{"id":16310,"date":"2022-10-10T06:48:00","date_gmt":"2022-10-10T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16310"},"modified":"2023-02-06T03:16:33","modified_gmt":"2023-02-06T08:16:33","slug":"swing-trading-stocks-101022","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-101022\/","title":{"rendered":"The Wagner Daily &#8211; $FSLR: A Rally&#8217;s Aftermath"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221010FSLR.png\" alt=\"FSLR daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 10, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; SELL&nbsp;&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$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 new setups.&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>Better-than-expected jobs data buried any hopes of a new buy signal late last week, as broad market averages were crushed with losses in the -2% to -4% range.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Although it may seem counterintuitive, the street was looking&nbsp;for a negative report to possibly alter the Fed&#8217;s current position of raising rates.&nbsp; The strong data gives the Fed no reason to adjust current policy, so more rate hikes are ahead.&nbsp;<\/p>\n\n\n\n<p>The S&amp;P 500 and Nasdaq 100 futures are already trading back below the summer low.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221010NQ.png\" alt=\"$NQ daily \" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/2210110ES.png\" alt=\"$ES daily \" title=\"\"><\/figure>\n\n\n\n<p>Prior to last Friday&#8217;s plunge, market conditions for growth were improving, with a few stocks potentially in play on the long side. However, by Friday&#8217;s close, leaders such as $SWAV and $PCTY had pierced their 50-day moving averages on heavy volume.<\/p>\n\n\n\n<p>Due to the high volatility, which makes risk control difficult, one should be extremely cautious with any long positions (even with reduced size).<\/p>\n\n\n\n<p>Leading solar stock $FLSR failed a recent breakout attempt and closed with an ugly reversal candle on the weekly chart below. There was almost no pause during the 8-week rally off the lows. Such a rally, once momentum wanes, frequently triggers an even more explosive move back down in a weak market.<\/p>\n\n\n\n<p>$FSLR could be back to the 40-week MA in no time.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221010FSLR.png\" alt=\"FSLR daily \" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Monday, but $ALB could be one to watch on the short side for a breakdown below Friday&#8217;s close, which was just below the 50-day MA. If shorting, look to cover either on a move back through the 50-day MA or Friday&#8217;s high. This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221010ALB.png\" alt=\"ALB daily \" title=\"\"><\/figure>\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<\/li>\n\n\n\n<li>Shorts &#8211; $ALB<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There was almost no pause during the 8-week rally off the lows. Such a rally, once momentum wanes, frequently triggers an even more explosive move back down in a weak market.<\/p>\n<p>$FSLR could be back to the 40-week MA in no time.<\/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-16310","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\/16310","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=16310"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16310\/revisions"}],"predecessor-version":[{"id":16314,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16310\/revisions\/16314"}],"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=16310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}