The Wagner Daily – Price Tightening, a Constructive Sign

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$DDOG weekly

The Wagner Daily – September 7, 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 (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):

$todays watchlist

open positions:

$open positions

closed positions:

$closed positions

position notes:

  • Per intraday alert, bought $DOCU due to positive reaction to earnings.


Money continues to flow back into growth after a summer full of chop for the majority of names we follow.

$IWP is just now breaking out and extending from the highs of its last base after seven months of chop.

$IWP daily

There are a handful of new setups on Tuesday’s watchlist.

First up is $DOCU, which blasted higher last Friday in reaction to earnings. Per intraday alert, we bought a small starter position on Friday and plan to add to the position over Friday’s high.

$DOCU daily

Adding to $DDOG over last week’s high. After a few stalls at $139, a move through $140 could spark the next wave up. We also like the price trading above the close of the gap-up day, as is the 10-day EMA.

$DDOG daily

The weekly chart clearly shows the price tightening up last week and trading within the prior week’s wick, a constructive sign.

$DDOG weekly

Buying $CRWD on weakness with a limit order based on last week’s bounce off the 10-day EMA. Look for $CRWD to work its way higher the next few weeks after breaking out to new highs.

 $CRWD dailyAdd

We are adding to $SNAP over Friday’s high based on the shakeout and close back above the 20-day EMA.

The price held the 10-week MA on a weekly chart and is now six weeks into a flat base-like pattern since the big volume gap up on 7/23.

$SNAP daily

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

  • $DLO – for active traders (in play over the 5-minute high if it opens at or above 70)
  • $AMD – buy at 113.37 (possibly ready to move out after a few weeks of chop) 
  • $GLBE – buy at 80.00 (over high of Friday’s inside day for a swing) 
  • $SQ – buy at 271.00 (starter entry based on reversal candle last Friday)
  • $SHOP – buy at 1568.20 (over high of Friday’s inside day) 
  • $SONO – cup with handle – buy over downtrend line at 41.63, add over handle high 42.68
  • others to watch $DAC $DKNG $SHLS $SBLK $ZI 

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