The Wagner Daily – ENPH Buy Stop: Tight Inside Day

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ENPH daily

The Wagner Daily – November 30, 2021

Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).

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MTG Market Timing Model – SELL (  

Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&P 500 or Nasdaq Composite.

today’s watchlist (potential trade entries):

$todays watchlist

open positions:

$open positions

closed positions:

$closed positions

position notes:

  • No trades triggered.

Commentary:

Monday’s response to last Friday’s selling was a positive one led by strength in semiconductors ($SMH +4%) and tech ($XLK +2.5% and $QQQ +2.2%).

The Nasdaq Composite closed above the prior day’s high and reclaimed the 20-day EMA on a pick-up in volume. Our timing model remains on a sell but could be back in buy mode within the next few days if the price holds the 20-day EMA and pushes higher.

Nasdaq Composite daily

There are two new buy setups for Tuesday.

$PSTG followed through on last week’s gap up with a close above the gap-up day high on heavy volume. There are two setups on the watchlist, a buy stop over the two-day high and a buy limit on slight weakness. Whichever setup triggers first is the official trade (cancel the other). For those unable to place such an order, go with the buy stop only.

PSTG daily

$ENPH closed back above the 10-day EMA with a tight-ranged inside day on Monday. The two-day high is our buy stop entry to add back the shares we recently sold into strength.

ENPH daily

Unofficial Setups – For experienced traders only, no guidance is given for these setups.

  • $TTD –  buy at 108.60 (look for price to hold 10ema)
  • $PLUG – buy at 41.85
  • watching $MARA $LI $XPEV $RKLB $BITF $MARA $SKIN $TSLA 

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