The Wagner Daily – November 16, 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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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:
- $NVDA 2% add triggered.
- Per intraday alert, bought 7% $ON.
The model portfolio stopped out of a small position in $TSLA and added to $ZI on Monday. Per intraday alert, canceled the add in $AMD.
Note the new stops in $S and $NVDA (on the 2% add). $S was up 15% last week, so we are raising the stop to prevent a decent winner from turning into a losing trade.
There are a few changes to today’s watchlist.
We raised the $RBLX buy limit order to $105. The $ABNB buy limit order was canceled and replaced with two buy stop orders. The first entry is over the high of Monday’s pause day. A pause day is a narrow-ranged candle that follows a wide-bodied accumulation day (last Friday). The second buy is over the handle high.
$ABNB daily:
$ABNB cup with handle on the weekly:
$ONON is not an official setup as it reports earnings before the open on Tuesday. Watch for a possible breakaway gap up on volume.
$SLAB is also an unofficial setup that could be in play over Monday’s high for aggressive traders or on a pullback to the 10-day EMA at $200.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- watching $DDOG $SHOP $LC $SI $GOOS $PI
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