The Wagner Daily – Crude Oil at a Crossroads: Will Oil and Gas Stocks Lead the Way Up or Down?

Enjoy this post? Share the love.


The Wagner Daily – December 28, 2022

Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).

Subscribe now for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record.

Just drop us a comment with any questions or comments–we’d love to hear from you!

MTG Market Timing Model –  Sell (as of Dec. 15) due to a break of 20ema in the S&P 500

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:

  • $SMCI buy-limit order triggered. 


The S&P 500 has chopped around in a tight range following last Thursday’s reversal candle.  A break of 3,800 would put pressure on the reversal.  A break of the reversal candle low would suggest further weakness.

$S&P 500

There are no new official setups for Wednesday. 

he model portfolio is long a small 1/3 position in $SMCI that triggered on Tuesday.  

In a better market, the daily chart of $MEDP would be an ideal setup for us on the long side based on a downtrend line break.

The third touch validated the trendline on Tuesday (all trendlines need at least 3 touches to be valid).  


Crude oil futures chart has run into resistance of its declining 10-week moving average. If price action reverses lower, then oil and gas stocks which continue to show leadership may have a tough time making much progress to the upside.


Solar ETF $TAN is also in trouble after Tuesday’s break of the 200-day MA. $ENPH broke its 50-day MA and $FSLR may soon follow.


$AAPL hit an obvious swing low on Tuesday and may soon be due for a bounce after a few weeks of selling. Best to wait for a bounce to establish a short entry.


Unofficial Setups 

  • Longs – $BOX $FOUR $MEDP
  • Shorts – $BAC $NTR $AAPL (on a bounce)


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

Start my Wagner Daily membership now to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. The Wagner Daily PRO includes live swing trader room for daily, real-time trade ideas and powerful stock trading education.

Enjoy this post? Share the love.

Please leave your comment below!

Your email address will not be published. Required fields are marked *