The Wagner Daily – $TMDX Bounces Back After False Breakout

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$TMDX daily

The Wagner Daily – December 13, 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:

$todays watchlist 

position notes:

  • Per intraday alert, sold 1/3 of $GFS for a small gain.

Commentary: 

Stocks bounced higher ahead of Tuesday’s CPI data. The S&P 500 reclaimed its 8 and 20-day EMAs, but the technical picture could easily change before Tuesday’s open (8:30 am ET is CPI).

$S&P 500 daily

A handful of stocks look pretty good on the long side and could be in play on Tuesday.

The charts below are not official setups. If we decide to take any action, we will send an intraday alert.

$CELH continues to hold the 8-day EMA. Could be in play on strength but would prefer a pullback entry off the rising 20-day EMA.

$CELH  daily

$MEDP cleared its downtrend line and is chopping around in a tight range just below the 20-day EMA. Potentially in play over Monday’s high.

$MEDP daily

$TMDX found support at the 20-day EMA after a false breakout. One could look to enter on strength such as an hourly downtrend line break.

$TMDX daily
  • Longs –  watching    $TMDX $PI $ON $FIVE $RMBS $ANET $MEDP $HRMY $MTSI
  • Shorts – none 

Rick 

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

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