The Wagner Daily – Stock Update: Buy Signal for AMAT

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AMAT daily

The Wagner Daily – December 30, 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   

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):

$todays watchlist

open positions:

$open positions

closed positions:

$closed positions

position notes:

  • $AMD add triggered.
  • Canceled the $TSLA buy limit order for now.


Just a reminder, US markets will be open this Friday and the following Monday as it is the end of the quarter, month, and year. 

Happy New Year!

Broad market averages chopped around for the second day in a row after a sharp run-up.   

SP 500

$QQQ closed at the $400 resistance level.

QQQ daily

$SPY and $QQQ look good.  $IWM,  $FFTY, and $IWP are ugly laggards.  

$ARRK is another growth-based ETF we monitor. The daily chart below has broken a clear support level at $100 and may be vulnerable to further weakness. Note the moving averages are all in order to the downside, with the declining 20 < 50 < 200.

We’d love to see $ARKK retake $100 and hold.  

ARKK daily

$AMAT –  Wedneday’s tight-ranged inside day is a chance to add with a buy stop over the day’s high. This is an official setup.

Also, note that we canceled the $TSLA buy limit order for now but will continue to monitor the action.

AMAT daily

$AMD disappointed on Wednesday, selling off a bit more than expected given the solid price action earlier in the week. Let’s see if the 10-day EMA holds.

AMD daily

$NVDA pulled back to support.

NVDA  daily

$EXPE and $F are not official setups but are a few charts we are monitoring. 

EXPE  daily
F  daily

A few more stocks that that could be in play: $SLAB $QCOM $ANET $TREX $PI $PANW – $ARCB & $FTNT (on pullbacks).

Despite the S&P 500 setting new highs and our timing model on a buy signal, we still have more questions than answers regarding the health of the market, which shouldn’t be the case. We don’t mind having some exposure but see no reason to step on the gas just yet.  

Unofficial Setups – For experienced traders only, no guidance is given for these setups.

  • $SLAB – buy stop 208.00
  • $EXPE – buy stop 182.00
  • $PANW – buy stop $566.00 (reversal candle)

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