![The Wagner Daily - XBI Biotech ETF: In Play Over 2-Day High 1 $XBI daily](https://www.morpheustrading.com/~rick//charts/2021/220701XBI.png)
The Wagner Daily -July 01,2022
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 (Nasdaq Comp. closed below the 20-day EMA)
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):
![The Wagner Daily - XBI Biotech ETF: In Play Over 2-Day High 3 $open positions](https://www.morpheustrading.com/~rick//charts/2021/open.png)
closed positions:
![The Wagner Daily - XBI Biotech ETF: In Play Over 2-Day High 4 $closed positions](https://www.morpheustrading.com/~rick//charts/2020/closed.png)
position notes:
- No new official setups
Stocks reversed higher after a weak open but failed to hold on to the gains in the final hour of trading. The late selling forced the S&P and Nasdaq to close near the midpoint of the day’s range rather than in the top 25% (which is preferred for a reversal).
As of this writing, both the Nasdaq 100 and S&P 500 futures are trading 1% or more below Thursday’s close. A break of Thursday’s low would suggest further weakness.
![The Wagner Daily - XBI Biotech ETF: In Play Over 2-Day High 5 $Nasadq 100](https://www.morpheustrading.com/~rick//charts/2021/220701NQ.png)
![The Wagner Daily - XBI Biotech ETF: In Play Over 2-Day High 6 $s&p 500](https://www.morpheustrading.com/~rick//charts/2021/220701SPX.png)
There are no new official setups for Friday.
$LNTH is in play on weakness down to the $64-65 area looking for the 50-day MA to hold
![The Wagner Daily - XBI Biotech ETF: In Play Over 2-Day High 7 $LNTH daily](https://www.morpheustrading.com/~rick//charts/2021/220701LNTH.png)
Chinese stocks and ETFs have outperformed the past few weeks. $KWEB, $PGJ, and $YINN are a few worth watching.
![The Wagner Daily - XBI Biotech ETF: In Play Over 2-Day High 8 $KWEB daily](https://www.morpheustrading.com/~rick//charts/2021/220701KWEB.png)
Biotech ETF $XBI is in play over the two-day high following a strong move off the lows and lighter volume pause.
![The Wagner Daily - XBI Biotech ETF: In Play Over 2-Day High 1 $XBI daily](https://www.morpheustrading.com/~rick//charts/2021/220701XBI.png)
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
- Longs – see above
- Shorts – see above
See you in the chat room,
Rick
This list is a good starting point for monitoring the health of the market for those who have limited time.
https://morpheustrading.com/services/swing-trade-alerts
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