The Wagner Daily – December 17, 2021
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 (though both SP 500 & Nasdaq are on standby for a 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 (potential trade entries):
closed positions:
position notes:
- Stopped out of ANET and MRVL.
The video below replaces the written commentary portion of today’s report. If the video does not appear or does not play then use the following link to view it directly on youtube.com:
Few points –
- We are back to a 100% cash position
- The timing model is in danger of going back to a sell signal if the follow-through day low is day is taken out
- Growth stocks are in a significant correction and may need a few more weeks to build low-risk buy points
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
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