| 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 October 23
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The current environment remains a "tale of two markets," one in which traders can profitably sell short weak sectors in the S&P and Dow, while simultaneously buying most sectors with relative strength in the Nasdaq. Both the Nasdaq Composite and Nasdaq 100 continue to show the most relative strength and have healthier overall chart patterns.
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The Wagner Daily ETF Report for October 22
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All bets are now off on the long side of the market. Not only have the volume patterns turned firmly bearish, but major support levels in the major indices are being broken as well.
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The Wagner Daily ETF Report for October 19
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The Dow is still trying to hold on to support of its 20-day EMA, as the S&P 500 has done for the past three days. Deron Wagner writes that if the near-term correction in the broad market is to end, this is where the S&P and Dow must turn higher.
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The Wagner Daily ETF Report for October 18
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Deron Wagner writes that if the major indices manage to rally above yesterday's highs, it could spell the end of the short-term correction; but a clear break of yesterday's lows could increase the odds of a deeper, more intermediate-term pullback.
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The Wagner Daily ETF Report for October 17
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IBM, Intel, and Yahoo! all announced solid quarterly earnings reports yesterday. Deron Wagner points out that this positions the major indices, particularly the Nasdaq, for a bullish open today.
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The Wagner Daily ETF Report for October 16
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Both the S&P and Dow remain above their 20-day EMAs, which Deron Wagner expects them to test today.
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The Wagner Daily ETF Report for October 15
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Quarterly earnings season kicks into high gear this week, so investors and traders will soon see the extent of the damage from the summer credit crunch.
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The Wagner Daily ETF Report for October 12
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Yesterday, most of the main stock market indexes found support at their 10-day moving averages, closing at or just above them. This could enable the major indices to attempt to stabilize today, but the strong sell-off volume and "bearish engulfing" candlesticks means that yesterday's lows probably will not hold for long.
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The Wagner Daily ETF Report for October 11
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The major indices remain overextended away from significant support levels, but there has been no catalyst for the current upward momentum to fade.
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The Wagner Daily ETF Report for October 10
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A pullback from current levels would be good for the overall health of the market, as it would prevent stocks from getting too overheated.
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