The Wagner Daily – Play Ready: $PRVA Set to Rise?

The Wagner Daily – September 12, 2022

Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).

Subscribe now for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record.

Just drop us a comment with any questions or comments–we’d love to hear from you!

---

MTG Market Timing Model –  BUY (based on Nasdaq follow-through day on Sept. 9)   

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 along with open and closed positions:

Add

position notes:

• Per intraday alert, $ENPH buy limit order triggered.

Commentary:

Last Friday’s 2% gain on higher volume in the Nasdaq Composite can be viewed as a follow-through day which triggers a buy signal in our market timing model. The Nasdaq closed at resistance from the 20ema, 50ma, and downtrend line all just above 12,000.  

A close above the 20-day ema by more than 1% would qualify as another buy signal.  A break of Friday’s low within the next few days would negate the follow-through day. 

The S&P 500 rallied on lighter volume, so no follow-through day.  However, a close of 1% or more above the 20-day EMA would generate a buy signal.  

Per last Friday’s commentary, the model portfolio added to $ENPH at $309.20.  The early selling was in reaction to a downgrade. 

There are no new official setups for Monday’s session.  We are monitoring a handful of stocks for a low-risk buy point.  

$CELH could be in play on a pullback to the rising 10-week moving average. 

$PRVA could be in play within the next few days especially if the price tightens up above the 20-day ema.   

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

• Longs – $ARRY $STAA
• Shorts – none

See you in the chat room,

Rick 

Start my Wagner Daily membership now to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. The Wagner Daily PRO includes live swing trader room for daily, real-time trade ideas and powerful stock trading education.