If the Nasdaq loses the 20-day EMA, then the 10-week MA and prior breakout pivot is support.
Category: The Wagner Daily – Archives
Welcome to The Wagner Daily!
Nightly swing trading stock report since 2002
Enjoy browsing past issues of our flagship Wagner Daily newsletter below (available here at least two weeks after publication date).
Your Wagner Daily membership provides you with:
- Top swing trading stock picks with setup details
- Swing trade alerts
- Weekly watchlist with the best stocks for swing trading
- Trackable stock portfolio
- Professionally moderated Swing Trading Chatroom
Press HERE to get started now with the best stock picking service for swing trading!
Wacthing $CRWD $ZI $DLO $FIGS $NVDA $FCUV $NTNX $U (bull flag)
$DDOG continues to find support around the 20ema. The stop on our add is just below Wednesday’s low.
$SNAP closed higher on a pick up in volume despite the weak tape.
The weekly chart clearly shows the price tightening up last week and trading within the prior week’s wick, a constructive sign.
Look for $AMD to hold support from the 10-day EMA and eventually turn higher.
The Nasdaq 100 has closed higher in 8 of the last 10 sessions and is a bit extended from the rising 10-day EMA on the daily chart.
$DDOG has tightened up the past few days above the 10-day EMA. We are currently long in the model portfolio.
$CVNA reversed off the 10-week MA and stopped just shy of the 50-day MA. This is the first touch of the 50ma in a strong uptrend. Monday’s high is the entry (not official).
Overall, the current rally is in good shape and we plan to add more exposure as setups develop.
There are two new setups for Monday’s session.
We are adding to our position in $AMD over last week’s high, looking for the price to hold the 10-day EMA.
