The Wagner Daily – November 4, 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 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):
closed positions:
position notes:
- Per intraday alert, added to $TSLA.
- $YNDX buy stop triggered.
$SPY and $QQQ continue to trend higher riding the 5-day EMA in a lockout rally.
Per intraday alert, we added to $TSLA on a bull-flag-like pause. $YNDX triggered its buy stop over the four-day high on a pick-up in volume.
There are two new official setups for Thursday’s session in $S and $ENPH.
$S is a recent IPO with a 9-week long and 30% deep cup. Although it lacks earnings, the quarterly sales growth is impressive at 96%, 108%, and 121% the last three quarters.
The first entry is over the high of Wednesday’s inside day and the other over the high of 10/27.
$ENPH has formed a bull-flag-like pause the past few days. We are adding to an existing position over the high of Wednesday’s inside day with a stop beneath the two-day low.
$SKIN is not an official setup due to earnings just around the corner on 11/9. However, $SKIN is in play over the two-day high with a stop beneath Wednesday’s low, looking for immediate follow-through. If the breakout works one may be able to hold through earnings with a decent profit buffer. Generally speaking, we feel comfortable holding a full position through earnings with a profit buffer of 7-10%. If less than 5%, then we may have to reduce position size or exit the trade ahead of the report (depends on the type of stock and market conditions).
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- $SKIN – buy at 30.10 (play for pop in to 11/9 earnings with chance to hold)
- $XPEV – buy at 47.00 (play for pop in to 11/11 earnings with chance to hold)
- :$LILM – buy at 9.57 (IPO with inside day near lows of base)
- watching $CPE $FANG $DNA $PGNY $ABNB $IONQ $ON $LC $MTTR $TASK $DDD
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.
