The Wagner Daily – $GFS among Strong Semiconductor Stocks, Buy Stop Triggered

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$SMH  daily

The Wagner Daily – December 12, 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 –  Buy mode from 10/21/22 signal date, but S&P 500 below 20-day ema which is a potential sell signal 

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:

  • Per intraday alert, sold $PI. 
  • $GFS buy stop triggered. 


Stocks failed to impress after a two-day bounce off the swing lows in the major averages.

The S&P 500 broke its uptrend line and closed below the 20-day EMA. 

Lower prices can be expected unless the price can retake the 20-day EMA this week. 

$S&P 500 daily The Nasdaq 100 is more of a chop fest on the daily.  Needs to reclaim the 20-day EMA within the next few days. 

$Nasdaq 100 daily

Energy ETF $XLE sliced through the 50-day MA and is likely headed for the 200-day MA.  Energy is no longer a leading industry group. 

$XLE  daily

Semiconductor ETF $SMH is one of a few sector or industry-based ETFs still trading above its 20-day EMA .

$SMH  daily

$GFS is one of the stronger semiconductor stocks along with $MTSI, $ON, and $ACLS.   Our buy stop was triggered last Friday.  Note the new split stops in the watchlist section above.

$SMH  daily

There are no new official or unofficial setups for Monday ahead of Tuesday’s CPI data and Wednesday’s Fed meeting.  Both reports can move the market and anything can happen.  

  • Longs –  just watching   $GFS, $PSN, $TMDX, 
  • Shorts – none 


Click here to view this week’s watchlist in google sheets

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