The Wagner Daily – Model portfolio 100% in cash after recent stop-outs

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$COMP daily

The Wagner Daily – April 21, 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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S&P 500 buy, Nasdaq Composite buy

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:

  • $CRWD, $ETSY, and $FUTU stops triggered.


image 73

After stopping out of $CRWD, $ETSY, and $FUTU, the model portfolio is 100% in cash. Recent breakout trades in $RBLX and $FUTU failed to follow through which was disappointing.

There isn’t much to do right now so it may be best to sit in cash for a few days. We will see what develops.

The Nasdaq Composite is tightening up from left to right on the daily chart, which is constructive action. Even if the price pulls back into the 50-day MA, it will only be a 4% swing, which is tighter than the last swing of 6%.

$COMP daily

$MSFT, $GOOGL, and $ORCL are a few of the big cap names leading the way.

Can $FB hold support from the 20-day EMA. Earnings are next week on 4/29 (verified date).


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

  • No setups

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