The Wagner Daily – Market Push Continues: Trend Above 20-Day EMA

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UNG daily

The Wagner Daily – August 17, 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 watchlistAdd

position notes:

  • $UNG buy stops triggered.
  • $TSLA buy limit triggered. Per intraday alert, reduced size in $TSLA to 1/4 position.


Stocks continue to push higher with the hourly charts of most major averages still in trend mode above a rising 20-period EMA. We expect prices to push higher until there is a break of the 20-period EMA and a failed attempt to reclaim the average.

UNG daily

The Nasdaq Composite and S&P 500 are already at or closing in on resistance from the declining 200-day (daily) or 40-week MA (weekly),  along with the 50% and 61.8% fibo levels. The above makes for quite a bit of resistance to work through without a correction at some point. Whether that correction begins this week or after a few weeks of trading above the 200-day MA, we don’t know (anything can happen). 

Nasdaq comp weekly
spx  weekly

There are no new setups for Wednesday’s session, but if anything catches our eye intraday we will send out an alert.

Can $ENPH hold the 8-day EMA and push higher, or will the price pull back to the 20-day EMA?

ENPH daily

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

  •  Longs – $ON $DQ $PCTY $SHLS
  •  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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