The Wagner Daily – November 17, 2022
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!
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:
- Canceled the $ANET buy stop.
Broad market averages remain in pullback mode digesting last week’s advance.
Look for the 8 to 10-day moving averages on the indexes to provide support. If not, then a test of the 20-day EMA is likely. A break of the 20-day EMA on a closing basis would open the door for another round of heavy selling.
There are no new official setups for Thursday. Note that we canceled the $ANET buy-stop order (it’s no longer on the watchlist). We will continue to monitor the action for a lower-risk buy point on weakness if possible, such as a touch of the 20-day EMA.
A failed breakout attempt above the base high in $GFS could lead to a week or two of chop and a possible touch of the 20-day EMA, which would be an ideal lower-risk entry in this market.
$BTU is consolidating in a tight range on the daily chart below after clearing a multi-touch downtrend line. This is not an official buy but we do like the setup with an entry over the 3-day high.
Unofficial Watchlist
- Longs – Also watching $FSLR, $ENPH, and $CELH
- Shorts –
Rick
Click here to view this week’s watchlist in google sheets
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.
