The Wagner Daily – Price Support: S&P 500

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The Wagner Daily – April 30, 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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The Wagner Daily – April 30, 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:live mentorship room (members login)

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:

  • Per intraday alert, stopped or sold out of all positions except $CPE.


The video below replaces the written commentary portion of today’s report.  If the video does not appear or does not play then use the following link to view directly in

By selling out of all but one position on Thursday, we were able to hit the reset button in the model portfolio and start from scratch. We had too much exposure to growth names that weren’t moving as expected off support or failed recent breakout attemts.

With growth still on break, our scans are focused on non-growth names trading in a tight range within 15% of a 52-week high. We are still looking for quality basing patterns as we did with $CPE, but earnings will not factor into stock selection.

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

  • $LRCX – buy at 650.00 (earnings out of the way unlike $AMAT)
  • $KSS – buy at 61.45Watching – $WAL $HOMB $UNFI $JWN $ULTA $DAC

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