The Wagner Daily – July 13, 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.
- No trades triggered.
Growth lagged on Monday with $IWP giving back -0.35% but it still within 1% of its 52-week high.
There is one new official setup for Tuesday’s session in $UPWK.
There are two buy-stop orders. The first is over Monday’s high and the add is over the handle high.
If the setup triggers, then we will sell $SHOP immediately at the market to avoid adding more exposure.
$AMZN is in chop mode right now but should be monitored for a pullback entry. One could set a buy limit order at/near the 10-day EMA wherever the average opens on Tuesday morning. The stop should be about 2% below the entry. This is not an official setup for now.
$DLO is not an official setup but is in play for a quick swing trade on a move through the two-day high looking for the price to hold Monday’s low and the 10-day EMA.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- $DLO – buy at 52.10 (move out from pullback to 10ema)
- $NTLA – buy at 160.00 (move out from pullback to 10ema)
- $AMZN – buy limit around 3638.00 (pullback to 10ema)
Other stocks to watch – $COIN $PGNY $ROKU $LSPD $FRHC $RH
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