The Wagner Daily – $TMDX Bounces Back After False Breakout

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).

Subscribe now for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record.

Just drop us a comment with any questions or comments–we’d love to hear from you!

---

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:

 

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).

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.

$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.

$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.

• 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

Start my Wagner Daily membership now to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. The Wagner Daily PRO includes live swing trader room for daily, real-time trade ideas and powerful stock trading education.