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

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).

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 – 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):

open positions:

closed positions:

position notes:

• No trades triggered.

Commentary:

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

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.