The Wagner Daily – $IWM Follows Through on Bullish Signal

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$IWM daily

The Wagner Daily – October 5, 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.

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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


Stocks impressed on day two of a new rally attempt, led by a 4% increase in the small-cap Russell 2000 ETF $IWM.  $IWM put in a day 5 follow-through day on Tuesday based on the strong gain on higher volume.  However, it is not an index we track to generate a buy signal since it’s an ETF.  

$IWM daily

Both the S&P 500 and Nasdaq Composite closed  3% higher on a pick-up in volume.   
Nasdaq and NYSE internals were bullish as well.  Volume in advancing issues accounted for more than 90% of the total volume on both exchanges.  Nasdaq advancers outpaced decliners by 3.7 to 1 and 6.2 to 1 on the NYSE.  

The Zweig Breadth Thrust is an indicator that generates a buy signal when it moves from below 40 to 61.5 in 10 sessions or less.  It is currently sitting at 55ish with a few more days to go.  


We are monitoring a handful of stocks for entries should the timing model shift into buy mode.

Stocks below are trading within 30% of a 52-week high and have strong earnings and/or sales growth. 

SWAV daily
ANET daily
TTD daily
AGL daily

Unofficial Setups –

  • Longs – $SWAV $PCTY
  • Shorts –  

See you in the chat room,


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