The Wagner Daily – $AMD to Hold Support and Eventually Turn Higher.

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The Wagner Daily – September 3, 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  AddAnchor

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:

  • No trades triggered.

Commentary:

No video tonight, but the weekly video will be back next Thursday.

Note that US markets will be closed on Monday, September 6.

Small and midcap growth ETFs $IWO and $IWP outperformed $SPY and $QQQ on Thursday with gains of +0.9% and +0.7% respectively. If conditions for growth continue to improve, then we should see plenty of new setups emerge during the next few weeks.

There are no new official setups for Friday’s session.Add

$SBLK is in play unofficially on a breakout above range highs.

$sblk daily

Look for $AMD to hold support from the 10-day EMA and eventually turn higher.

$AMD daily

$SONO is in play unofficially over the short-term downtrend line with an add over the handle high.

$SONO daily

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

  • $SONO – buy at 41.63 
  • $SBLK – buy at 25.30
  • $DASH – buy at 194.00 for a swing
  • Others to watch:  $AFRM  $HOOD $DDOG $CFLT $AMD $NVDA  

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