Category: The Wagner Daily – Archives

$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.

The S&P 500 stalled at the 20-day EMA and closed near the open to form a doji candle. A doji is a sign of indecision. If the price opens higher on Thursday and holds, then we could see a short-term bounce. A weak open could spark further selling and a test of the 50-day MA.

$SMCI is tops on our watchlist, but we are waiting for a 2-3 week pause that holds up around the 20-day EMA.

$GFS has seen 3 inside days in a row following last Wednesday’s wide-ranged reversal candle. We are looking for the price action to reclaim the 20-day EMA within the next day or two. If we were not already long, and the market pushes higher, this would be one to watch for an entry on a move through the 20-day EMA.

We bought $TMDX due to the price swings tightening up from left to right on the daily chart below following the gap. Our entry comes two days after the initial breakout buy around 61.30. We paid up a bit, but still have a decent entry with a stop below the rising 20-day EMA.

$HRMY is potentially in play on strength above range highs (not including the high of the false breakout) or on weakness (pullback near rising 8ema). This is not an official setup.

There are two new official setups for Thursday.

First up is an add in $ARRY over the high of Wednesday’s bullish reversal candle.  Per intraday alert, we bought partial size late Wednesday afternoon based on the reversal action.

$ARRY is in pullback mode after a false breakout about the handle.  A touch of the 20-day EMA would be the first since the price reclaimed the 50-day MA.

On the short side, $MOS put in a bearish outside candle after stalling at the declining 50-day MA and is in play below Monday’s low as an unofficial setup.

$ENPH is potentially in play as a base breakout above the two-day high.