The Wagner Daily – May 6, 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)|
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):
- $FCX buy stop triggered
- $Bought $XEC.
$SPY still above the 20-day EMA is a positive sign.
Per intraday alert, bought the breakout above base highs in energy stock $XEC. If not already long, one could enter on weakness to the $69 – $69.50 area.
There is one new official setup for Thursday in $LESL.
$LESL has formed a cup with handle pattern and may soon be ready to clear the handle high.
A move through the three-day high could put $KSS into trend mode after a few months of consolidation. We are already long in the model portfolio.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- $WSM – buy at 177.00
- $URBN – buy at 38.80
- $RCII – buy at 61.55
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.