Gene’s Commentary

The winners from this trend have been spectacular.   I have listed them below.

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 number or date, other factors, probably international or national are involved. As you know targets are not always hit, but it is good to have one.  The low volume on the way up fooled everyone, including me.  That is why we have to take the emotions and too many indicators out of the mix of trading.   If you look at the 2009 calendar for the S&P you will find that the Wizard stayed with the move all the way up.  We had larger gains in the beginning of the move, and now the gains momentum have fallen off a bit. I am posting the 2009 S&P calendar below.

For all of you who are  wondering how TheWizardPicks have been doing, The Wizard has been Picking Winners quite well.  We are up 8 out of 9 weeks, and the losing week is less than 1%. If the market keeps going up as expected we will be positive on that week as well.

I have been very busy with the new marketing program that we will be announcing very soon. We will be launching a Multi-Level Marketing Program within a couple of months. If you have an interest in being your own boss and creating you own future drop me a note to sales@thewizard.com. You are going to be able to participate and grow with the Wizard over the coming years.

The S&P Long Term History

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EVERY SECTOR WAS A WINNER AND THE WIZARD PICKED THEM…..

Conglomerates                29.62%

Basic Materials                 60.58%

Aerospace                        41.11%

Oils-Energy                      39.45%

Consumer Discretionary   60.39

Computer and Tech          58.76%

Industrial Products           37.40%

Consumer Staples            48.62%

Construction                    98.12%

Utilities                            22.60%

Transportation                 35.83%

Business Services             77.73%

Medical                            53.77%

Finance                            28.62%

Auto-Tires-Trucks         101.66%

For all of you trading the Penny Stocks look at these returns

I like to look for penny stock scans with these settings:

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These are the results with this type of scan.

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The Wizard Picked some Great Winners From the ETFs.

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The Wizard did not leave the Futures out either

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The Wizard did not forget the Forex either.

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As always, I wish you the best, and great trading.

Gene Stunkel

Creator of the Wizard.

The S&P, Dow, and the Nasdaq have all shown buy signals.

The Russell 2000 has delayed the buy signal for now, we will see if it follows suit.  I am going to watch this closely and I will post any contradiction of these signals intra week, if something occurs.  I am posting a copy of the Browse sector page so that you can see that all of these sectors are giving buy signals for the first week.  This is not one or two sectors changing, but about three quarters of the sectors giving buy signals.   There are plenty of good buys in each of these sectors, so make sure you do some searches in each sector and the hottest industries in each one.  Remember that all of the sectors and industries are ranked by momentum.  That means the stongest are at the top of the list and the weakest at the bottom.  The low volume is making me suspicious of this move, but I believe we will see some of the stronger companies do well.

Browse Sectors

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The WizardPicks launced this week and we had eight picks on the Pre-Buy list.  The response has been tremendous and we are looking for a great year.   We have our work cut out for us, since last years signals were close to a 60 % return (based on the simulated signals we followed).

We are hoping to launch the Iphone application in the next few days.  We are waiting on Apple’s approval.  The application is done and functional.  The IWizard will only have the Dow 30  calls.

Good Trading and we will post again soon.

Gene Stunkel

Creator of the Wizard

Stocks

The markets are very volatile at the present. Too much manipulation in Washington and the other G8 financial circles. Whenever we get to these dark green or dark red areas I am going to cash and staying out of the markets.  When I talk about dark green and dark red areas, I am referring to the Long term calendars for the major indices.  The Dow, S&P, Nasdaq and the Russell 2000.  They all have been dark green for a couple of weeks and finally the Nasdaq turned dark green this past week.  The scans that I have done looking for the entries short have not given the double reds at a minimum price of $20.00 or more, so therefore I did not enter.  Stay on the sidelines for now, and the trend will come and we will get back into some trades. If you look at the S&P calendar for 2008 you will see that we actually entered only 5 trading trends.  Four of them were short and one was long.

ETFs

Same story with the ETFs.  No trades that interest me.

Futures and Forex

Same story, no trades.

Patience

I have talked about this trading trait many times.  But let me tell you about a couple of things that I have found in building the WizardPicks site.  If you simply get out of the market when we turn to  darker colors, (not bright green or bright red) you will make more money.   The other idea is that if you are in the trade and have not taken many profits, hedge the trade by buying  puts or call options.  This way you have a head start if the market or security continues in the direction opposite of your original trade. And when it continues in the same direction and turns the bright color, simply release your original trade, if you have not already been stopped out. I hope these simple tips will help you when you are trading nervously in these markets.

Thanks for being a part of the Wizard family.

Gene Stunkel

Creator of the Wizard

Great Results during this bull run

This is simple stuff.  You do not have to be a genius to find a Double Green Pre-Buy to get yourself into a high probability trade.  During the last eleven weeks we have done just that.  The sector did not make much of a difference.  It was a matter of picking an industry and sector that were Bright Green. Personally I did not think it would last this long, but it has.  We can guess when it is going to turn the other way but if we take the emotion out of the trade and follow our signals, we will be better off.  Isn’t it amazing what patience and discipline will do for your trading portfolio.  We should get a change soon.  But for now, I would make sure I took smaller positions if you are taking trades at this time.

