The Wagner Daily – November 17, 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:
- $ABNB 4% buy stop triggered. $RBLX 3% buy limit triggered.
Money continued to flow into growth on Tuesday, with at least 30 stocks on our internal watchlist up 4% or more. Growth ETF $IWP outperformed $SPY and $QQQ with a +1.1% gain.
Per last night’s report, the first $ABNB buy stop triggered, as did the $RBLX buy limit at $105.
There is one new official setup added to Wednesday’s watchlist.
Adding to $S over Tuesday’s inside day, as the price closed back above the base high after a one day shakeout. The stop is about 6% away, just beneath Monday’s low.
In last night’s report, we discussed a potential breakaway gap-up scenario in $ONON.
$ONON gapped and ran 25% on 5x average volume.
For those who are watching the open, breakaway gap ups on volume are in play over the 1 or 5-minute high if volume is strong on the open. Not all big gap ups are in play. We prefer to focus on higher-quality names that have big earnings or sales growth. The gap should either be to or near a 52-week high, or one that reclaims the 50-day MA off the lows of a base.
$ONON triggered an entry over the 5-minute high Tuesday. Have to be quick with these entries.
$SEDG potentially in play on strength over the two-day high or on weakness around the 10-day EMA. $SEDG is part of a strong group move with $ENPH leading.
Not an official setup
$LC has struggled as of late but may soon find a bottom with the 20-day EMA catching up to the price.
Not an official setup
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- watching DDOG $ANET $SEDG $SI $HUT $LC $AFRM $COIN $BROS $APP
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.
