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).
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.
- 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.
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
Chinese stocks and ETFs have outperformed the past few weeks. $KWEB, $PGJ, and $YINN are a few worth watching.
Biotech ETF $XBI is in play over the two-day high following a strong move off the lows and lighter volume pause.
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,
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.