The Wagner Daily – November 25, 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:
- Per intraday alert, bought 1/3 positions in $CPNG and $MEDP.
Commentary:Add
Note – US markets will close early today at 1 pm ET.
Market conditions remain favorable for adding long exposure.
Two new positions were added to the model portfolio on Wednesday. Both 1/3 positions in $CPNG and $MEDP.
With $MEDP, we entered close to the 8-day EMA looking for the price to follow through to the upside next week. If there is a pullback to the 20-day EMA, we may look to add some size to bring the position up from 1/3 to 1/2.
Unofficial Watchlist
- Longs – $MEDP (over Wed. high),$GFS (over Wed. high), $PDD – touch of 20ema
- Shorts –
Rick
Click here to view this week’s watchlist in google sheets
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