The Wagner Daily – $PCTY: Bullish Reversal and Strong Relative Strength

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The Wagner Daily – September 19, 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 (markets back below 20 & 50-day MAs   

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:

  • No trades.


The S&P 500 broke its uptrend line and set a lower low last Friday before bouncing into the close. While the bullish reversal does leave the door open for a possible undercut and rally scenario, it may be tough for the S&P 500 to move one way or the other prior to this Wednesday’s Fed meeting.

sp 500 futures daily

 $TSLA has formed a 5-week long and 15% deep basing pattern after a 50% rally off the lows.  The RS line cleared its downtrend and set a higher high.   

TSLA weekly

$PCTY closed with a bullish reversal candle after undercutting the 20-day ema and closing in the top 20% of the day’s range. The relative strength line broke out and set a new high well ahead of price. The unofficial entry is over last Friday’s high.


There are no new official setups for Monday. Stocks we are just monitoring: $EVH $ENPH $CELH $GTLB $SWAV $PCTY $TSLA $WOLF $HQY $PRVA $PI $ON $WOLF

Unofficial Setups –

  • Longs – $SWAV on pullback to 10-week ma (around $265) , $PCTY over last Friday’s high
  • Shorts – none

See you in the chat room,


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