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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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.
- Per intraday alert, sold the add in $UPST for a small gain.
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.
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.
The 10-day EMA in $NVDA is catching up to our entry price and should provide support.
$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).
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
- Wathing $SE $ASAN $CLF $NOG $AMAT $SNAP $CRWD $ZS $HAYW
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