The Wagner Daily – $SWAV Soars 17% on Earnings: Buy Signal Ahead

Enjoy this post? Share the love.

SWAV daily

The Wagner Daily – August 10, 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!

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 along with open and closed positions:

$todays watchlist

position notes:

  • Raised the stop in $GWW, looking for higher lows to hold on the hourly chart.


Nasdaq 100 futures contract is holding on to the 10-day EMA heading into Wednesday’s big CPI report due at 8:30 am EST.

Depending on how stocks react to the news, we may see a resumption of the current uptrend or a deeper pullback (maybe test of the 20-day EMA). No predictions here.

Nasdaq 100daily

The model portfolio remains long $GWW, $PWR, and $EVH.

There isn’t a lot out there in terms of actionable buy setups in growth, which has been the case for a while. A few weeks of chop at some point would be ideal to produce lower-risk buy points in our universe of stocks.

$SWAV gapped open and set a new all-time high in reaction to earnings. The 17% move on 2.9x greater than average volume is an intermediate-term buy signal that should lead to higher prices over the next few months. In the short term, we are looking for a brief pause or a pullback to the 10-day EMA as an entry.

SWAV daily

$AGL has put in a few big reversal candles off the $24 area and has held the 20-day EMA since reclaiming the 50-day MA in June. Pullback entries are potentially in play on a test of the 20-day EMA while waiting for the break of the downtrend line to add to the position. This is not an official setup.

AGL daily

There are no new official setups for Wednesday’s session. Please see the unofficial watchlist below for ideas.

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

  •  Longs – $CRDO – over yesterday’s high, $VRRM – small buys near 50ma w/ add on breakout, $AGL – small buys near 20ema, add on strength over downtrend line
  •  Shorts –  

See you in the chatroom,


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.

Enjoy this post? Share the love.

Please leave your comment below!

Your email address will not be published. Required fields are marked *