The Wagner Daily – September 16, 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 – Potentially back in buy mode if the Nasdaq Comp. holds the 20-day EMA
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):
- No trades triggered.
After five lower closes in a row, the Nasdaq Composite reclaimed the 20-day EMA and put in a higher close. Let’s see if the price action can hold the 20-day EMA by Friday’s close.
Growth ETF $FFTY held the 20-day EMA.
Based on the Nasdaq reversal and close back above the 20-day EMA on the daily chart, we’d like to add some long exposure. There are two new official setups for Thursday’s session.
$ZI is a breakout buy over the initial breakout pivot and high of Wednesday’s inside day. Our stop is 6% from the entry, for now.
After a second big volume gap up, $AFRM is trading in a tight range the past few days just above the rising 5-day EMA. We have a buy stop above the downtrend line on a 60 min chart. The stop is beneath the swing low.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- $MRNA – buy at 438.10 (inside day)
- $ALGN – buy at 714.00 (reversal candle)
- $DLO – buy at 65.34
- $MNDY – buy at 378.00 (reversal off 20ema)
- Others – $UPST $CROX $PLTR $MATX $PAYC $DKNG $POWI
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