The Wagner Daily – $NVDA Finds Support Near Prior High

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The Wagner Daily – November 22, 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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quick jump to:today’s watchlistopen & closed positionsmarket commentaryresources:subscriber guideour trading strategybloghandy links:

MTG Market Timing Model – BUY  

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):

$todays watchlist

open positions:

$open positions

closed positions:

$closed positions

position notes:

  • Per intraday alert, added to $NVDA.
  • Stopped out of $ABNB with a 3% loss.


Money flowed into big cap tech last week while small and midcap growth stocks stuggled. $AAPL and $AMZN blasted higher along with $QCOM and a few others.

Note the relative strength (RS) line on the daily charts of $QQQ and $IWP (midcap growth) below. $QQQ set a new high with a sharp move up in the RS line. $IWP pulled back to the 20-day EMA with the RS line setting a lower low ahead of price.

Large-cap tech $QQQ

QQQ daily

Russell Midcap Growth $IWP


Although there was some disappointing action in leadership last week, the good still outweighs the bad, and our timing model remains on a buy signal.

Our scans did not produce much in the way of low-risk buy points this weekend, but that could improve if major indices chop around for a week or two.

As for Monday’s watchlist, $NEWR returns with a buy-stop entry over the two-day high. We like the reversal action on Thursday, followed by Friday’s tight-ranged inside day.

The protective stop is placed beneath the low of the gap-up day.


$ABNB stopped us out last Friday and then reversed off the 20-day EMA. Let’s see if the price action can settle down for a bit before we attempt to re-enter.

This is not an official setup.


Per intraday alert, we added to $NVDA last Friday as the price found support near the prior high. Look for the 10-day EMA to provide support if the price does not follow through right away.


Unofficial Setups – For experienced traders only, no guidance is given for these setups.

  • COIN – buy at 340.00 (downtrend line break)
  • $GOOS – buy at 52.20 (short-term pullback)
  • watching $XPEV $APP $SEDG $AUPH $BITF $SKIN $TTD

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