The Wagner Daily - Archives

The Wagner Daily – Trading $NVDA on Moving Averages

Enjoy this post? Share the love.

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).

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 – 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

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.


Enjoy this post? Share the love.
Rick

Recent Posts

Why You Keep Breaking Your Trading Rules (And the Only Fix That Works)

You know your trading rules. You've written them down. You even follow them in practice. Then the market opens, and…

1 month ago

One Rule Held For An +97% Gain.

Most traders would have sold Micron ($MU) at +20%. Some would have panic-sold when it pulled back to the 8-day…

1 month ago

Crude Oil’s Iran Selloff Set Up a Textbook Reversal. Here’s How We Traded It!

Crude oil dropped sharply after the Iran ceasefire was announced, and most traders were glued to the headlines trying to…

2 months ago

We Went 100% Cash Before the NASDAQ Dropped 8.5% — One Signal Told Us When to Get Back In

Three weeks before this post, we moved to 100% cash right before the NASDAQ dropped 8.5%. Most traders either tried…

2 months ago

Bitcoin’s 200-Day MA Breakout: Trading Crypto in Uncertain Times

As Bitcoin breaks through critical resistance levels, seasoned traders are eyeing both opportunities and warning signs in today's volatile crypto…

1 year ago

Hidden Gems: Finding Tomorrow’s Market Leaders During Today’s Correction

While most investors are running for the exits, savvy traders are quietly building watchlists of stocks showing remarkable resilience. These…

1 year ago