{"id":16294,"date":"2022-10-12T06:48:00","date_gmt":"2022-10-12T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16294"},"modified":"2023-02-17T00:31:04","modified_gmt":"2023-02-17T05:31:04","slug":"swing-trading-stocks-101222","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-101222\/","title":{"rendered":"The Wagner Daily &#8211; Nasdaq Shows Bullish Divergence"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221012NHNL.png\" alt=\"$NASDAQ daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 12, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; SELL&nbsp;&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$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 saw a volatile session on Tuesday with three swings of roughly 2% &nbsp;intraday in the Nasdaq Composite before the index settled at -1.1%.<\/p>\n\n\n\n<p>The Nasdaq Composite is approaching support from the 61.8% Fibonacci retracement level measured from the covid low of 2020 to the high of 2021, which could lead to a short-term bounce.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221012IXIC.png\" alt=\"$NASDAQ DAILY \" title=\"\"><\/figure>\n\n\n\n<p>One positive to take away from the recent move to new lows in the Nasdaq Composite is the bullish divergence in the number of stocks&nbsp;setting new 52-week lows (the red histogram is the net number of 52-week highs minus 52-week lows).&nbsp; Although good to see, it&#8217;s tough to get excited about the market until the number of new 52-week highs pick up.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221012NHNL.png\" alt=\"$NASDAQ daily \" title=\"\"><\/figure>\n\n\n\n<p>Cash remains the best option for us right now, as we would prefer some sort of bounce in the broad-based averages to produce better short entries.<\/p>\n\n\n\n<p>There is nothing to do on the long side until a clear buy signal emerges in the S&amp;P 500 or Nasdaq Composite.&nbsp;<\/p>\n\n\n\n<p>With almost all industry groups setting new lows with the market, there isn&#8217;t much out there that is holding up other than energy and a handful of names we are monitoring.<\/p>\n\n\n\n<p>The charts below are not official setups, as we are just noting strength in an ugly market.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221012FOUR.png\" alt=\"$FOUR daily \" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221012DV.png\" alt=\"$DV daily \" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221012SWAV.png\" alt=\"$SWAV daily \" title=\"\"><\/figure>\n\n\n\n<p>We never know when the market will bottom, which is why it&#8217;s important to always keep an updated watchlist of stocks showing strength so that we are ready to go if\/when conditions turn bullish.<\/p>\n\n\n\n<p>&nbsp;<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; none (need a bounce in the market)<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/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>One positive to take away from the recent move to new lows in the Nasdaq Composite is the bullish divergence in the number of stocks\u00a0setting new 52-week lows (the red histogram is the net number of 52-week highs minus 52-week lows).\u00a0 Although good to see, it&#8217;s tough to get excited about the market until the number of new 52-week highs pick up.\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-16294","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\/16294","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=16294"}],"version-history":[{"count":2,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16294\/revisions"}],"predecessor-version":[{"id":17690,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16294\/revisions\/17690"}],"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=16294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}