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 – BUY due to FTD in Nasdaq on 4/19
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):
open positions:
closed positions:
position notes:
Commentary:
The Nasdaq Composite printed a follow-through day (FTD) buy signal on Tuesday with a 2% move on higher volume. The FTD puts our timing model back on a buy signal. That said, we’d like to see the Nasdaq get back above the 20-day EMA and hold.
There are no new official setups for Wednesday. Per intraday alert, $ENPH was added to the model portfolio while we stopped out of $NUGT and $HCC.
The nasty gap down in $NUGT erased most of our gains and forced us to play defense to protect profits.
Also stopped out of $HCC. $HCC was once up +10%, so we felt it was best to raise the stop to breakeven and prevent a decent winner from turning negative.
$X is an unofficial buy setup over Tuesday’s high. We like the tight-ranged consolidation above the rising 20-day EMA.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
See you in the chat room,
Rick
This list is a good starting point for monitoring the health of the market for those who have limited time.
https://morpheustrading.com/services/swing-trade-alerts
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…