The Wagner Daily – Stock & ETF Gain Comparison: LNTH vs QQQ & More

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The Wagner Daily – July 21, 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 –  BUY  

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:

  • $ENPH and $LNTH buy stops triggered.


The Nasdaq Composite gained another +1.6% on Wednesday and is up +5.8% from the close of the bullish reversal candle on 7/14.

While market conditions have improved, most leading growth stocks have underperformed this week, which is disappointing.

The graph below shows the percentage gain of several stocks and broad-based ETFs since the close of 7/14. Although $LNTH has kept pace with $QQQ, growth has struggled while junk off the bottom ripped higher.


Buy stops entries in $LNTH and $ENPH triggered. $LNTH closed above range highs on a pick up in volume but does have earnings next week on 7/27.  Note that we raised the stops above breakeven to guard against a 10% winner turning into a loss.

We raised the stop in $ENPH to guard against a false breakout ahead of earnings next week on 7/27.

$LNTH daily

$SWIR was in pretty good shape prior to the Nasdaq reclaiming the 50-day MA, breaking out above the base high on 7/12 while $QQQ was selling off. One would have expected $SWIR to move higher with $QQQ this week but has stalled for several days in a row with the relative strength line breaking down.

$LNTH daily

There are no new setups for Thursday’s session. The $MCK buy stop has been canceled. Also, note the new stops in the watchlist section.

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

  •  Longs – none
  •  Shorts –  none

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.

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