The Wagner Daily – Closed Trades: $IR and $NVDA

Enjoy this post? Share the love.

$SNAP daily

The Wagner Daily – April 28, 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!

The Wagner Daily – April 28, 2021
Proven swing trading strategy, top ETF & stock picks, and market timing model…since 2002

quick jump to:today’s watchlistopen & closed positionsmarket commentaryresources:subscriber guideour trading strategybloghandy links:

Market Timing Model – Buy (in S&P 500 & Nasdaq Composite)

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:

  • Per intraday alert, bought $HUBS.


image 67

With the addition of $CPE (buy limit) and $SNAP (bought via an intraday alert), the model portfolio is up to six long positions. Let’s see if some of these positions can follow through before adding more exposure.

We closed two trades in the model portfolio on Tuesday. $IR triggered a near break-even stop for a small loss. Per intraday alert, sold $NVDA for small -1.2% loss due to the lack of follow through from our entry.  Both losses totaled less than $70 on 50k, so very little harm done.

There are no new official setups for Wednesday. Please see today’s unofficial watchlist for some ideas.

As mentioned above, we bought $SNAP via an intraday alert as it took out the prior day’s high and created an engulfing candle-type look. However, the price weakened into the close. If Wednesday’s trading can hold above Tuesday’s close, then that would be a positive sign.

For those not already long buy stops can be placed above the 3-day high and at the handle high.

$SNAP daily

$CPE is perking up after several weeks of basing. $MTDR is also potentially in play above resistance. This is not an official setup.

$MTDR daily

$UNFI, like $CPE and $MTDR, has been in chop for a few months near the recent high. The 50-day MA caught up and provided support. A move through Tuesday’s high in the unofficial trigger.

$UNFI daily

If Semis see some buying, look for $AMAT and $ICHR to push higher. Financials $COWN $TIGR $LAZ and $FUTU are worth monitoring.

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

  • $SNAP buy at 63.30 and 66.01
  • $UNFI – buy at 36.18 and/or 36.92
  • $ICHR – buy at 60.70
  • $LPRO – buy at 38.77

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.

Enjoy this post? Share the love.

Please leave your comment below!

Your email address will not be published. Required fields are marked *