{"id":16258,"date":"2022-10-19T06:48:00","date_gmt":"2022-10-19T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16258"},"modified":"2023-02-06T01:51:05","modified_gmt":"2023-02-06T06:51:05","slug":"swing-trading-stocks-101922","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-101922\/","title":{"rendered":"The Wagner Daily &#8211; $FOUR Stock Trend Break Alert"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221021FOUR.png\" alt=\"$four daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 19, 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; SELL&nbsp;&nbsp;<\/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\/221021watch.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 a 5% position in $OXY.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>The Nasdaq Composite remains below the 20-day EMA but found support at the 8-day EMA for the second day in a row.&nbsp;<\/p>\n\n\n\n<p>During the recent selloff from the August high,&nbsp; the Nasdaq has sliced through the 8-day EMA with ease after stalling and the 20-day EMA and rolling over, so Wednesday&#8217;s action may be indicating a potential change in character.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221021COMPX.png\" alt=\"$NASDAQ COMP \" title=\"\"><\/figure>\n\n\n\n<p>Money flowed into oil and gas on Wednesday.&nbsp;&nbsp;Per intraday alert, we bought a 5% position in $OXY over the high of the prior day&#8217;s reversal candle.&nbsp;<\/p>\n\n\n\n<p>A move through the current lower high at&nbsp;69.40 is another potential entry point if not already long.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>From our last report, $DINO pushed to new highs.&nbsp; There are several oil &amp; gas stocks potentially in play such as $DVN.&nbsp;&nbsp;<\/p>\n\n\n\n<p>A move through the $73 &#8211; $74 area on volume would break a mult-month-long downtrend line with several touches.&nbsp; This is not an official setup, but we will send an intraday alert if any action is taken.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221021DVN.png\" alt=\"$DVN daily \" title=\"\"><\/figure>\n\n\n\n<p>$FOUR is setting up a downtrend line break with an entry over the two-day high. This is not an official setup, but we will send an intraday alert if any action is taken.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221021FOUR.png\" alt=\"$four daily \" title=\"\"><\/figure>\n\n\n\n<p>Our market timing model remains on a sell but we dipped our toes in the water on the long side&nbsp;with a 5% long position in $OXY.&nbsp; We may add more long exposure to oil and gas this week or next, as it appears to be the strongest group in the market.&nbsp; Until there is a clear buy signal, we will likely limit long exposure to 2-3 positions.&nbsp;&nbsp;<\/p>\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; $DVN $FOUR&nbsp;<\/li>\n\n\n\n<li>Shorts &#8211; none<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$FOUR is setting up a downtrend line break with an entry over the two-day high. This is not an official setup, but we will send an intraday alert if any action is taken.<\/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-16258","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\/16258","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=16258"}],"version-history":[{"count":2,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16258\/revisions"}],"predecessor-version":[{"id":16266,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16258\/revisions\/16266"}],"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=16258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}