The Wagner Daily – Small loss on $ZS, $CF add triggered, watching $MTDR for potential rebound

Enjoy this post? Share the love.

$MTDR daily

The Wagner Daily – February 7, 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 –  SELL

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:

  • Per intraday alert, sold covered $ZS for a small loss.


Friday’s session was a positive one overall for the bulls as stocks could have easily rolled over after Thursday’s ugly down.  Let’s see if there is any follow-through to the upside this week.

$NX daily
$SPX daily

Per intraday market, covered $ZS for a very small loss due to the lack of follow-through from our short entry. The $CF buy stop order triggered which was an add to a current position.

$MTDR’s false breakout and close near the lows of the day is known as a squat. Let’s see if the price can hold above Thursday or Friday’s low and work its way higher during the next few days.

$MTDR daily

Our weekend scans didn’t produce much in the way of low-risk buy setups in stocks near 52-week highs. However, we did see many bull flag-like patterns off lows that could be in play for a pop.

$ONON daily chart is a good example of bull flag like action off the lows (others $GDX $NVAX $SE $CROX $RIVN $RBLX $BNTX)

$ONON daily

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

Depending on market conditions:

  • Longs – $DWAC $CF $MTDR $DWAC $BG
  • Shorts –

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%). 

This list is a good starting point for monitoring the health of the market for those who have limited time.

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 *