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.
The Wagner Daily ETF Report For October 10
When the broad market eventually bounces, Deron Wagner expects the relatively strong Nasdaq 100 Index to outperform the rest of the main stock market indexes, but it's become a guessing game as to when that will happen.
The Wagner Daily ETF Report For October 9
In the pre-market, both the S&P 500 and Nasdaq 100 futures markets are indicating a significantly higher open for the stock market.
The Wagner Daily ETF Report For October 8
Deron Wagner admits he could have played the short side of the market more; however, the reward/risk ratio of getting short at such depressed levels is now not very good.
The Wagner Daily ETF Report For October 7
The daily chart patterns of the major indices are so bearish that it's difficult to predict just how much, if at all, stocks will follow through to the upside.
The Wagner Daily ETF Report For October 6
The overall level of fear in the stock market, especially among the retail investors, is rapidly increasing. Deron Wagner believes this is a good thing however, because it means we are getting all the closer to an inevitable bounce. Furthermore, the faster and harder the market drops, the stronger the bounce will be.
The Wagner Daily ETF Report For October 3
Both the S&P and Dow are now sitting mid-way between their 50% and 61.8% Fibonacci retracements. The Nasdaq Composite closed right at its 50% retracement. Unless the S&P and Dow immediately snap back sharply today, odds are now much greater that both indices will fall to test their 61.8% retracement levels next week.
The Wagner Daily ETF Report For October 1
Deron Wagner writes that there's really nothing to do until Congress comes back to us with another vote on the $700 billion financial bailout package.
The Wagner Daily ETF Report For September 30
As painful as yesterday's losses may have been for investors and traders who expected bullish follow-through from last Friday's session, the good news is that the selling won't last forever. In fact, the faster and more violently stocks correct, the sooner the inevitable bottom will form, and the greater the initial bounce will be.
The Wagner Daily ETF Report For September 29
It will be interesting to see how the market reacts to the bailout in the coming days, and is probably best viewed from the sidelines for now.
Larry Connors is a 22-year veteran of Wall Street. He was a vice president with Donaldson Lufkin and Jenrette, before starting his own trading and information companies. He is CEO and founder of TradingMarkets.com and is author of numerous books on trading including Street Smarts (with Linda Raschke) which was selected by Stocks and Commodities Magazine as one of the classics of the past century.
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.