Take a look at the winners in the top sectors.

Basic Materials

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Oils and Energy

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Consumer Staples

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Auto-Tires & Trucks

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Computer & Technology

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Retail Wholesale

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Penny Stocks

The Wizard picks the penny stocks the same way it picks the higher price stocks.  It give you an entry when the stock breaks out of the consolidation area.  If you find a sector that is double Greens, there will be some penny stocks, (less than $2.00) that will move with the sector as well.  If you have a small account this can be a good alternative. It has been particularly well with the oil stocks.

The main issue with any trading plan is to follow the rules and have the patience to follow through with the rules of the trading method.  The following chart shows the gains from some of these penny stocks.

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ETFs

We have caught the moves in the ETFs as well. Look at these trades

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Futures & Forex

Here is the Futures contracts for the recent run in commodities.  The Wizard does very well with the futures. If you are looking for more leverage, take a look at how theses contracts are performing. The Forex is a Weekly Chart. I am showing you how the big traders trade the Forex. To have the patience is the key. Of course a larger account helps out as well.  All markets trend.  The Forex and currencies in the Futures are no exception and are some of the best.

Futures

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Forex

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Have yourself a great trading week.

Gene Stunkel

Creator of the Wizard

Many of you have asked about how you can get in contact with Martin Hare.

If you are interested in having Martin Hare manage money for you, send an email to gene@theWizard.com and I will put you in contact with him.  His minimum account requirement is $100,000.

News from the Wizard:

The Wizard is very pleased to have received the following endorsement and testimonial, from a trader who manages hundreds of millions of dollars, for some very wealthy people.

“In my past I have been honored to work with some of the greatest traders in the world, Richard Dennis, Bill Eckhart, and The Turtles. The Wizard is the only system that in my opinion compares to their success, without the complexity. The Wizard makes it simple and easy, by controlling your risk with exact entry and exit points for all open market trading.”

Martin Hare
San Diego, CA

NEWS FROM THE WIZARD

WIZARDPICKS

We are hoping to have the WizardPicks out very shortly.  The WizardPicks is an annual subscription that will pick the best of the best as the Wizard sees them every week.  There will be some stocks and ETFs.  We are excited about the product and we are sure you will be also.

iWIZARDdow

We are working on the first iphone application that will have the Dow Jones 30  available.  We will be announcing the release soon.

CHARTS

We will be introducing our own charts with our signals on them very shortly.  You will really like these.
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STOCKS

The rally is continuing and with some significant strength.  The Nasdaq has fallen off a little and may be an indications of things to come.  The S&P has strong resistance at 933.  If it exceeds that resistance we are going to see higher numbers.  As I have said before, we trade only what the market gives us.  We sure have been receiving some nice profits since the 20th of March.  I indicated that we should take the daily signals at that time, and I still believe that is the best decision for now.  I know many of you have followed that advice and are doing very well.  I have taken a snapshot of some of those trades and you can see the nice profits it produced when we took pre-buy signals with double greens that first week.

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ETFs are great also.

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Futures with great results

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Forex is no exception.  Yes the Wizard call them all.

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Keep the testimonials coming.  I like to see people have success and hear the stories of you getting there.  We will continue taking the buys but watch that SPY (etf) for the close above 933.

Good Trading to all,

Gene Stunkel

Creator of the Wizard

We now have a S&P confirmation, but not the DOW.

It is very interesting to see how this rally has come about.  As it usually happens, the Tech stocks have led this rally from the start.  With all of the government participation with financial stimulus and bailouts, and promises of more, the markets may be acting a bit irrationally. I have not bought into a huge rally yet because of the absence of a test of the bottom, that I will talk about later.

As you can see from the trend calendars, (that are a basic trend signal of  the Wizard) we have received the first buy signal.

S&P

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Dow

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Nasdaq

Although the trend calendar has given the buy signal, the SPY, which is the index ETF, is still showing that we are in a down trend.  It is very close to changing, but has not so at this time.  This gives me pause as to whether this strong resistance area will hold or we will breakout to the 900 range in the S&P. The next slide shows the scans of the ETFs for the Nasdaq, (QQQQ), S&P (SPY), and  the Dow (DIA). We are still in the short position on the Weekly DIA and SPY.

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Any trade that you take now, you should make sure it is on a daily chart. I would also take the conservative scan. Once you reach your first target, (disregard the moving stop once you reach the first target) and move your stop to your entry price to protect any profits. I would not normally tell you to do this, but with the uncertainty of the government manipulations, make sure you follow these instructions.  We want to make money and if we protect our profits, we will.

I am anticipating that we are going to get a retracement soon to the recent lows or close to them. In the following image, we can see when the bubble burst in 2000, we got the retracement or test of the low. When we were at the highs in 2007, it happened again, we got the test of the high.  The image also shows the buy and hold model that has clearly ruined many portfolios that you have held for your retirement. If you had been using the Wizard, you would have different results.

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Since I showed you the buy and hold paradigm,  I will show you the alternative way to trade and manage your portfolio.

