The Wagner Daily – $NVDA Breakout Watch

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$NVDA daily

The Wagner Daily – October 26, 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 – BUY

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):

$todays watchlist

open positions:

$open positions

closed positions:

$closed positions

position notes:

  • Stopped out of the 3% add in $SE
  • Per intraday alert, sold half of $BILL due to the lack of follow through and poor closing action.
  • Per intraday alert, bought $SI.
  • $CELH buy stop triggered.


The S&P 500 continues to climb higher while tech struggles.  $XLK has been range bound for almost a week with and its relative strength has lost some ground vs $SPY.   There is enough evidence out there to confirm that a new bull market is underway, so money should eventually flow back into tech.

$XLK daily

$CELH and $SI were added to the model portfolio on Monday. The $CELH buy stops triggered early and the $SI entry was via an intraday alert. Note that we have a buy stop order in place to add to $CELH over Monday’s high.

In addition to the $CELH add, there are two new buy setups for Tuesday’s session.

$NVDA broke out to a new all-time high from a valid basing pattern on Monday. Volume was lighter than average and did not confirm the breakout. We have a buy stop in place over Monday’s high looking for the price to follow through to the upside on a pick up in volume.

$NVDA daily

$TSLA broke out from an eight-month-long base with a gap up to new all-time highs. The 12% gain on a 240% jump in volume was impressive.

$TSLA weekly

The big volume gap up to new all-time highs is a buy signal. We have two potential buy setups in place:

  • Buy stop over Monday’s high  
  • Buy limit near the 1,000 level

Whichever setup triggers first is the one we will officially trade.  The other is to be canceled right away.  Only one setup can trigger.

$TSLA daily

Unofficial Setups – For experienced traders only, no guidance is given for these setups.

  • $LTHM –  buy at 26.30 (reversal candle) reports 11/4
  • $MDB – buy at 252.30 (breakout)
  • $APPS – buy at 87.30 (swing trade heading into earnings 11/2)

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