The Wagner Daily – Portfolio Update: $DOCN, $DDOG Sold

Enjoy this post? Share the love.

$TSLA  daily

The Wagner Daily – October 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 – 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:

  •  Bought $APP


After a second day of selling in a row, $SPY, $IWP, $FFTY, and $DIA are now in pullback mode. $QQQ is still technically setting higher highs and lows, but the last two candles closed near the lows of the session, indicating stalling action.

$SPY has support from the rising 8 or 10-day EMAs in the $451 – $452 area. $QQQ also has support from the rising 8 or 10-day EMA around $375 – $376.

Unless $IWP can reverse back above the 10-day EMA and hold, it’s likely headed for support of the 20-day EMA.

IWP daily

The model portfolio sold $DOCN for a gain of 9.7% and 3.8% (still long a 4% position with a tight stop). Also sold $DDOG for a 7% and 4% gain on the first two buys and a -0.7% loss on the last buy.

$APP long triggered on the open but closed weak with the market. Note the new stops in $APP, $DOCN, $TSLA, and $CRWD in the open positions section above.

There are no new official buy setups for Thursday. Although the timing model is in buy mode, the action in growth has been disappointing as of late. We’ve seen far too many false breakouts, as well as a lack of follow-through in breakouts that have worked. Maybe the price action improves down the road after a potential short-term shakeout in the indices, we will see.

$TSLA is still holding above the close of the gap-up day, which is a key level to monitor. Let’s see if the 1k level holds.

$TSLA  daily

$ENPH gapped up on 8x average volume. A move through the high of the gap-up day is an entry point worth monitoring. This is not an official setup.

$ENPH daily

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

  • none

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.

Please leave your comment below!

Your email address will not be published. Required fields are marked *