| 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 May 18
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The broad market's next move may be an attempt to follow through on yesterday's bullish intraday reversal.
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The Wagner Daily ETF Report For May 17
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In the immediate near-term, it's basically a coin toss as to whether the index heads back to test last week's highs, or continues down to its 200-day moving average
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The Wagner Daily ETF Report For May 14
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Deron Wagner discusses ways in which to to capitalize on further broad market weakness.
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The Wagner Daily ETF Report For May 13
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Although it's possible the S&P 500 could move right back to its prior highs without further correction, the combination of key moving average convergence, resistance of the prior lows from April, and steadily declining volume on the bounce off the lows leads Deron Wagner to believe there's a better chance of the index retesting the lower half of its May 6 range first.
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The Wagner Daily ETF Report For May 12
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Because yesterday was the first test of the 20- and 50-day moving average resistance levels since the major indices broke down, yesterday's intraday highs may be pivotal levels.
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The Wagner Daily ETF Report For May 11
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Even though the gains of the major indices were in excess of 4%, nothing has really changed on a technical level. The main stock market indexes remain in short to intermediate-term downtrends, with resistance of the 20 and 50-day moving averages still overhead.
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The Wagner Daily ETF Report For May 10
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Deron Wagner is now looking for near-term short sale entries on ETFs that sliced through key levels of support last week and may bounce into new resistance of those prior support levels this week.
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The Wagner Daily ETF Report For May 7
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Whatever actually caused yesterday's intraday meltdown is not our concern. What really matters is there are no clear ETF trade setups on either side of the market right now.
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The Wagner Daily ETF Report For May 6
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If the indices manage to quickly snap back and close above their 50-day MAs in today's session, it would be a positive sign, especially if such a bounce occurs on higher volume. However, it may be more likely the major indices will first test support of their January highs before finding any significant price support.
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The Wagner Daily ETF Report For May 5
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The first bounce off the lows in the broad market averages should present us with low-risk short entry points, as ETF's rally in to prior support levels that have turned into resistance.
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