The Wagner Daily – Energy Sector Struggles

Enjoy this post? Share the love.

$XLE ddaily

The Wagner Daily – June 17, 2022

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

Subscribe now for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record.

Just drop us a comment with any questions or comments–we’d love to hear from you!

MTG Market Timing Model –  SELL

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 (potential trade entries):

$todays watchlist

open positions:

$open positions

closed positions:

$closed positions

position notes:

  • No trades triggered.


US markets will be closed on Monday, June 20. Our next report is for Tuesday (6/21) and will be sent out by 5pm EST on Monday.

Have a Happy and Safe Holiday Weekend!

Thursday’s ugly gap down erased the prior day’s gains and set a lower low on the daily charts of $SPY and $QQQ, which confirmed Wednesday’s high as a lower high. These charts are likely headed for another leg down.

$spy daily
$qqq daily

Energy leadership has been under distribution all week long with $XLE slicing through the 20 and 50-day moving averages on heavier than average volume.  This bear is beginning to show no mercy with leadership thinning out.    

$XLE ddaily

We were monitoring a handful of stocks for short-entries closer to the 20-day EMA, but that plan went out the window with Thursday’s selling which turned the rally attempt into a one-day bounce.

For those seeking short exposure, stocks breaking down below a trading range of at least 3-4 weeks long are in play. Protective stops on these setups should be no more than 3% from the entry.  

$TSLA and $NVDA are a few examples of potential range breaks.

A short entry closer to the 20-day EMA would have been ideal for $TSLA, but Thursday’s reversal closed near the lows of the range. Note that the 50-day MA crossed below the 200-day MA two weeks ago, a bearish intermediate-term sell signal.

$TSLA  daily

$NVDA is also in play on the short side beneath this week’s low after a failed breakdown attempt on Tuesday.

$NVDA  daily

The setups above are not official.

Just a reminder that Friday is quadruple options expiration, which can make for a volatile session.

Unofficial Setups – For experienced traders only, no guidance is given for these setups.

  •  Longs –
  •  Shorts – $TSLA $NVDA $AMZN below range lows, $MSTR $TWTR $GME – below yest. low

See you in the chat room,


This list is a good starting point for monitoring the health of the market for those who have limited time.

Start my Wagner Daily membership now to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. The Wagner Daily PRO includes live swing trader room for daily, real-time trade ideas and powerful stock trading education.

Enjoy this post? Share the love.

Please leave your comment below!

Your email address will not be published. Required fields are marked *