The Wagner Daily – Nasdaq Reclaims 20-Day EMA After 5-Day Downtrend

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$Nasdaq daily

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):

$todays watchlist

open positions:

$open positions

closed positions:

$closed positions

position notes:

  • 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.

$Nasdaq daily

Growth ETF $FFTY held the 20-day EMA.

$Nasdaq daily

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.

$ZI daily

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.

$ZI daily

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)

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