The Wagner Daily – $ARRY False Breakout Pullback, Eyeing 20-Day EMA Touch

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$ARRY daily

The Wagner Daily – November 30, 2022

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The Wagner Daily – November 30, 2022
Proven swing trading strategy, top ETF & stock picks, and market timing model…since 2002


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:

$todays watchlist 

position notes:

  • Per intraday alert, bought GFS at the 20-day EMA. Stopped out of the remaining half position in $TMDX.

Commentary: 

Nasdaq 100 Futures undercut the prior swing low and 20-day EMA before bouncing. 

Looks like more chop ahead. 

$nAS 100 futures daily

There are no new official setups for Wednesday.  

We are monitoring $TMDX for an entry over Tuesday’s high.  If triggered, the stop can be placed below Tuesday’s low or the low of the breakout bear candle. 

$TMD

$ARRY is in pullback mode after a false breakout about the handle.  A touch of the 20-day EMA would be the first since the price reclaimed the 50-day MA.

$ARRY daily

Unofficial Watchlist

  • Longs – watching $PODD $WING $GFS $ARRY $TMDX $ANET $CCRN 
  • Shorts – $MOS $ABNB 

Rick 

Click here to view this week’s watchlist in google sheets

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