The Wagner Daily – $SWAV: Must-Own with Market Improve

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$SWAV daily

The Wagner Daily – October 4, 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  

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 watchlistAdd

position notes:

  • no trades triggered


With Monday’s bullish reversal action, the S&P 500 is in “undercut and rally” mode – if Monday’s reversal low holds.  An undercut and a rally occurs when the price falls below an obvious low but returns above it within a few days.  

s&p 500  daily

No undercut in the Nasdaq Composite, but a downtrend line break could lead to a test of the 20-day ema.


Monday was day one of a new rally attempt. Our timing model generates a buy signal in one of two ways: a follow-through day (1.5% gain on higher volume) or recapture of the 20-day ema, whichever comes first (in the S&P 500 or Nasdaq Comp.)

Despite the weakness in the market, we are still monitoring roughly 20-30 stocks that have held up extremely well over the past few months.  

$PCTY continues to impress after Monday’s bullish reversal above the 50-day ma (blue line).   A move through Monday’s high could serve as an entry for a small 1/4 position with a stop beneath Monday’s low.  Watch for a potential false trigger if there is a morning gap up and look to enter on weakness.  This is not an official setup.  

$PCTY daily

$SWAV is still a must-own for us if/when market conditions improve. The price action reclaimed the 50-day MA last week and has held up so far. The downtrend line remains in control.

$SWAV daily

There are no new official setups for Tuesday’s session.  Additional stocks to monitor on the long side: $ENPH $CELH $LPLA $TTD $DV $WOLF $AGL $WSC  

Unofficial Setups –

  • Longs – $PCTY 
  • Shorts –  

See you in the chat room,


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