{"id":16220,"date":"2022-10-28T06:48:00","date_gmt":"2022-10-28T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16220"},"modified":"2023-02-03T11:51:10","modified_gmt":"2023-02-03T16:51:10","slug":"swing-trading-stocks-102822","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-102822\/","title":{"rendered":"The Wagner Daily &#8211; $S&#038;P 500 Stocks: Ready to Rally?"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221028ES.png\" alt=\"$s&amp;p 500\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 28, 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\/221028list2.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>Stopped out of $SWAV.<\/li>\n\n\n\n<li>Per intraday alert, sold half of $SSO to lock in some gains.&nbsp; Holding on to other half for a potential bigger move.&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>Nasdaq and S&amp;P futures were hit hard in after-hours trading in reaction to $AMZN&#8217;s 20% selloff post-earnings.&nbsp;<\/p>\n\n\n\n<p>The initial plunge was ugly, but the futures have recovered off the lows of the session as of this writing.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>S&amp;P 500 futures held the 20-day EMA and is now back above the 8-day EMA.&nbsp; &nbsp;The S&amp;P is in better shape overall as it&#8217;s still above the 20-day EMA and has&nbsp;yet to print a distribution day (higher volume selling day).&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221028ES.png\" alt=\"$s&amp;p 500\" title=\"\"><\/figure>\n\n\n\n<p>The Nasdaq 100 futures lost support of the 20-day EMA which is a sell signal unless it can bounce back above within the next few days. The Nasdaq Composite has logged a distribution day (higher volume down day of -.20% or greater) which is generally a negative sign when it prints within a few days of a follow-through day buy signal.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/2210228NQ.png\" alt=\"Nasdaq 100\" title=\"\"><\/figure>\n\n\n\n<p>Current rally thoughts &#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 does not have a distribution day and is still above the 20-day EMA.<\/li>\n\n\n\n<li>The Nasdaq Composite has a distribution and has lost the 20-day EMA.<\/li>\n\n\n\n<li>Energy, materials, and other non-growthy areas are leading the current advance which isn&#8217;t ideal.<\/li>\n\n\n\n<li>$PI and $WING both printed big volume breakaway gap-ups in reaction to earnings, a positive sign for growth.<\/li>\n\n\n\n<li>The number of 52-week highs vs 52-week lows is still negative on the Nasdaq and NYSE exchanges &#8211; though positive in the more narrow indexes S&amp;P 400 and S&amp;P 500.<\/li>\n<\/ul>\n\n\n\n<p>The mixed signals above point to keeping long exposure limited to 2-4 positions (or less than 40% long) as we wait for more bullish or bearish evidence to come in.<\/p>\n\n\n\n<p>Depending on market conditions, $WING could be in play over the two-day high. This is not an official buy setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221028WING.png\" alt=\"WING \" title=\"\"><\/figure>\n\n\n\n<p>Just a reminder, there are a ton of stocks on our watchlists reporting earnings within the next two weeks. Be sure to check for earnings before establishing new positions.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Longs &#8211; watching $GFS $ENPH $LNG $WING $PI<\/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\u00a0<\/p>\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>S&#038;P 500 futures held the 20-day EMA and is now back above the 8-day EMA.\u00a0 The S&#038;P is in better shape overall as it&#8217;s still above the 20-day EMA and has\u00a0yet to print a distribution day (higher volume selling day).\u00a0<\/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-16220","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\/16220","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=16220"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16220\/revisions"}],"predecessor-version":[{"id":16224,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16220\/revisions\/16224"}],"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=16220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}