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 (but cautious)
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:
There isn’t much to report regarding the technical action on the daily charts of Nasdaq Composite, S&P 500, and $IWP. All three are trending higher above the rising 10 & 20-day EMAs with the 20-day EMA close by as support.
Growth stocks definitely picked up last week, but we need to see more follow through on recent breakouts before adding new long exposure.
Semiconductors are leading. $AMD, $NVDA, $KLAC, and a bunch more look good.
We still have live buy stop orders in place for $KLAC and $POWI.
We are already long $NVDA in the model portfolio.
Software stocks gapped higher but need to follow through.
$HUBS are $LSPD are buyable but not official setups.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
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