The Wagner Daily – December 8, 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 mode from 10/21/22 signal date, but S&P 500 below 20-day ema which is a potential sell 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:
- 100% cash position.
The S&P 500 stalled at the 20-day EMA and closed near the open to form a doji candle. A doji is a sign of indecision. If the price opens higher on Thursday and holds, then we could see a short-term bounce. A weak open could spark further selling and a test of the 50-day MA.
There are no new official setups for Thursday.
We are monitoring a few names that could be in play if the market doesn’t break lower.
- Longs – just watching $PODD $DXCM $GFS $TMDX $MOD $PRTA $CPRX
- Shorts – none
Click here to view this week’s watchlist in google sheets
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