The Wagner Daily – June 8, 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):
closed positions:
position notes:
- Per intraday alert, bought $ZS and $LESL.
The Nasdaq Composite set a higher high (within the base) and took out the prior swing high from 5/7. Both positive signs for this index which is now gaining momentum.
There are three new official setups for Tuesday’s session.
$SNAP and $SE are consolidating in a tight range above the rising 10-day EMA.
$LSPD has tightened up the past few weeks and is potentially in play on a breakout over the three-week high.
Per intraday alert, bought $ZS and added to $LESL. $LESL announced a secondary offering after Monday’s close and was 5-6% lower in after-hours trading. Note that we have split stops for the 4% and 6% buys.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- $TGH – buy at 34.26
- $CRIS – buy at 150.15
- $DV – buy at 36.10
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