{"id":16202,"date":"2022-11-02T06:48:00","date_gmt":"2022-11-02T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16202"},"modified":"2023-02-03T07:17:23","modified_gmt":"2023-02-03T12:17:23","slug":"swing-trading-stocks-110222","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-110222\/","title":{"rendered":"The Wagner Daily &#8211; $PI Re-Entry: Profit Primer with EMA"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221102PI.png\" alt=\"PI 60\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; November 2, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; BUY&nbsp; (from 10\/21\/22 follow-through day buy signal)<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221102list.png\" title=\"\">&nbsp;<br \/><br \/><a><strong><em>position notes:<\/em><\/strong><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Per intraday alert, bought $PI on a touch of the 20-period ema on 60-minute.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Stocks pulled back in ahead of Wednesday&#8217;s Fed meeting.&nbsp; As usual, we can expect volatility to pick up in the afternoon session after the 2 pm EST decision on rates.<\/p>\n\n\n\n<p>The S&amp;P 500 has support from the 8 and 50-day MAs, but if volatility is high, we can&#8217;t rule out a possible test of the 20-day EMA.&nbsp; A positive reaction to the Fed would increase the odds of a rally into the declining 200-day moving average.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221102SPX.png\" alt=\"$S&amp;P 500 daily\" title=\"\"><\/figure>\n\n\n\n<p>As mentioned in our last report, we sold $PI for a small loss looking to re-enter on weakness. Per intraday alert, we re-entered&nbsp;&nbsp;$PI on a test of the 20-period EMA on the 60-minute chart.&nbsp; We typically monitor the first touch of the 20ema on hourly and the 8-day EMA on daily for pullback entries following a&nbsp; decent gap up on volume.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221102PI.png\" alt=\"PI 60\" title=\"\"><\/figure>\n\n\n\n<p>$MEDP is another recent gap-up we are monitoring.&nbsp;&nbsp;<\/p>\n\n\n\n<p>An entry on strength is possible over the two-day high, which would put the price back above the gap-up day high.&nbsp; A pullback to the rising 8-day EMA would be a spot to monitor for an entry on weakness.<\/p>\n\n\n\n<p>This is not an official setup.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221102MEDP.png\" alt=\"MEDP daily\" title=\"\"><\/figure>\n\n\n\n<p>Other stocks on our buy watchlist (many report earnings within next two weeks):<\/p>\n\n\n\n<p>$ENPH $FSLR (after pause) $GFS $CELH $SWAV&nbsp; $ENPH $LTHM $ALB $CF $CEG (on pullback)&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Unofficial Watchlist<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Longs &#8211; $MEDP &#8211; over 2-day high&nbsp;<\/li>\n\n\n\n<li>Shorts &#8211; (none)<\/li>\n<\/ul>\n\n\n\n \n\n\n\n\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As mentioned in our last report, we sold $PI for a small loss looking to re-enter on weakness. Per intraday alert, we re-entered\u00a0\u00a0$PI on a test of the 20-period EMA on the 60-minute chart.\u00a0 We typically monitor the first touch of the 20ema on hourly and the 8-day EMA on daily for pullback entries following a\u00a0 decent gap up on volume.<\/p>\n","protected":false},"author":2,"featured_media":12060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[782],"tags":[],"class_list":["post-16202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wagner-daily-archives"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=16202"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16202\/revisions"}],"predecessor-version":[{"id":16206,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16202\/revisions\/16206"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/12060"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=16202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}