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Stock pick video for March 27, 2012 ($BIIB, $TBT, $ELX, $ROYL)

March 27, 2012

For detailed entry and exit points of the stocks discussed in the video, become a subscriber of The Wagner Daily newsletter at MorpheusTrading.com.

Wagner Daily Lite – The Small Cap Russell 2000 Rips Higher $UWM, $IWM, $EPU

March 27, 2012

Monday was a good day for Wall Street. Stocks gapped up at the open and never looked back. By the closing bell all five major indices closed more than 1% higher and near session highs. For a second consecutive day the small-cap Russell 2000 led the advance, as it claimed a 2.0% gain. The Nasdaq finished a close second as it improved by 1.8%. Both the S&P 500 and the S&P MidCap 400 added 1.4%, while the Dow Jones Industrial Average tacked on 1.2%. Of the 104 sectors that we track, only coal ended the day lower. Insurance, healthcare and heavy construction were the day’s big winners as each closed higher by 2.5% or more

Market internals were decidedly bullish on Monday. Volume on the Nasdaq was up by 14.0% and on the NYSE by 1.0%. Advancing volume overpowered declining volume by a ratio of 6.1 to 1 on the NYSE and 4.2 to 1 on the Nasdaq. Based on yesterday’s strong price action, higher volume and higher advancing volume, we would characterize the day as an accumulation day for both indices.

Yesterday, on a burst in volume, the iShares MSCI Taiwan Index Fund (EWT) undercut its 20-day MA and recovered to close at session highs. A move above the two day high of $13.54 could provide a buy entry trigger in this ETF. We are monitoring the setup closely for a possible long entry.


Since setting a swing high on March 19th, the iShares Dow Jones Real Estate Index Trust (IYR) has pulled back and held support at its 20-day EMA. On two of the last three sessions, IYR has undercut the 20-day EMA. This price action serves to “shake” weak hands out of the trade and sweep poorly placed stops. If IYR can find its way back above the three day high of $62.06, it could present a buying opportunity in this ETF.

The commentary above is a partial excerpt from The Wagner Daily, our nightly stock and ETF swing trading newsletter. Subscribing members additionally receive specific entry and exit prices for all swing trade setups, more technical market commentary, annotated ETF and stock charts, and access to our Live Trading Room. Click here to become a member for less than $2 per day (based on annual subscription). Your full satisfaction is guaranteed.

Wagner Daily Lite – Bullish Reversal on Friday ($SOXL) ($UGA) ($USO) ($EPU)

March 26, 2012

Stocks reversed sharply off their lows on Friday to close near session highs. All five major indices ended the day up. The small-cap Russell 2000 added 1.1% while the S&P MidCap 400 posted a 0.6% gain. Both the Dow Jones Industrial Average and the S&P 500 improved by 0.3%, while the Nasdaq tacked on 0.2%. Precious metals, oil services and transportation were big winners yesterday. Sectors that underperformed included footware, clothing & accessories and home construction.

Market internals were mixed on Friday. Volume slid by 5.3% on the Nasdaq and 6.0% on the NYSE. Advancing volume topped declining volume on the NYSE by 2.6 to 1 and on the Nasdaq by 1.1 to 1. Although neither the NYSE nor the Nasdaq posted an accumulation or distribution day, the price action was bullish on Friday.

Yesterday, on an uptick in volume, the Direxion Daily Semiconductor 3x Bull ETF (SOXL) formed its second consecutive reversal candle as it held support of the 10-day MA. A volume assisted move above the two day high of $43.32 could present a buying opportunity in this ETF.

The commentary above is a partial excerpt from The Wagner Daily, our nightly stock and ETF swing trading newsletter. Subscribing members additionally receive specific entry and exit prices for all swing trade setups, more technical market commentary, annotated ETF and stock charts, and access to our Live Trading Room. Click here to become a member for less than $2 per day (based on annual subscription). Your full satisfaction is guaranteed.

Stock pick video for March 26, 2012 ($BIIB $UGA, $MANH) $$

March 26, 2012

For detailed entry and exit points of the stocks discussed in the video, become a subscriber of The Wagner Daily newsletter at MorpheusTrading.com.

Swing trading strategy – the relative strength breakout (video 1 of 3)

March 25, 2012

On February 20, 2012, Deron Wagner presented a workshop at the New York Traders Expo, in which he discussed his general swing trading strategy. While at the expo, he was interviewed by MoneyShow.com regarding the three main types of trade setups he takes (relative strength breakout, pullbacks, and trend reversals). In this video, Wagner discusses the Relative Strength Breakout play in a short (less than 3 minutes) video:

http://tinyurl.com/7hemu6a

Video interviews of the “pullback” and “trend reversal” strategies will be released on this blog in the coming weeks.  As always, all comments, questions, feedback, and social sharing is welcome.

Enjoy!

Deron

US stock pick video for March 23, 2012 ($MA, $VFC, $KTCC)

March 23, 2012

For detailed entry and exit points of the stocks discussed in the video, become a subscriber of The Wagner Daily newsletter at MorpheusTrading.com.

Wagner Daily Lite – Gas ETF ($UGA) Setting Up for a Breakout Buy

March 23, 2012

NYSE Posts Second Consecutive Distribution Day ($UGA) ($XLI) – The Wagner Daily


Stocks closed lower across the board on Thursday on mixed trade. All five major indices closed in the red. The S&P MidCap 400 led the decline as it slid 1.1%. The small-cap Russell 2000 dropped 1.0%, while the S&P 500, Dow Jones Industrial Average and Nasdaq slid 0.7%, 0.6% and 0.4% respectively. Only twenty of the 103 sectors that we cover finished up on the day and only one sector closed more than one percent higher. The weakest sectors included coal, transportation, insurance and non ferrous metals.


Market internals once again ended the day mixed. Traded quickened on the NYSE by 6.8% but fell on the Nasdaq by 2.0%. Declining volume overpowered advancing volume on the NYSE by a ratio of 5.8 to 1. The damage was not as bad on the Nasdaq as declining volume topped advancing volume by just over 2 to 1. For the second time in as many days, the NYSE fell under distribution. However, the Nasdaq once again escaped a distribution day due to the light volume on the technology rich index.


Yesterday, on a significant uptick in volume, the S&P Select Industrial SPDR Fund (XLI) formed a reversal candle as it undercut support of the 50-day MA. A move above yesterday’s high of $37.25 could present a buy entry trigger for XLI. We will be monitoring this setup closely for a possible long entry.


Earlier this week we stated that UGA was showing relative strength as it consolidated along its 20-day EMA. Further we noted that UGA was setting a sequence of higher lows during this consolidation. It is also noteworthy that UGA has been consolidating as volume is contracting. This is generally considered a bullish signal. Yesterday, UGA once again tested and held support at its 20-day EMA. We like the price action and relative strength in this ETF and are therefore placing it on the watchlist. Trade details are available to our subscribers in the watchlist section of the newsletter.

The commentary above is a partial excerpt from The Wagner Daily, our nightly stock and ETF swing trading newsletter. Subscribing members additionally receive specific entry and exit prices for all swing trade setups, more technical market commentary, annotated ETF and stock charts,and access to our Live Trading Room. Click here to become a member for less than $2 per day (based on annual subscription). Your full satisfaction is guaranteed.

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