The Wagner Daily – April 12, 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 Mode but on verge of sell signal if S&P 500 loses 50ma
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):
- No trades triggered.
The Nasdaq Composite continued its selloff with another gap down on Monday and a close well below the 50-day MA.
If the 13,320 level is unable to hold then a test of the March low is likely.
There are no new official setups for Tuesday.
Our weekend scans did not produce many setups on the long side and Monday’s action did little to help. As for shorts, it’s tough to enter new swing trades with the market already two weeks off the swing high.
Our game plan is to sit tight and manage existing positions.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- Longs – $AMC $GME (nr4 days that could pop)
- Shorts – none
See you in the chat room,
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.