The Wagner Daily – Adding to $ENPH: Range High Test Ahead

The Wagner Daily – September 9, 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:

• Per intraday alert, bought $WOLF.

Commentary:

The S&P 500 and Nasdaq Composite both gained +0.6%.   NYSE volume ticked higher while Nasdaq volume dropped off. 

Per intraday alert, $WOLF was added to the model portfolio following a downtrend line break.

There is one new official setup for Friday’s session.

We are adding to an existing position in $ENPH on slight weakness, looking for a possible test of the range high.

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

• Longs – $AXSM > 62.10 (downtrend line break), watching $NE $DVN $WOLF $STAA $HOLI $DOL $PFGC
• Shorts – none

See you in the chat room,

Rick 

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