The Wagner Daily – No New Setups, $DIA and $QQQ near MA

Enjoy this post? Share the love.

$FXI daily

The Wagner Daily – January 20, 2022

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 (though both SP 500 & Nasdaq are on standby for a sell signal)  

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:

  • No trades triggered


Nasdaq Composite remains in a sharp selloff after following through on Tuesday’s break of the 200-day MA with a -1% loss. The Nasdaq is likely headed for a test or undercut of the prior low.

$nasdaq comp daily

S&P 500 is below the 100-day EMA and likely headed to the 4,500 area.

$spx daily

$DIA and $QQQ are closing in on the 200-day MA.

In last night’s report we discussed a few unofficial short ideas in $TSLA and $XPEV. Both triggered and sold off sharply. $MU and $ON were on the unofficil watchlist and were hit hard as well.

There are no new official setups for Thursday. There wasn’t much out there in terms of low-risk entry points yesterday and after Wednesday’s selling the setups have really dried up.

There is one unofficial long idea in iShares China Large-Cap ETF ($FXI), which has pulled back into support from the rising 8-day and 20-day EMAs after a strong thrust off the lows.

A move through Wednesday’s high is the trigger.

$FXI daily

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

See you in the chat room,


For those new to this report, our share size is pretty conservative with max. size around 10% of equity per trade. We do this because we prefer to trade 10-12 names to keep the report active.  However, if your goal is to maximize returns, taking 18-25% positions is the way to go.   If trading in a non-margin account, this will limit the portfolio to 4-5 positions.  If on margin, then 8-10 positions. Our risk per trade on average is just over 1/2 of 1%. Experienced traders may want to risk 1% to 2% per trade.   For example, a 20% position in a 100k account with a 6% stop loss would result in a $1,200 loss (1.2%). 

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.

Enjoy this post? Share the love.

Please leave your comment below!

Your email address will not be published. Required fields are marked *