We have a Buy in the Nasdaq and no conformation in the S&P, Dow and Russell
The markets are still very volatile and without much direction. The Nasdaq has shown some promise for a summer rally. We now have both long term and short term giving Buy signals for the Nasdaq. Although, we have short term Buy Signals on the other indices, we are still somewhat bearish on the long term. These are areas where you want to make sure the stops are obeyed and if you are turning bullish on the stocks you are in, you probably want to go to cash if you are not already there.
We have a few sectors that are giving Buy Signals and you might take a look for some pre-buys in these sectors. These are more aggressive trades, monitored on Daily Signals they can be profitable.
Below are the Sectors that are giving long term Buy Signals.
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We have put a few more additions into the Power Scans.
We have separated the PowerScans by the Indices
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PowerScan for the S&P 100
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You can now filter the PowerScans by the price and volume filters.
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We are working everyday to make the Wizard experience better for you.
Happy Fathers Day to all of the fathers.
Have a great week and God Bless.
Gene Stunkel
President and Creator of the Wizard
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