The Wagner Daily – S&P 500 holds rising EMA

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$ 500 daily

The Wagner Daily – May 10, 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 sell

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:


position notes:

  • $XOP added to the portfolio (see intraday alert).


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The S&P 500 remains the leading broad-based index after holding support of the rising 20-day EMA last week (as did $DIA). Current leadership is solid, with financials, retail, building-related, and commodity-based stocks setting new highs.

$ 500 daily

The Nasdaq lacks leadership right now as growth has been out of favor for a few months. Could be in chop mode for a while.

$ Nasdaq comp

$XOP was added to the model portfolio last Frida to increase exposure in energy related stocks. Looking for the price to follow through to the upside during the next few weeks.

$XOP daily

The model portfolio is still long $KSS which has formed a fairly tight trading range on lighter volume after bouncing off the 50ma on volume.

$KSS daily

Prior to last week’s move through resistance, $URBN had formed a tight trading range above the 50-day MA.   The correction was only 18% off the high.  A break of the two-day high could spark the next wave up.

Not an official trade setup

$urbn daily

$THO setting up for a potential breakout entry over the high of the handle after last week’s failed breakout attempt.

$THO daily

There are no new official setups for Monday’s session.

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

  • $THO – buy at 148.80
  • $BLMN – buy at 30.76
  • $SEAS – buy at 54.92

Other stocks to monitor for pullback or breakout: $HZO, $IRSG $CSTM $SQM $CZR

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.

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