The Wagner Daily – Market Plummets: Rebound Ahead?

Enjoy this post? Share the love.

$S&P 500 daily

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:

  • No trades triggered.


Stocks were hammered for the third session in a row with most broad-based averages down -4% to -5% and setting new lows on the year.

The sharp selloff has led to a touch/undercut of the trendline connecting swing lows on the daily charts below. Let’s see if the undercut can lead to a short-term bounce in the market.

$S&P 500 daily
$Nasdaq Comp daily
$SMH daily
$XLF daily

There are no new official setups for Tuesday. There isn’t much to do right now as longs are off the table and shorts will need some sort of bounce in the market to produce better reward-to-risk ratios.

Just a quick reminder to remain disciplined and true to whatever trading system you follow. In this environment, it’s all too easy to lose focus and force trades. Let’s be patient and wait for clear setups to emerge.

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

  •  Longs –
  •  Shorts –

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.

Enjoy this post? Share the love.

Please leave your comment below!

Your email address will not be published. Required fields are marked *