The Wagner Daily – November 28, 202
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:
- No trades triggered.
Hope everyone had a great Thanksgiving!
Market conditions remain favorable for some long exposure but we are not stepping on the gas just yet.
Broad-based futures are trading roughly -0.6% lower as of this writing.
The S&P 500 E-mini futures contract has support from the rising 8-day EMA around 4,000. The 20-day ema around $3,950 is our line in the sand for the current bull market. A break of the 20-day on a closing basis would open the door for further weakness.
There is one new official setup for Monday.
$ENPH is potentially in play as a base breakout above the two-day high.
Watching $CELH for a pullback entry this week after an explosive move back through the 50-day MA / 10-week MA.
$TMDX stalled at $60 once again. Note that we tightened up our stop just below the two-day low and 8-day EMA for half the position. If the 8ema doesn’t hold, we will look to re-enter closer to the 20-day EMA if possible.
A break of the current downtrend line could spark the next wave up in $CPNG.
Unofficial Watchlist
- Longs – $MEDP $PDD $SHLS (pullback to 8ema) $TMDX $PODD $WING
- 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.
