The Wagner Daily – $NBIX: A Potential Long-Term Investment Opportunity

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The Wagner Daily – January 4, 2023

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 (as of 12/15/22) due to a break of 20ema in the S&P 500

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 along with open and closed positions:

$todays watchlist 

position notes:

  • Per intraday alert, sold $SMCI just below breakeven for a very small loss due to the lack of follow-through from our entry and weak market conditions.


Tuesday’s failed gap up led to more chop, as stocks reversed lower in the morning but failed to follow through to the downside in the afternoon.

The S&P Midcap 400 (a leading index) stalled at resistance from the 50 and 200-day MAs. We continue to monitor the daily chart for clues such as a close above the 200-day MA that holds.

$sp 400  DAILY

Nasdaq 100 ETF $QQQ – Can the price reclaim the 8-day EMA? There is also resistance just above from the declining 20-day EMA.


Per the intraday alert, sold $SMCI just below breakeven for a very small loss and we are now back to a 100% cash position.

Several stocks on our internal watchlist were hit hard on Tuesday, with names like $FOUR and $TMDX both down at least -6%.

There are no new official setups for Wednesday’s session.

On the long side (just monitoring), $NBIX could be in play over the high of Tuesday’s reversal candle off the 50-day MA.


$DAL is one to watch on the short side after stalling at resistance from the 20-day EMA and downtrend line. A move


Unofficial Setups 

  • Longs – watching  $SMCI  $NBIX $CAT $CPRX
  • Shorts – $DAL – short bounce into 8-10 day MA (if there is one).



Click here to view this week’s watchlist in google sheets

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