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  Add

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):

open 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.

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

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

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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