The Wagner Daily – $TSLA Reclaims 200-day MA: Buy on Weakness or Strength?

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The Wagner Daily – August 16, 2022

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   

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:

  • Stopped out of half of $GWW on the open. Per intraday alert, sold the remaining $GWW position for a 7% gain.
  • Stopped out of $EVH.


The Nasdaq Composite and S&P 500 remain in a strong uptrend with resistance just above from the 200-day MA.

There are two new official setups for Tuesday’s session.

The first is a downtrend line break in the natural gas ETF $UNG, which has formed a 9-week cup with handle pattern. The first entry is over the downtrend line and the second is over the handle high.

UNG daily

$TSLA reclaimed its 200-day MA on a pick-up in volume.  We have a buy limit order to enter on weakness, looking for a test of the 8/8 high. If there is no pullback, then we may enter on strength above the swing high via an intraday alert.

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

  •  Longs – $LYFT $OLLI $SMR $STKL $PTCT (entries over prior day’s high),  $PCTY (over swing high).
  •  Shorts –  

See you in the chat room,


These lists are a good starting point for monitoring the market’s health for those with limited time.

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