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Uranium ETF breaks out from tight base, joining other commodity ETFs

By Deron Wagner | March 4, 2014
The Wagner Daily

$URA blasted through the range high and 40-week MA on volume that was about 4x greater than the 10-week volume average, and closed near the highs of the week. The 10-week MA crossed above the 40-week MA as well, which signals that there is a bullish reversal of trend under way.

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Inside candlestick on $ONVO should lead to new high break out

By Deron Wagner | March 3, 2014
The Wagner Daily

$ONVO has formed a tight “inside” candlestick on the weekly chart, which positions the stock for a rally to new highs. We already own this stock and a move above the two-week high should send the price action to new highs in short order.

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Buying $AWAY on the pullback, after heavy volume breakout to new high

By Deron Wagner | February 28, 2014
The Wagner Daily

We have one new buy setup today in $AWAY, which is structured much like yesterday’s buy in $IRBT. $AWAY has great potential, as it recently gapped up to new all-time highs on heavy volume. If it can clear the recent high, then it will be trading with no resistance above (just blue skies).

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$ONVO breaking out on multiple time frames

By Deron Wagner | February 27, 2014
The Wagner Daily

Although $ONVO had a rough go of it in November of last year, it has had plenty of time to work off that ugly selling as evidenced by the dry up in volume. $ONVO is a potential breakout on multiple time frames, as a move above the current base high would also lead to a breakout to new all-time highs.

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Sold $WDAY Stock For 22% Gain, As $TSLA Rallies To 67% Gain

By Deron Wagner | February 26, 2014
The Wagner Daily

On the stock side, we closed out of the remaining half position in $WDAY for a +22% gain. Our short position in emerging markets triggered on Tuesday with (inverted ETF) $EDZ clearing $46. The price action followed through nicely and on a pick up in volume. We’d like to add to the position on short-term weakness (see trade details inside)

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Emerging Market ETF Setting Up For Short Entry Play ($EEM)

By Deron Wagner | February 25, 2014
The Wagner Daily

Emerging Markets ETF ($EEM) has rallied into resistance from a broken uptrend line and a declining 50-day MA. Tuesday’s price action stalled above 39.70 for the second time in two weeks. There is also resistance from a prior swing low in mid-January at $40.

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Pullback buy entry setup after high momentum breakout in iRobot- $IRBT

By Deron Wagner | February 24, 2014
The Wagner Daily

The weekly volume pattern looks very bullish since $IRBT reclaimed the 40-week MA (in orange) 10-weeks ago. Last week’s big volume breakout to new highs suggests that $IRBT is potentially ready to make a significant advance in 2015. We are looking for an entry on slight weakness to last week’s low.

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Looking For A Quick Break Out In Vanda Pharmaceutical ($VNDA)

By Deron Wagner | February 21, 2014
The Wagner Daily

$VNDA has formed a tight range after pushing through the 50-day MA on decent volume last week. The entry is over the two-day high, with a very tight stop, so it is basically a GONG setup. We use these type of stops when the stop below a swing low is just too far away for our liking.

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Selling Coffee ETN Into Strength After High Momentum Breakout ($JO)

By Deron Wagner | February 20, 2014
The Wagner Daily

Given the sharp rally off the lows in the market, a few days of consolidation would be welcomed here, as our scans have not produced much in the way of new buy entries the past few days. The market timing model remains in buy mode, and leadership stocks continue to hold up well.

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SolarCity Shares Break Out To New Highs Ahead Of Earnings ($SCTY)

By Deron Wagner | February 19, 2014
The Wagner Daily

$SCTY broke out ahead of earnings yesterday on big volume. We plan to hold through earnings with the current half position. On the stock side we could definitely use a few days of sideways action in the market to produce low risk entry points. There isn’t much to do in terms of new entries in core type setups, so we must be patient.

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