The Wagner Daily – January 4, 2022
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 – Buy (though both SP 500 & Nasdaq are on standby for a sell signal)
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.
position notes:
- Per intraday alert, bought $AMAT, $AMD, and $TQQQ.
- Stopped out of $ANET for a 4% gain.
There was an issue with uploading charts to tonight’s report. All charts and graphics can be viewed on the google docs link below
link – https://docs.google.com/document/d/15PK8E87fQ6gdmIg35o1dq1-J1YBRLnEfwyeohsTvryE/edit?usp=sharing
Today’s official buy setup for those who can’t view the google document above.
Buy AMAT 3% position, entry 161.00, sell stop 156.59
After a short-term pullback, stocks reversed higher on Monday, with $QQQ, $SPY, and $XLK printing a bullish outside day on the daily chart. The outside day occurs when today’s low is lower than the prior day’s low and today’s high is greater than the prior day’s high, which can serve as the entry.
The bullish reversal action forced us into adding long exposure with buys in $AMAT, $AMD, and $TQQQ.
Rather than buy $QQQ, we bought the 3x leveraged $TQQQ for a swing.
(see charts)
$AMAT was also triggered by an outside day. We have a buy stop in place to add over Monday’s high.
(see charts)
$AMD triggered an entry (per intraday alert) over the prior day’s high as it reclaimed the 20-day EMA. Look for a break of the downtrend line as a shot to add. No official add yet.
(see charts)
Growth is still taking a beating for the most part with the exception of $TSLA.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- Other stocks to watch: $FRHC $PI $COST $ANET $SLAB $FFIV $AMAT $QCOM $MRVL
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