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The Nasdaq has been leading this rally.  Let me show you how to get into some of these early moves.  The next image shows the Browse sectors scan.  The scan shows where the Computers and Technology sector started to change. Had you taken some of the double greens in this area you would have seen some great results.

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You could have taken any of these stocks.

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You could have taken the signals on any of these ETFs.

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Here are a couple of images to show how we have handled some of these major market declines in the past. Notice how long the markets traded sideways at different periods.  It looks the same on any chart, whether it is a 5 minute chart or a weekly chart. There are bull markets, bear markets, and sideways markets.  Take a look at what happened in 1929.  It took until 1954 to get back to even.

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Well we have our work cut out for us.  But we will stay with the Wizard and end up well in the end.

I wish all of you a Happy Easter and Passover and Happy Trading.

Gene Stunkel

The Creator of the Wizard

We still do not have a confirmation to enter this market for the long term investment.

This has been a typical bear rally that has gotten everyone excited, but we still do not have a confirmation to enter this market for the long term investment.  I know many of you have been taking the double greens of of the short term signals against the long term market and have been making some handsome profits.  This is a place to be careful and lock some of those profits in, if you are long the markets.

The Nazdaq has  been leading the charge and many of the tech stocks have been responding quite well. The BSG Trend which represents all of the 8900 stocks in our system (many which are under $2.00) has turned double green but as you see the Dow and the S&P still have not turned double green.  The S&P is the long term  market indicator for the Wizard and that is what we will use for confirmation of the Buy signal.

You can see that we are still not confirming by checking how many long and shorts we have in the daily and weekly scans. The weekly shorts are still in control at this time, However, the daily longs are aggressively high.   You can also do a scan on the pre- buys against the pre-sells and get a feeling for the immediate market direction.

Maybe higher, but probably lower

The S&P could still climb to the 900 area,  but I am suspect of that because of the Dow and the S&P holding to the Long term sell signals.  As I said in an earlier blog,  I still think we are going to test the lows and probably go lower.  However, we trade what the market gives us not what we think.

How do I enter a stock that I missed?

I have answered this question many times recently. How do I enter a stock that I missed on the Short term Pre-Buy or Pre-sell and it is doing very well?  This is very simple to do.  Simply do a scan on the stock by searching the Weekly for pre-sell or pre-buys.  To do this you use the search for symbol tab.  You can put as many symbols in as you like if you separate the symbols with a comma.  You then take the entry from the weekly signal and in a bear rally you use the stop from the daily signal.  You always need to take profits fast  and keep the tighter stop in place in bear market rallies.

Basics of the Wizard WEBINARS

For many of you who are using the Wizard for the first time,  I would encourage you to view the pre-recorded webinars or attend the live webinars every Tuesday and Thursday.  This will give you the basics of the Wizard  that you can repeat as often as you like. There is no charge for the recordings or the Live Webinars.

We wish you all great trading.

Gene Stunkel

Creator of the Wizard

Take a look at he blog on the 18th of January and see what the signals were telling us to do. In case you have not seen the blog, here is an excerpt: (or go to the blog archive)

It pays to be patient

Over the past couple of months, we talked about how the market would eventually pick a direction, either up or down. This Friday, it looks like the market may have done just that. While we don’t know how long or far the market may drop, we must follow our rules. When the Wizard’s MarketTrends give us a direction, we must follow our strategies and take new trades – always in the direction of the trend, of course.

I believe the market will likely take out the lows it made back in November. But given the current environment, it’s possible that the market could fall as low as 5,000 or 6,000 on the Dow. Will this actually happen? Nobody knows, which is why it’s important to follow our MarketTrends signals -so that you’re positioned on the right side of the market, no matter what it does.

So what now?

Now is the time to do one of two things. We’ll explain both options in detail:

1. Look for short trades

2. Go to 100% cash.

Well the market can’t look much worse than it is at the present, but I think there is a lot more downside to come.  We should not be taking any long trades at this point unless you have double greens.  Then make sure the industry is with you in the long term or you should take a pass on the trade.

If you take any of the shorts that are double reds,  I would make sure they are over $10.00 stocks or I would take a pass on the shorts.  Shorting stocks over $20.00 would be much better.

We will find a bottom and when we do we will get a bounce.  It has not happened yet and we will wait until the signal says to buy.

I am waitiing for some Weekly Pre-Buy signals in the ETF Bond Funds and also waiting for another entry into Gold.  Other than the shorts in  which you have positions ,  stay in cash and be patient.

Advanced  Webinars

I am going to be announcing some Advance Webinars that I will be giving soon.  I will show you how I break down the signals and what the sectors and industries are,  that I am looking for during these times.  There will be a charge for these seminars and they will be limited to 50 subsribers. There will be one on stocks and one on futures and forex.

Basic Webinars

In the meantime we are presenting the basics of the Wzard every Tuesday and Thursday evenings. There is no charge for the Basic Webinars.  If you are new to the Wizard, the Basic Webinar is a good place to start.  The Wizard has a lot of information that can be very beneficial to your trading and we will show you how to locate it.  We will show you how to always stay in highly probable trades by following the trend.

If we can help you in any way please contact us through support that is  located on the home page.

Gene Stunkel

Creator of the Wizard