{"id":16226,"date":"2022-10-27T06:48:00","date_gmt":"2022-10-27T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16226"},"modified":"2023-02-03T11:56:09","modified_gmt":"2023-02-03T16:56:09","slug":"swing-trading-stocks-102722","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-102722\/","title":{"rendered":"The Wagner Daily &#8211; Stocks Rising: 52-Week Highs Outpace Lows"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221027NH.png\" alt=\"$new highs v new lows daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 27, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; BUY&nbsp; (from 10\/21\/22 follow-through day buy signal)<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221027list.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>No trades triggered.<\/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>The Nasdaq Composite paused at the previous swing high and closed near the lows of the session on a pick-up in volume (a distribution day). Let&#8217;s see if there is any follow-through to the downside on Thursday.<\/p>\n\n\n\n<p>The S&amp;P 500 stalled above the 50-day MA and closed near the lows of the session. Total volume was lighter on the NYSE which allowed the S&amp;P to avoid a distribution day.<\/p>\n\n\n\n<p>The S&amp;P 500 could use a day or two of chop to digest the recent run-up with support in the 3,800 area.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221027SPX.png\" alt=\"$s&amp;p 500\" title=\"\"><\/figure>\n\n\n\n<p>We are seeing an improvement in the number of stocks setting new 52-week highs vs 52-week lows.<\/p>\n\n\n\n<p>New highs are outpacing new lows on the Russell 2000, S&amp;P 400, and S&amp;P 500. While improving on the Nasdaq and NYSE, they remain negative.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221027NH.png\" alt=\"$new highs v new lows daily \" title=\"\"><\/figure>\n\n\n\n<p>There are no new setups for Thursday but we are monitoring a handful of stocks for potential entry points.<\/p>\n\n\n\n<p>$ENPH &#8211; big volume gap up reclaims 50-day ma<\/p>\n\n\n\n<p>$WING &#8211; big volume gap up above base highs<\/p>\n\n\n\n<p>$GFS &#8211; big volume gap up reclaims 50-day ma (still has earnings on 11\/8)<\/p>\n\n\n\n<p>$WING gapped above base highs on 4.7x average volume and closed near the middle of the day&#8217;s range. If there is a day or two of tight chop, we may look to enter over the one or two-day high with a 5-7% stop.&nbsp;<\/p>\n\n\n\n<p>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\/221027WING.png\" alt=\"$WING daily \" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Setups<\/strong>&nbsp;&#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Longs &#8211; $REGN $ENPH $CF $FSLR $PI $DK $LNG $CTRA<\/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>We are seeing an improvement in the number of stocks setting new 52-week highs vs 52-week lows.<\/p>\n<p>New highs are outpacing new lows on the Russell 2000, S&#038;P 400, and S&#038;P 500. While improving on the Nasdaq and NYSE, they remain negative.<\/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-16226","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\/16226","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=16226"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16226\/revisions"}],"predecessor-version":[{"id":16230,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16226\/revisions\/16230"}],"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=16226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}