The Wagner Daily – Energy Names Slip, Solar Stocks Thrive

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:

position notes:

• no trades

Commentary:

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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