Category: The Wagner Daily – Archives

$NVDA broke out to a new all-time high from a valid basing pattern on Monday. Volume was lighter than average and did not confirm the breakout. We have a buy stop in place over Monday’s high looking for the price to follow through to the upside on a pick up in volume.

The Nasdaq Composite closed with a distribution day (DD) last Friday, the first since the 10/14 follow-through day that generated a buy signal in our timing model.

Some distribution is fine as long as the count doesn’t grow to 3-4 DDs within a short period of time. If the Nasdaq does pull back in, there is plenty of support from the 20-day EMA and 50-day MA around 14,900.

The Wagner Daily – October 22, 2021 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. […]

$CFLT closed with a bullish reversal candle and could be in play for a starter position above Wednesday’s high. This is not an official setup.

The model portfolio added one new position in $ASAN and added to current positions $LC, $SE, $DDOG, and $DOCN.

We bought $LC due to the bullish reversal action on Tuesday.

There are three new setups on Tuesday’s watchlist. One is an add to $SE if it can clear the high of 10/18.

The other two are new positions in $CRWD and $ASAN.

$CRWD is in week 8 of a basing pattern that is only 18% deep. Since there is no handle, our entry is over the base high with a 7% stop.

Let’s see how leading growth stocks hold up this week after last week’s strength.The model portfolio added to $DDOG on a buy limit order last Friday. There are no new setups for Monday, but the $SE buy stop order remains live.$SE is in a flat base pattern and may soon trigger a standard buy entry over the base high. Note that the relative strength line has broken out ahead of price, generally a bullish sign.

$BILL buy stop triggered on the open. The close was well off the highs and below the breakout pivot. Look for Friday’s action to hold above $300.

$CRWD finally showed some signs of life on Wednesday by reclaiming the 50-day MA on a pick up in volume. $AMD did as well.  We are not buying $CRWD right now just monitoring the chart. 

$LC’s relative strength line broke out to new highs ahead of price.  A move through last week’s high could lead to a breakout attempt. Currently, there is no entry as we are just monitoring.