Category: The Wagner Daily – Archives

$ARRY exploded higher in late July and early August with a few big volume gap ups. Tuesday’s pullback was the first touch of the 20-day EMA in a strong new uptrend.

Our entry is over the high of the reversal candle.

Natural Gas ETF $UNG showed relative strength on Monday by breaking out above range highs. $OVV is a natural gas stock that is in play over the three-day high.

Note the price swings tightening up from left to right as well.

This IS an official setup.

$CELH (along with $ENPH and $SWAV) is a must-own after an explosive move off the lows and shallow 16% correction. Waiting for some sort of reversal candle to print after a shakeout below the 20-day EMA.

$TSLA looks to be forming a handle as it moves up the right side of its base. Look for the 20-day EMA to provide support.

$AAPL, which carries the biggest weighting in the Nasdaq 100 and S&P 500 has rallied into a ton of overhead.  The daily chart is extended after a big run-up and possibly vulnerable to a selloff.  

Stocks continue to push higher with the hourly charts of most major averages still in trend mode above a rising 20-period EMA. We expect prices to push higher until there is a break of the 20-period EMA and a failed attempt to reclaim the average.

$TSLA reclaimed its 200-day MA on a pick-up in volume.  We have a buy limit order to enter on weakness, looking for a test of the 8/8 high. If there is no pullback, then we may enter on strength above the swing high via an intraday alert.

$NBIX and $VRTX are both in pullback mode and could be in play over last Friday’s high.

$PWR is in pretty good shape, but if market conditions deteriorate further we may be forced to cut some exposure.

First up is an add to an existing position in $EVH over the high of Wednesday’s reversal candle, which was the second reversal in day in a row.