Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).
Subscribe now for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record.
Just drop us a comment with any questions or comments–we’d love to hear from you!
MTG Market Timing Model – Buy (based on S&P 500 reclaiming the 20-day EMA)
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:
position notes:
Commentary:
There are no new official setups ahead of Thursday morning’s CPI report at 8:30 am EST.
The daily chart of the S&P 500 futures contract has run into the resistance of the 200-day MA and is just below the longer-term downtrend line.
Breadth has improved during the current rally with the number of stocks setting new 52-week highs outpacing 52-week lows for the seventh day in a row.
We are monitoring a few charts below for a buy entry. These setups are not official.
Watching for a pullback to the 8-day EMA.
$PTEN cleared its downtrend line and is finding support at the rising 8 and 20-day EMAs. Look for a move over the three-day high as the trigger which would also reclaim the 50-day MA.
Monitoring $PODD for a possible downtrend line break this week or next.
Unofficial Setups
See you in the chat room,
Rick
Click here to view this week’s watchlist in google sheets
Start my Wagner Daily membership now to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. The Wagner Daily PRO includes live swing trader room for daily, real-time trade ideas and powerful stock trading education.
You know your trading rules. You've written them down. You even follow them in practice. Then the market opens, and…
Most traders would have sold Micron ($MU) at +20%. Some would have panic-sold when it pulled back to the 8-day…
Crude oil dropped sharply after the Iran ceasefire was announced, and most traders were glued to the headlines trying to…
Three weeks before this post, we moved to 100% cash right before the NASDAQ dropped 8.5%. Most traders either tried…
As Bitcoin breaks through critical resistance levels, seasoned traders are eyeing both opportunities and warning signs in today's volatile crypto…
While most investors are running for the exits, savvy traders are quietly building watchlists of stocks showing remarkable resilience. These…