The Wagner Daily – June 29, 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!
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.
- Canceled recent buy setups in $AZN and $EVH
The buy signal in the Nasdaq Composite didn’t last long, as Tuesday’s action sliced through the 20-day EMA on higher volume and took out the low of last Friday’s follow-through day. The timing model is back on a sell signal for now, but let’s see if the Nasdaq can hold support just above 11,000.
The S&P 500 did not generate a buy signal last week as it failed to close above the 20-day EMA by 1% or more. The 3,800 area is support.
There are no new official setups for Wednesday’s session. We canceled the $EVH and $AZN buy stops, but we will continue to monitor the action in case the market recovers back above the 20-day EMA.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- Longs – watching $AZN $EVH $
- Shorts – $BA $ALB $MP (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.
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.