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 – 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 (potential trade entries):
closed positions:
position notes:
In last night’s report, we discussed the possibility of $SPY and $QQQ testing prior lows if last Thursday/Friday lows did not hold. On Monday, stocks followed through to the downside with both $SPY and $QQQ closing beneath the prior day’s low and the 10-day EMA. Unless there is some sort of quick, snap-back move above the 10-day EMA on Tuesday, we would expect further weakness in the short term.
The model portfolio stopped out of $DOCN on the open for a small -2% loss on a 1/4 position. Per intraday alert, we added another 1/3 position to $UPST. Per last night’s report, Ultrashort QQQ ETF $SQQQ buy stop limit triggered and we are now short $QQQ for a swing trade.
There are a handful of stocks that continue to act well despite the market selling off. These stocks may struggle to push higher until conditions improve- $MRVL DDOG $TSLA $AMBA $NFLX $PFRT $PANW $DOCN $TEAM $TSLA $BILL $UPST $APP.
$UPST may need a bit more time chopping around, but once the market finds some traction look for the uptrend to resume.
We will look to re-enter $DOCN within the next few days, especially if it touches the 20-day EMA and forms some sort of reversal candle.
T
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
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.
Unlock the secrets to identifying market bottoms and harness the power of opportunity amidst market turbulence. Dive into our comprehensive…
Are you ready to seize the golden opportunity in trading? In our last analysis, we forecasted a monumental breakout in…
Embark on a journey to master the art of crypto swing trading with Deron Wagner, founder of Morpheus Trading Group.…
In the fast-paced world of trading, navigating through the noise of social media can be daunting. But fear not, for…
Feeling a bit shaken up by Bitcoin's recent turbulence? Don't worry, we've got you covered! Dive into this comprehensive guide…
Ever left mountains of potential profits on the table by exiting your winning trades too soon? Kicking yourself for missing…