The Wagner Daily – Market Trend: Upturn Ahead?

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$spy daily

The Wagner Daily – June 23, 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  

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:

  • Stopped out of $NVDA.


Tuesday’s gap up was the third decent sized gap the market has seen in four sessions. Although one would expect the broad based averages to push higher in the short term, recent volatility suggests that we are just as likely to see a reversal lower.

As of Tuesday’s close, the S&P 500 and Nasdaq are still below the 10-day EMA and in a downtrend with lower highs and lower lows in place.

For now, we are expecting higher prices as long as Tuesday’s lows hold.

$spy daily
$qqq daily

Biotech ETF $XBI is one of only a few ETFs trading above the 20-day EMA  after reclaiming the average on Tuesday (not counting inverse or bond related ETFs).

$XBI ddaily

$TAN (solar) and $FXI & $KEWB (chinese ETFs) are the few others.

$TAN ddaily
$FXI ddaily

These are a few areas to focus on if the broad-based averages can push through resistance and retake the 20-day EMA.

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

  •  Longs – only watching $JKS $ENPH $LI $VRTX $LNTH $HQY $
  •  Shorts – $MRNA $CRWD $SHOP $DOCN (below yest. low)

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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