The Wagner Daily – November 30, 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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MTG Market Timing Model – SELL (
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):
closed positions:
position notes:
- No trades triggered.
Monday’s response to last Friday’s selling was a positive one led by strength in semiconductors ($SMH +4%) and tech ($XLK +2.5% and $QQQ +2.2%).
The Nasdaq Composite closed above the prior day’s high and reclaimed the 20-day EMA on a pick-up in volume. Our timing model remains on a sell but could be back in buy mode within the next few days if the price holds the 20-day EMA and pushes higher.
There are two new buy setups for Tuesday.
$PSTG followed through on last week’s gap up with a close above the gap-up day high on heavy volume. There are two setups on the watchlist, a buy stop over the two-day high and a buy limit on slight weakness. Whichever setup triggers first is the official trade (cancel the other). For those unable to place such an order, go with the buy stop only.
$ENPH closed back above the 10-day EMA with a tight-ranged inside day on Monday. The two-day high is our buy stop entry to add back the shares we recently sold into strength.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- $TTD – buy at 108.60 (look for price to hold 10ema)
- $PLUG – buy at 41.85
- watching $MARA $LI $XPEV $RKLB $BITF $MARA $SKIN $TSLA
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