The Wagner Daily – September 7, 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 – SELL (Nasdaq & SP-500 below the 20ema)
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:
- no trades
The big 3,900 support level in the S&P 500 held all session long before rolling over in after-hours trading. As of this writing, the S&P 500 futures contract is trading -0.6% lower.
Market leadership took a bit of a hit on Tuesday, with many energy names breaking down below support.
Solar stocks remain strong with $ENPH leading the way.
$ARRY is another strong solar that has held up well.
Our short-term game plan is to just manage $ENPH and wait for conditions to improve before adding new exposure.
A few stocks we are monitoring are: $ENPH $ARRY $CELH $EE $CCJ $DVN $OXY $LNTH $PRVA $CNX $LTHM $CMG $EVH.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- Longs – none
- Shorts – none
See you in the chat room,
Rick
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