In today’s stock market trading video, we point out the technical swing trade setups for potential buy (or short sale) entry in the following stocks and ETFs: $DUG, $MCHP, $HITK. Press the “play” button to view the video below: For our exact entry, stop, and target prices of the stocks discussed in the video (and more), […]
Recently, we entered a swing trade in ProShares UltraShort MSCI Emerging Markets ($EEV). Inversely correlated “short ETFs” such as EEV are designed to move in the opposite direction of their underlying index. This allows us to basically sell short the underlying index through buying (going long) the inverse ETF. In this case, buying EEV was […]
Equities closed lower on higher volume yesterday, but well off session lows. The major indices all gapped down at the open, “undercut” their April 23rd lows, then reversed to close near their intraday highs. In the May 2 issue of The Wagner Daily, and in this blog post of the same day, we stated this exact price […]
In today’s stock market trading video, we point out the technical swing trade setups for potential buy (or short sale) entry in the following stocks and ETFs: $EEV, $IWM, and $QQQ. Press the “play” button to view the video below: For our exact entry, stop, and target prices of the stocks discussed in the video (and […]
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For our exact entry, stop, and target prices of the stocks discussed in the video (and more), become a subscriber of our ETF and stock newsletter, The Wagner Daily (less than $2 per day based on annual subscription). Your satisfaction is guaranteed.
Now that we’ve seen heavy selling pressure in the broad market for the past two days, let’s do an updated review of key support levels on the S&P 500 Index ($SPX) and Nasdaq Composite ($COMPQ): Price action was horrible on the S&P 500 on Friday (May 4), as it gapped down, trended steadily lower intraday, […]
For our exact entry, stop, and target prices of the stocks discussed in the video (and more), become a subscriber of our ETF and stock newsletter, The Wagner Daily (less than $2 per day based on annual subscription). Your satisfaction is assured.
In our last blog post, Benefits of a rules-based trading system, we said the following: “On May 1 (Tuesday), the combination of heavy volume selling in the Nasdaq, bearish “stalling action” in the S&P 500, and a “distribution day” (higher volume selling) the prior day forced us to cut long exposure in our model swing trading […]
On May 1, heavy volume selling in the S&P 500 forced us to cut long exposure in our model portfolio from approximately 38% to 17% by the open on May 2. While we tried to give the current rally the benefit of the doubt on Wednesday, Thursday’s weak action pushed our market timing model into […]
