| Deron Wagner
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Deron Wagner is the Founder and Head Trader of both Morpheus Capital LP, a U.S. hedge fund, and Morpheus Trading Group, a trader education firm launched in 2001 that provides daily technical analysis of the leading ETFs and stocks. Mr. Wagner teaches his trading methodology to nearly 3,000 subscribers of his free weekly newsletter, The Wagner Weekly, and is also well-known in the trading community for his subscription-based newsletter, The Wagner Daily, which provides daily technical analysis of ETFs and educational broad market commentary. In addition to publishing his daily commentary and analysis through Morpheus Trading Group, his work appears daily on several popular financial web sites.
Mr. Wagner also appears on his best-selling video, Sector Trading Strategies (Marketplace Books, June 2002), and is co-author of both The Long-Term Day Trader (Career Press, April 2000) and The After-Hours Trader (McGraw Hill, August 2000). He is also a regular contributor to Stock Futures and Options magazine, and has also written for Active Trader magazine. Past television appearances include CNBC, ABC, and Yahoo! FinanceVision. He is a frequent guest speaker at various trading and financial conferences around the world and can be reached by sending an e-mail to deron@morpheustrading.com or by visiting MorpheusTrading.com.
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Articles by this Author
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The Wagner Daily ETF Report For June 26
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Trading was already choppy and indecisive before Wednesday's announcement on interest rates and economic policy. Breakouts in both directions have been failing a day or two after they trigger a new ETF trade entry, keeping both bulls and bears on their toes.
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The Wagner Daily ETF Report For June 25
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Now that the Dow Jones Industrial Average has completed the entire reversal back to its March low that Deron Wagner has been anticipating for weeks, this major area of support could give traders a good excuse to start buying stocks again, at least in the near-term.
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The Wagner Daily ETF Report For June 24
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The Nasdaq has now formed two significant lower lows and one lower high on its daily chart, shifting the index more towards a confirmed intermediate-term downtrend.
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The Wagner Daily ETF Report For June 23
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With many stocks now dropping on sharply higher volume, the main stock market indexes may soon be approaching intermediate-term capitulation.
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The Wagner Daily ETF Report For June 20
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Thursday, Deron Wagner noticed institutional funds rotating out of top performing sectors, and into some of the laggard industries. As funds flowed out of energy and agriculture ETFs, they rotated into industries such as biotech, software, and semiconductors.
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The Wagner Daily ETF Report For June 19
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Although the Dow is in danger of tumbling to a new 52-week low, the good news is the index is now sitting on support of its multi-year uptrend line from the March 2003 low.
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The Wagner Daily ETF Report For June 18
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Deron Wagner needs to see the major indices start to break out above their downtrending channels, as well as their 20 and 50-day moving averages, before looking at long positions.
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The Wagner Daily ETF Report For June 17
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Until stocks begin registering a few sessions of higher volume gains, indicating demand on the part of institutions, traders must remain suspicious of the bounce off last week's lows.
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The Wagner Daily ETF Report For June 16
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Deron Wagner thinks it is apparent that last Friday's rally was no more than a near-term bounce from oversold conditions.
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The Wagner Daily ETF Report For June 13
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Going into today, the market has not yet shown Deron Wagner any reason to believe the recent wave of downside momentum is finished. However, the S&P 500 has significant support of its 61.8% Fibonacci retracement and April 2008 low, right around the 1,325 level, which could trigger a wave of bullish momentum.
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