The Wagner Daily – August 23, 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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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.
- Stopped out of half of $PWR.
- Per intraday alert, bought $ENPH and $CELH off the 20ema.
The Nasdaq Composite sliced through the 20-day EMA on its way to a -2.6% loss. The 20-day EMA is our line in the sand for measuring bull market action. Above strong, below weak. Unless the Nasdaq can reclaim the 20-day EMA within the next day or two, the timing model will likely shift into sell mode.
Despite the weak market, several leading stocks on our list held up well. CELH, $ENPH, $ALB, $PRVA, $EVH, and $LTHM are a few.
Per intraday alert, we bought leading stocks $CELH and $ENPH on the open after a bullish reversal back through the 20-day EMA.
Natural Gas ETF $UNG showed relative strength on Monday by breaking out above range highs. $OVV is a natural gas stock that is in play over the three-day high.
Note the price swings tightening up from left to right as well.
This IS an official setup.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- Longs – watching $OVV $WOLF $FANG $USO $ENPH $LTHM $ARRY
- 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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