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).
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!
|quick jump to:today’s watchlistopen & closed positionsmarket commentary||resources:subscriber guideour trading strategyblog||handy links:live mentorship room (members login)|
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.
- $CRWD, $ETSY, and $FUTU stops triggered.
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%.
$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
- Watching – $ASO $SWAV $OZON $NARI $FOUR $ALGN $TSLA $NVDA
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.