The Wagner Daily – $FSLR: Watch on Bounce, Entry Near 50-day MA

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$FSLR daily

The Wagner Daily – October 17, 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  

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 watchlist 

position notes:

  • No trades triggered.


Stocks ended a volatile week of trading with a disappointing session, as broad market averages failed to follow through on last Thursday’s positive turnaround and lost the majority of their gains.

The Nasdaq Composite set a new closing low on the year. 

Unless the price can recover back above 10,600 within the next few days, it is likely headed lower.  If lower, then look for a touch or undercut of the trendline connecting swing lows as short-term support.  


The S&P 500 regained its prior low from June last Thursday, then closed below it the next day.

For the second time in a few weeks, price was rejected by the top trendline and declining 20-day EMA. As with the Nasdaq, if the price does not recover within the next day then it may be headed for another leg lower.

$SPX daily

In our last report, we highlighted the strength of energy names but many sold off with the broad market averages on Friday. Let’s see if $XLE is able to hold support and tighten up during the week.

$XLE daily

On the short side, former leading stock $FSLR is one to watch on a bounce for an entry closer to the 50-day MA.  If triggered, then the 50-day MA plus some wiggle room is the stop.

$FSLR daily

Our timing model has done an excellent job of keeping us safe lately. For intermediate-term trend traders, cash remains king. Aggressive traders can look for short setups in leadership stocks that are breaking down below support from the 20 or 50-day MAs,  such as $FSLR, $VRTX, or $CELH.

Unofficial Setups –

  • Longs – none (waiting for a clear buy signal)
  • Shorts – $FSLR (on a bounce closer to the 50ma)

See you in the chat room,


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