The Wagner Daily – December 9, 2021
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The Wagner Daily – December 9, 2021
Proven swing trading strategy, top ETF & stock picks, and market timing model…since 2002
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:
- Per intraday alert, bought $ZIM and stopped out.
- $TSLA buy limit order triggered.
All major indices closed in positive territory on day three of a new rally attempt in the market. The Nasdaq Composite triggered a buy signal in our timing model with Wednesday’s close at least 1% above the 21-day EMA. Since the correction off the highs (so far) is less than 10%, we don’t need a follow-through day to produce a buy signal.
$TSLA was added to the model portfolio on a buy limit order.
Per intraday alert, we bought $ZIM as it cleared the handle high on heavy volume. We stopped out a few hours later as the price rolled over and hit our stop below $57. Overall, the daily chart of $ZIM remains in decent shape but may now need a few days of chop to work off Wednesday’s ugly reversal.
There are no new official setups for Thursday but we are monitoring a handful of stocks for an entry on strength or short-term weakness.
$QCOM is potentially in play over the two-day high and downtrend line after Wednesday’s tight-ranged inside and NR7 day.
This is not an official setup
$NVDA has formed a tight trading range on the hourly chart allowing the rising 20-period EMA to catch up. Over the two-day high is a possible option for an entry or over the tight-ranged hourly chop.
This is not an official setup.
Other stocks to monitor – $MU $SLAB $PI $AMAT $MTTR ABNB $APP $MTTR(rip from tight 60 min)
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- $QCOM – buy at 185.00
- $SNOW – pullback to $360 ( 10 and 20-day EMAs)
- $IONQ – volatile stock – buy at 22.30
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