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:
position notes:
Commentary:
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
Rick
Click here to view this week’s watchlist in google sheets
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