{"id":16276,"date":"2022-10-17T06:48:00","date_gmt":"2022-10-17T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16276"},"modified":"2023-02-06T02:11:55","modified_gmt":"2023-02-06T07:11:55","slug":"swing-trading-stocks-101722","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-101722\/","title":{"rendered":"The Wagner Daily &#8211; $FSLR: Watch on Bounce, Entry Near 50-day MA"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221017FSLR.png\" alt=\"$FSLR daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 17, 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=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220926list.png\" title=\"\">&nbsp;<br \/><br \/><a><strong><em>position notes:<\/em><\/strong><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No trades triggered.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Stocks ended a volatile week of trading with a disappointing session, as broad market averages failed to follow through on last Thursday&#8217;s positive turnaround and lost the majority of their gains.<\/p>\n\n\n\n<p>The Nasdaq Composite set a new closing low on the year.&nbsp;<\/p>\n\n\n\n<p>Unless the price can recover back above 10,600 within the next few days, it is likely headed lower.&nbsp; If lower, then look for a touch or undercut of the trendline connecting swing lows as short-term support.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220917IXIC.png\" alt=\"$NASDAQ COMP \" title=\"\"><\/figure>\n\n\n\n<p>The S&amp;P 500 regained its prior low from June last Thursday, then closed below it the next day.<\/p>\n\n\n\n<p>For the second time in a few weeks, price was rejected by the top trendline and declining 20-day EMA. As with the Nasdaq, if the price does not recover within the next day then it may be headed for another leg lower.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220917SPX.png\" alt=\"$SPX daily \" title=\"\"><\/figure>\n\n\n\n<p>In our last report, we highlighted the strength of energy names but many sold off with the broad market averages on Friday. Let&#8217;s see if $XLE is able to hold support and tighten up during the week.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221017XLE.png\" alt=\"$XLE daily \" title=\"\"><\/figure>\n\n\n\n<p>On the short side, former leading stock $FSLR is one to watch on a bounce for an entry closer to the 50-day MA.&nbsp; If triggered, then the 50-day MA plus some wiggle room is the&nbsp;stop.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221017FSLR.png\" alt=\"$FSLR daily \" title=\"\"><\/figure>\n\n\n\n<p>Our timing model has done an excellent job of keeping us safe lately. For intermediate-term trend traders, cash remains king. Aggressive traders can look for short setups in leadership stocks that are breaking down below support from the 20 or 50-day MAs,&nbsp;&nbsp;such as $FSLR, $VRTX, or $CELH.<\/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; none (waiting for a clear buy signal)<\/li>\n\n\n\n<li>Shorts &#8211; $FSLR (on a bounce closer to the 50ma)<\/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>Former leading stock $FSLR is one to watch on a bounce for an entry closer to the 50-day MA.\u00a0 If triggered, then the 50-day MA plus some wiggle room is the\u00a0stop.<\/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-16276","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\/16276","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=16276"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16276\/revisions"}],"predecessor-version":[{"id":16280,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16276\/revisions\/16280"}],"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=16276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}