The Wagner Daily – March 30, 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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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.
- Stopped out of $SEDG and the add in $GFS. Note that we canceled the $SEDG buy stop to add.
Nasdaq Composite fought off some morning weakness and closed with a solid +1.8% gain on higher volume. Let’s see how the Nasdaq deals with resistance form the prior high and 200-day MA just above. Conditions are improving with both indexes (Nasdaq Composite & S&P 500) in lockout rally mode.
There are two new setups for Wednesday’s session.
First up is an add to $GFS over Tuesday’s high. $GFS closed with a bullish reversal candle after wiping out stops below the swing low. Our entry is over Tuesday’s high.
IBD numbers – RS 96, Comp 95, Acc/Dist A-, group rank 62 of 197
$AOSL has tightened up the past few days on light volume and is in play over the two-day high.
IBD numbers – RS 98, Comp 98, Acc/Dist B+, group rank 45 of 197
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- Longs – $MP 55.01, $AMR 130.80, $BRCC 20.30, $GFI 15.40
- Shorts –
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