The Wizard Needs No Bailout
“No need to step in front of this train,” says CNBC’s Pete Najarian.
“I have no confidence buying stocks in this environment,” adds his colleague, Jeff Macke.
Buy? Who said anything about buy? But Mr. Najarian is right about one thing: there is no need to step in front of this train – when all you have to do is get on it and go for the ride.
While Congress may need a bailout, the Wizard subscribers could use a wheel barrel – to cart away all of the money the Wizard has made on its recent short trades. As you know, we here at the Wizard don’t follow the mantra of the many tv “experts” who argue with the market’s trend – all in the name of “investing for the long term”. Just as a sailor wouldn’t climb into a boat without knowing which way the wind was blowing, a trader should never get into the market without knowing which direction its trend was going. Fortunately, the Wizard always knows the market’s trend. And, in this case, it’s down – just as it’s been since we called it short on June 13th.
So how are we doing? See for yourself:
(For each of the scans below, we used the following criteria: Daily / Agressive / Very Bearish / Very Bearish / Filtered for short trades only.)
1. Scanning for short trades across all stocks: the Wizard racked up 1019 winners against just 43 losers.
(click image to enlarge)
2. The S&P 500: 264 winners against just 3 losers
(click image to enlarge)
3. The Nasdaq 100: The 100 was down over 10% today. But the Wizard batted 1.000 – 60 winners and no losers.
(click image to enlarge)
Certainly today was a unique day, and while the words “carnage”, “catastrophe” and “collapse” were being bandied about the media this afternoon, we here at the Wizard were using a different word: “ka-ching”.
As today has shown, when the trend changes, the Wizard gets you into the big moves – no matter what the direction is. Don’t have the Wizard yet? There’s no better time to find out what few people know – there’s no better way to trade the markets.
