The Wagner Daily – Bullish Close for Stocks

The Wagner Daily – November 1, 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):

open positions:

closed positions:

position notes:

• Added to $APP.

Commentary:

Stocks closed out last week’s trading in bullish fashion with the Nasdaq Composite breaking out from its basing pattern and joining the S&P 500 at new highs. Both indices are trending higher above a rising 5-day EMA, which makes it a difficult market to enter if waiting for a pullback (a lockout rally).

The model portfolio added to $APP last Friday and has one new official setup on Monday’s watchlist, a pullback entry in $NVDA.

The charts below are worth monitoring for an entry but are not official setups.

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

• $SOFI – buy at 20.30, downtrend line breakout in handle reports 11/10
• $CELH – buy at 98.70
• $CRWD – buy at 285.00
• $AEHR – buy at 23.55

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