The Wagner Daily – Nasdaq on Buy Signal Amid Growth Participation

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$Nasdaq Comp  daily

The Wagner Daily – June 7, 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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MTG Market Timing Model – buy mode

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, sold the add in $UPST for a small gain.


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The Nasdaq Composite remains on a buy signal after reclaiming the 20-day and 50-day MAs last Friday. However, the buy signal isn’t ideal as cyclicals have outperformed growth, though grow is starting to participate.  

$Nasdaq Comp  daily

Per intraday alert, we sold the add in $UPST last Friday for a small gain due to ugly reversal action. If still long the full position, continue to hold with a stop beneath last Thursday’s low.

$UPST  daily

The 10-day EMA in $NVDA is catching up to our entry price and should provide support.

$NVDA  daily

$SNAP is not an official setup but worth mentioning as an example of looking for tight action near a rising moving average (for an entry).

$SNAP daily

There are no new official setups for Monday.

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

  • $PLBY – buy at 48.30
  • $UNFI – buy at $40

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