The Wagner Daily – September 28, 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 – sell
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):
closed positions:
position notes:
- Stopped out of $ZI
Small caps outpeformed on Monday, with $IWM up +1.5% vs -0.3% in the S&P 500 and -0.8% in the Nasdaq 100. Growth underpeformed with IWP closing -1% lower.
Growth took an uppercut to the chin on Monday, let’s see how these stocks hold up during the next few days.
The model portfolio stopped out of $ZI. There are no new official setups for Tuesday, but the $SQ buy stop order remains live.
$AMD cleared its downtrend line on Monday on is buyable on a pullback.
Sticking with the semi theme, $NVDA pulled back to the 10-week moving average on Monday and is in play around Monday’s close, with a stop beneath last week’s low.
$AFRM 60 minute chart has settled into a tight trading range above the rising 20-period EMA and is potentially in play on strength over the hourly downtrend line or on a touch of the 20-period EMA.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- $DLO – buy stop at 68.00
- $NVDA – buy at/near 214-216
- $DOCN – buy at 83.80
- $AN – buy at 126.00
- $AMD – buy pullback to 106-107
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