The Wagner Daily – Portfolio Update: Trading $GTLB & Monitoring $USO, $TSLA, $AAPL

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$AAPL daily

The Wagner Daily -May 6, 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:

  • $GTLB buy limit triggered and stopped us out for a 0.25% loss of account equity in the model portfolio.
  • $USO buy limit triggered.


Wednesday’s bullish post-Fed rally saw ZERO follow-through, as stocks metled lower from the open to the close. Broad market averages closed -3% to -5% lower with the Nasdaq 100, Nasdaq Composite, and Russell 2000 setting new lows on the year.

The Nasdaq Composite daily:

$Nasdaq Comp daily

The S&P 500 is hanging on to the prior low, for now.

$S&P 500 daily

The model portfolio bought and sold $GTLB within the first hour of trading for a small -0.25% loss of account equity.

The $USO buy limit order also triggered but managed to bounce off the lows of the session. We are looking for $USO to hold the 50-day MA and eventually break out above base highs.

Two of the biggest leaders in the market, $TSLA and $AAPL, are in danger of breaking down after losing the 200-day MA on heavy volume.  

$AAPL daily
$TSLA daily

There are no new setups for Friday’s session. For now, we are content to sit mostly in cash with the exception of $USO long.

  •  Longs – just watching $ERX, $CC, $LTHM, $WEAT, $DBA
  •  Shorts – tough to short after such a wild move without some sort of bounce. Watching $BAC $JPM $MU $NVDA $ROKU

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.

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