The Wagner Daily – October 18, 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!
Our timing model is back on a buy signal after last Thursday’s follow-through day (FTD). During the first week after a FTD we are monitoring the action for clues/feedback, such as:
- Are recent breakouts working and exteding higher from the pivot?Are new setups emerging after the first wave of breakouts?Major indices should avoid distributionLow of the follow-through day should hold
Let’s see how leading growth stocks hold up this week after last week’s strength.The model portfolio added to $DDOG on a buy limit order last Friday. There are no new setups for Monday, but the $SE buy stop order remains live.$SE is in a flat base pattern and may soon trigger a standard buy entry over the base high. Note that the relative strength line has broken out ahead of price, generally a bullish sign.Stocks we are monitoring for a breakout and/or pullback entry this week:FTNT MRVL AMD SNOW AMBA BILL DOCN DDOG ASAN AFRM LC ENPH SI TEAM TASK TEAM SNAP CRWD APP NVDA
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
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.