Here are two potential breakout setups we are monitoring this week: We are already long Staar Surgical ($STAA) in the Wagner Daily but the price action has tightened up nicely. Celgene ($CELG) is also trading in a tight range at the highs:

Stocks eased modestly on Monday, on very light trade. The major indices chopped around in a tight range for the entire day and eventually closed just below session highs. The small-cap Russell 2000 fell 0.3%, while the Nasdaq, DJIA and S&P MidCap 400 each shed 0.1%. The S&P 500 demonstrated the most relative strength yesterday, […]

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Since 2004, the MTG Stalk Sheet and Wagner Daily ETF and stock newsletter have been separate services, the former focused on individual stocks and the latter focused on ETFs. Initially, there were two reasons for the separate services. First, there was a limited number of ETFs available for trading back in 2004, compared to the approximately 1,000 ETFs that […]

We have just updated the stats on our website to reflect all stock and ETF swing trades through the end of January 2012. The sum of all ETF trades gained 3.77% for the month, while our stock trades gained 4.2%. These returns are based on our model trading account size of $50,000. However, many of […]

Shortly after the market opened on February 1, we sent an Intraday Trade Alert to subscribers of The Wagner Daily, notifying them of our swing trade buy entry into Direxion Shares Semiconductor 3x Bull ETF ($SOXL) after the opening gap higher and slight pullback. Later that afternoon, this blog post explained our buy entry at […]

Wall Street was smiling last Friday, as stocks ripped higher and the Nasdaq Composite claimed an 11 year high. All five major indices posted impressive gains, with the small-cap Russell 2000 leading the march higher, to a 2.2% gain. Both the Nasdaq and S&P MidCap 400 indices tacked on 1.6% while S&P 500 surged 1.5%. […]

Stocks traded mixed on Thursday as trade waned. For the eleventh consecutive day, both the S&P 500 and the DJIA have consolidated in a tight range, as the Nasdaq, Russell 2000 and the S&P MidCap 400 have set fresh highs. The market has thus far, been reluctant to pull back. Both the small-cap Russell 2000 […]