Author: Deron Wagner

PowerShares Agriculture Fund (DBA) reversing downtrend – The Wagner Daily       A choppy, range-bound session of trading last Friday capped a negative week of trading, as the major indices finished the day...

U.S. Oil Fund (USO) resuming its dominant downtrend – The Wagner Daily       Following through on the prior day’s weakness, stocks sold off sharply during the first hour of trading with the major...

  Monday’s bearish, intraday reversal picked up momentum yesterday, as selling intensified across the board. Stocks opened slightly higher, drifted in a sideways range throughout most of the day, then again plunged...

On June 21, we sold THD into strength of the morning gap up at 49.00. We’ll continue to monitor THD for a low-risk entry point on a pullback due to its great relative strength vs. the S&P 500 (detailed on the weekly...

The major indices edged higher in a lethargic session last Friday, capping off a second week of gains on the rebound off the May lows. Stocks drifted higher in the morning, slipped back down in the afternoon, then closed near...

Broad based averages sold off 1% or more from the open during the first hour of trading and undercut the prior day’s low before finding support. Stocks then recovered through the early afternoon but were once again put...

Stocks followed up Tuesday’s breakout with an uneventful session of consolidation that caused the major indices to close near the flat line. Both the Nasdaq Composite and Dow Jones Industrial Average were unchanged. The...

Stocks gapped up on the open and never looked back, as the major averages steadily pushed higher the entire session to score impressive gains across the board. We typically see strong trend days occur when the majority of...

An encouraging morning turned into a disappointing afternoon yesterday, as the major indices surrendered earlier gains of more than 1% to close flat to slightly lower. After gapping higher on the open, stocks held in a range...

Gapping lower on the open, stocks got off to a negative start last Friday, but the bulls took advantage of early weakness, lifting the major indices back to unchanged levels within the first hour of trading. Thereafter, the...