The Wagner Daily – Stocks being watched, with $FB being a potential short opportunity

The Wagner Daily – February 11, 2022

Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).

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MTG Market Timing Model –  BUY (weak buy signal so far)

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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):

open positions:

closed positions:

position notes:

• Per intraday alert, sold $CF, $PXD, $ARKK, and $USP.

Commentary:

The video below replaces the written commentary portion of today’s report.  If the video does not appear or does not play then copy and paste the following link to view directly on youtube.com:

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

• Watching $PTON $AOSL $DWAC $ACLS $MU $CF $MOS $DDOG
• Short- $FB

See you in the chat room,

Rick

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.

https://morpheustrading.com/services/swing-trade-alerts

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