sat, 04 Jun 2011 01:52:14 +0000

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 September 17, 2010. This is surely a glowing testament to the advantage of trading with the trend, using the Wizard.

We now have a red arrow on the Short and Long Term calendars. However, we did not get stopped out on our long entry. The question is, will we get the Pre-Sell for the long term entry next week? We penetrated the stop and many of you, that prefer hard stops, may have exited your long term positions. The Wizard did not. The rule that we use with The Wizard is that we wait for the close to be beyond the stop price. That did not happen this week. If you are familiar with my Price Action Seminars you may also realize that we could test the top again. If we get good volume and close below 1300 on the S&P we are looking for the next target of 1268 and then 1132.

S&P

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If you take a look at the sector chart below you will will find many of the sectors have already turned red and are giving sell signals.

Even though the S&P index has not changed to a Pre-Sell signal, there are plenty of sectors giving Pre-Sells for stocks and ETFs.

Sectors

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If you have not tried the Wizard this is a great time to catch the next trend.

Have a Great week and God Bless.

Gene Stunkel

President

TheWizard.com LLC

Changes in the Conservative Scan

Gene — Sun, 22 May 2011 20:58:40 +0000

The Conservative Scan is changing tonight. Many of your stops will have changed. Be sure you are aware of the new Stops.

After back-testing the results of the new format, it is a must that we implement this change. Many are timid about taking profits. This will help you be a better money manager of your portfolio.

The new rules for the Conservative Scan on all Stocks, ETFs, Futures and Forex will be the same.

ALL CONSERVATIVE SCAN STOPS ARE HARD STOPS, ONCE THE 50% TARGET IS ACHIEVED. IF THE 50% TARGET IS NOT ACHIEVED ONLY EXIT THE TRADE IF THE PRICE CLOSES BEYOND THE STOP PRICE. ONCE THE MOVING STOP OVERTAKES THE BREAK EVEN STOP THE MOVING STOP BECOMES A HARD STOP.

1.Once the 50% target is hit the stop, the exit will be automatically moved to where you entered the trade. You will have taken 50% of the original size of the trade off. If you bought or sold 100 shares or contracts, when your target of 50% is reached, you will take off 50 shares. This means that you cannot lose money on this trade. You will have locked in a profit from entry to the 50% target for half or 50 shares or contracts. When the moving stop price exceeds the price where you entered it will show as a continuing moving stop.

Example:

Entry price Stop Price 50%Target Price Shares

$10.00 $9.00 $12.00 100

When Price makes it to first target

Entry price Stop Price 50%Target Price Shares Guaranteed Profit

$10.00 $10.00 $12.00 50 $100

3.At this point you stay in the trade until your stop is hit. You have made at least 10% and you are still in a trade with no risk.

2.Once the 75% target is hit, the stop for the exit will be automatically moved to where you took profits at the 50% target. You will have taken another 25% of the original size of the trade off. If you bought or sold 25 shares or contracts, when your target of 75% is reached, you will take off 25 shares. This means that you cannot lose money on this trade and you have locked in more profits. You will have locked in a profit from entry to the 50% target for all of your 100 shares or contracts and 25% from the 50% target to the 75% target. When the moving stop price exceeds the price where you took 75% profits it will show as a continuing moving stop.

Example:

Entry price Stop Price 50%Target Price Shares

$10.00 $9.00 $12.00 100

When Price makes it to second target

Entry price Stop Price 75%Target Price Shares Guaranteed Profit

$10.00 $12.00 $16.00 25 $300

3.At this point you stay in the trade until your stop is hit. You have made at least 30% and you are still in a trade with no risk.

The Wizard University

Gene — Thu, 19 May 2011 17:43:36 +0000

The Wizard University

As a Wizard customer, you are entitled to attend The Wizard University – for FREE!! There are two types of classes – Live-in-the-market training classes and Wizard Boot Camps.

The Live-in-the-market classes allow you to interact with a Wizard instructor during market hours. You can watch our instructors use The Wizard and follow the trading rules of the program in real market conditions. If you are considering a trade or looking to exit a trade, but have some questions, feel free to email the instructor and they can give their insights to your situation. You can also watch other Wizard customers send in their trading insights on the current market conditions. With The Wizard University, you’re now part of a big trading community.

