The Wagner Daily – Re-entering $PWR on Support Bounce

Enjoy this post? Share the love.

PWR comp daily

The Wagner Daily -August 02, 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 –  BUY   

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:

  • $GWW long triggered.
  • Per intraday alert, reduced $XBI to a 1/4 position with so many medical stocks reporting earnings this week.


In Monday’s report, we mentioned the Nasdaq Composite was extended from the 20-day EMA on the daily chart and could use a few days of sideways to lower price action. Tuesday’s doji candle suggests the bulls are losing steam and the Nasdaq may be vulnerable to further selling. Given the recent run-up, we expect any pullback to be short-lived and a buying opportunity provided that new setups develop. The above is not a prediction (just a guide) as we know that anything can happen.

There is one new official setup for Tuesday in $SEDG, along with another buy limit order in $ENPH.

$SEDG gapped higher on heavy volume and is in play on a pullback to the rising 8-day EMA. The price could continue to push higher without a pause, but we don’t want to chase the action.

SEDG daily

Per intraday alert, we re-entered $PWR after bouncing off support of the downtrend line and 8-day EMA.

PWR comp daily

Patiently waiting for new setups to emerge.

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

  •  Longs – $EDU >27.00 $CEG over 2-day high (strong breakout)
  •  Shorts –  

See you in the chatroom,


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 *