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The Wagner Daily – Trading $NVDA on Moving Averages

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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):



open positions:

closed positions:

position notes:

  • Stopped out of $ZI

Commentary:

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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Rick

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