Category: The Wagner Daily – Archives

Along with $SMCI and $MEDP, $TMDX is another top stock on our watchlist.

Note its relative strength since the gap up with the price action setting a higher low above the rising 50-day MA in an ugly market. The relative strength line is also near the high.

No setup here, just monitoring the action for now.

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.

$CELH is in play potentially over the two-day high.

$MOD is a pretty good example of what we have seen over the past few months. A beautiful setup that triggered on strong price and volume action. Only to give back the entire gain and more the following day.

$ARRY is holding up after a false breakout and $ENPH closed with a bullish reversal candle on volume at its 50-day MA. A positive sign.

$SLB closed out last week’s trading with a bullish reversal candle that could create a higher low. Not an official setup… just keeping an eye on the action for now.

$RBLX – a day or two of tight-ranged chop from here would create a short setup.

$ANET failed a breakout attempt above the base high and its last surge up stalled at the prior high.  A few weeks of chop would be ideal here to produce a higher low.  

We are still long a small position in $GFS, which we plan to hold through a potential pullback following Tuesday’s failed gap up. 

$TMDX found support at the 20-day EMA after a false breakout. One could look to enter on strength such as an hourly downtrend line break.