The Wizard Boot Camps cover a special topic, product feature or market asset class (Stocks, ETFs, Forex or Futures). The Wizard Boot Camp instructor might teach a class on a feature of the software, a strategy for the current market condition or a general investor topic such as money management. These classes are designed for you to become more comfortable with The Wizard’s features, functionality and trading rules. Bring your questions and the instructor will be happy to answer them.

To sign-up for the classes just go to the “How To Use” tab in The Wizard product and click on the Wizard University registration button. Again The Wizard University is free so come as often as you like. We’ll even archive these so you can re-watch them at your leisure.

Wizard University Broadcast Schedule

Days	Time *	Show	Focus	Viewing
Mon – Fri	7:30 – 9:30 AM	Opening Bell	7:30 – 8:30 Futures, Forex, market set-up 8:30 – 9:30 Market open	customers only
Mon – Thu	11:00 – 12:00 AM	Wizard Boot Camps	Asset class focus each day: Monday – Stocks Tuesday – Forex Wed – ETFs Thurs – Futures	customers only
Mon – Fri	1:30 – 3:00 PM	Closing Bell	Market close. Set-up for Asian & European Forex markets	customers only
Monday	7:00 – 8:00 PM	Asian Market	Forex trading focusing on Asian market & European market set-up	customers only
Tuesday	7:00 – 8:00 PM	Stocks & ETF Spotlight	Equities trading focusing on Stocks & ETFs. Mid-week report (look at how the weekly trades are doing)	customers only
Wednesday	10:00 – 11:00 PM	European Market	Forex trading focusing on European market & US market set-up	customers only
Sunday	4:00 – 5:30 PM	Weekly Trade Plan	Set-ups for the upcoming week. Forex live markets	open to public

*All times CST

Targets on every conservative scan. | profit targets

Gene — Mon, 28 Mar 2011 05:41:44 +0000

We have installed targets for every conservative scan. There have been requests for identifying profit targets when the Wizard algorithm is not finding a profit target.

We have installed into the Wizard System a calculation that gives a one to one risk ratio and a two to one risk ratio when the target is not found. You will notice that in many cases your scans will be locking in profits more quickly when the one to one ration is hit.

We will still take half of our position off at the first 50% target and another 25% off at the second 75% target. We will let the trailing stop take the remaining 25% off of the trade.

We have placed a small “w” in each of the conservative profit target boxes that indicates when targets are found by the Wizard algorithm.

Please observe the image below.

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Support@theWizard.com

The Wizard has all Winners in the long term signals for the Futures Markets.

Gene — Wed, 09 Mar 2011 06:13:47 +0000

The commodities have been hot for a few months and the Wizard has been picking the entries that have made considerable profits.

Here are a few images taken from the Wizard that shows how it went about getting into the trade and how it stayed in the trade. The images are of a cotton contract that would have cost a margin account price of $3,700. In 204 days you would have made $66,670. That is 18 times your original investment. Had you taken the Wizard entry signals in the weekly scan, you would be making handsome profits.

The first thing we did was look for a Weekly Pre-Buy entry with Double Green Arrows and we got that on 8/13/10. Here are the historical calendars to show where we took the trade.

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Next, here is the chart that shows where the Wizard signal would have gotten you into the trade, and where the price was this past Friday.

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Here is a copy of the full scan showing the results of all the Wizard signals that are active.

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If you are bullish on cotton, you can profit from a rise in cotton price by taking up a long position in the cotton futures market. You can do so by buying (going long) one or more cotton futures contracts at a futures exchange.

Example: Long Cotton Futures Trade

You decide to go long one near-month NYMEX Cotton Futures contract at the price of USD 0.4600 per pound. Since each NYMEX Cotton Futures contract represents 50000 pounds of cotton, the value of the futures contract is USD 23,000. However, instead of paying the full value of the contract, on 8/13/11 you would have only be required to deposit an initial margin of USD 3,375 to open the long futures position. That contract now has a margin of $7,000.

There is a lot of leverage in futures and if you trade with the Wizard rules, you can have a high probability of substantial results.

Take a look at the futures markets.

Have a great week trading and God Bless,

Gene Stunkel

Creator and Founder of the Wizard