The Wagner Daily – November 14, 2022
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 (from 10/21/22 follow-through day buy signal)
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 along with open and closed positions:
- ENPH stop triggered.
Broad market averages closed out a solid week of trading with a higher close on Friday, following Thursday’s powerful advance.
The S&P Midcap 400 is the leading index with the price action clearing the downtrend line and the 200-day MA
Biotech ETF $IBB is one of the better-looking charts out there in a valid basing pattern after a rally off the lows.
The price is approaching the base high, so we are monitoring the action for a pullback entry. A false breakout above the base high and 3-5 day pullback would be ideal.
$MEDP is one of the strongest charts within $IBB and is potentially in play on a pullback.
There are no official setups for Monday, but we are monitoring biotech ETFs $XBI and $IBB for pullback entries, along with $MEDP. $TMDX is another medical name we are watching.
Unofficial Watchlist
- Longs – Watching $MEDP $SMCI $ENPH $TMDX $PODD $HRMY
- Shorts –
Rick
Click here to view this week’s watchlist in google sheets
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