The Wagner Daily – $PTEN setting up for swing trade entry

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The Wagner Daily – January 12, 2023

Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).

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MTG Market Timing Model –  Buy (based on S&P 500 reclaiming the 20-day EMA)  

Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&P 500 or Nasdaq Composite.

today’s watchlist along with open and closed positions:

$todays watchlist 

position notes:

  • No trades triggered.


There are no new official setups ahead of Thursday morning’s CPI report at 8:30 am EST.  

The daily chart of the S&P 500 futures contract has run into the resistance of the 200-day MA and is just below the  longer-term downtrend line.  

$sp 500 futures DAILY

Breadth has improved during the current rally with the number of stocks setting new 52-week highs outpacing 52-week lows for the seventh day in a row. 

$breadth  DAILY

We are monitoring a few charts below for a buy entry.  These setups are not official.  

Watching for a pullback to the 8-day EMA.


$PTEN cleared its downtrend line and is finding support at the rising 8 and 20-day EMAs. Look for a move over the three-day high as the trigger which would also reclaim the 50-day MA.


Monitoring $PODD for a possible downtrend line break this week or next.


Unofficial Setups 

  • Longs –  $TGLS $JD $MRNA $MNST (reversal) $MGNI $BAND 
  • Shorts –  

See you in the chat room,


Click here to view this week’s watchlist in google sheets

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