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
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):
open positions:
closed positions:
position notes:
Commentary:
Just a reminder, US markets are open this Friday and the following Monday as this Friday is the end of the month, quarter, and year (no New Year’s Holiday this year).
The Nasdaq Composite closed with a fourth straight day in a row of solid gains. Monday’s advance cleared the prior swing high, negating the pattern of lower highs and lower lows that have been in place since the correction began. Volume remains light, but the Nasdaq is on a buy signal due to the price closing more than 1% above the 21-day EMA with the 10-day SMA turning up.
Given the quick run up off the lows, there aren’t many setups out there with a low risk entry point. However, we only need a one or two-day pause in the stronger names to create a buy point, so we could be adding new positions on strength by Wednesday.
There is one new official setup on Tuesday’s watchlist, a pullback entry in $AMD near $150. The $TSLA pullback entry remains live (note the new entry and stop prices).
$PFE is an unofficial entry over the prior day’s high which should put the price above the short-term downtrend line. We like the light volume pullback to the rising 10-day EMA.
$DDOG is also in play unofficially over Monday’s high looking for the price to follow through on Monday’s inside day trigger.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
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.
Unlock the secrets to identifying market bottoms and harness the power of opportunity amidst market turbulence. Dive into our comprehensive…
Are you ready to seize the golden opportunity in trading? In our last analysis, we forecasted a monumental breakout in…
Embark on a journey to master the art of crypto swing trading with Deron Wagner, founder of Morpheus Trading Group.…
In the fast-paced world of trading, navigating through the noise of social media can be daunting. But fear not, for…
Feeling a bit shaken up by Bitcoin's recent turbulence? Don't worry, we've got you covered! Dive into this comprehensive guide…
Ever left mountains of potential profits on the table by exiting your winning trades too soon? Kicking yourself for missing…