The Wagner Daily – January 11, 2023
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!
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.
No trades triggered.
Tuesday’s bullish response to the prior day’s bearish reversal is a positive sign for the market in the short term.
Note that Thursday’s CPI report (8:30 am) could have an impact on the market.
$SPY daily chart has held up well and is now back above its 50-day MA with room to run up to the 200-day MA.
Semiconductor ETF $SMH has rallied into the 200-day moving average and looks to be forming its first base after a decent thrust off the lows.
$AEHR is one of the strongest acting semis after an explosive three-day rally off the lows. While we can’t do much with this sort of action in the short term but it is a must-watch for a dry up in volatility.
$TTC could be in play if it can push through the $116 buy point. This is not an official setup.
In the short term, the market looks to be headed higher. There is a ton of resistance above for most broad-based averages, so the upside is limited. There isn’t enough bullish evidence out there to suggest the current rally is the beginning of a new bull market. That could change.
Longs – $TGLS $JD $TTC
See you in the chat room,
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.
The Wagner Daily – Swing Trading Opportunity: The Rise of $AEHR in the Semi Industry was first posted on January 11, 2023 at 6:48 am.
©2022 “Swing Trading Strategy | Crypto Signals | Stock Signals’;“. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at email@example.com