The Wagner Daily – Sold $COP for 1% Loss, Buying $SQQQ with Buy Limit Order

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$SQQQ daily

The Wagner Daily – April 22, 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 –  Sell due to both the S&P 500 and Nadsaq Comp below the 20 and 50-day MAs

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, stopped out of $COP for a 1% loss.


In Thursday’s report we mentioned the following “Until the Nasdaq can push through resistance, we will continue to operate with high levels of cash.

As of Thursday’s close, we are back to a 100% cash position as the Nasdaq Composite stalled once again at resistance and sold off sharply. Thursday’s plunge increases the odds of the Nasdaq testing the March lows.

$Nasdaq Composite daily

Per intraday alert, we sold $COP early in the session as it broke the prior day’s low for a very small 1% loss.

There is one new official setup for Friday’s session. We are buying the 3x inverted $QQQ ETF – $SQQQ. $SQQQ allows us to short by going long and can be bought in retirement accounts.

We are looking for a slight pullback from yesterday’s wide trading range with a buy limit order at $40.70.  Just a reminder, this is a buy limit order that must trade down to our price to trigger.  The protective stop is placed beneath the 61.8% fibo level of Thursday’s candle, minus some wiggle room.

$SQQQ daily

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

  •  Longs – $
  •  Shorts – $NFLX – sell short at 211.00, $BBY sell short at $93.000, $RH – sell shhort at $334.39.

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.

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