The Wagner Daily – $TMDX: Trading Tight Price Swings After Gap Up

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$TMDX daily

The Wagner Daily – December 5, 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:

$todays watchlist 

position notes:

  • Stopped out of $ARRY add only.
  • $ENPH buy stop triggered. $MEDP buy limit order triggered.
  • Per intraday alert, bought $TMDX.


Stocks closed out last week’s trading on a positive note. The market’s initial reaction to strong payroll data Friday morning was negative, but buyers stepped in and pushed the averages higher with a close near the highs of the session.

With buyers stepping in following negative news (strong payroll data), we have a rally that is beginning to act more like a bull.

S&P 500 daily

Based on last week’s trading, we can continue to increase long exposure as long as we are making progress in our current long positions.

Per intraday alert, we added TMDX to the model portfolio, in addition to the planned entries in $ENPH and $MEDP.

We bought $TMDX due to the price swings tightening up from left to right on the daily chart below following the gap. Our entry comes two days after the initial breakout buy around 61.30. We paid up a bit, but still have a decent entry with a stop below the rising 20-day EMA.

$TMDX daily

There are new official setups for Monday, but we are monitoring our watchlists for low-risk buy points.

Although a bit extended now, $SMCI is one to watch during the next few weeks due to the explosive move off the lows. We are looking for a 2-3 week pause with price holding up around the 20-day EMA (around 15% off the swing high).

$SMCI daily

Unofficial Watchlist

  • Longs – Watching $MOD – 21.47, $HLIT – 15.40,
  • Shorts – none 


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

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