{"id":16656,"date":"2022-07-26T06:48:00","date_gmt":"2022-07-26T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16656"},"modified":"2023-02-08T07:36:31","modified_gmt":"2023-02-08T12:36:31","slug":"swing-trading-stocks-072622","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-072622\/","title":{"rendered":"The Wagner Daily &#8211; GTLB Set to Make a Move After 20-day EMA Test"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220726GTLB.png\" alt=\"$gtlb daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; July 26, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; BUY&nbsp; &nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220726list2.png\" title=\"\"><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>After a decent rally off the lows, broad-based averages are now in pullback mode following last Friday&#8217;s selloff.&nbsp; So far, the pullback appears to be orderly on the daily chart of the Nasdaq 100 futures.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220726NQ.png\" alt=\"$Nasdaq 100\" title=\"\"><\/figure>\n\n\n\n<p>S&amp;P Biotech ETF $XBI reversed higher on Monday after a three-bar pullback to the 20-day EMA. Let&#8217;s see if Monday&#8217;s reversal holds.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220726XBI2.png\" alt=\"$XBI DAILY\" title=\"\"><\/figure>\n\n\n\n<p>We are also monitoring a few biotech stocks that reversed higher on Monday such as $HRMY and $VRTX.<\/p>\n\n\n\n<p>If $VRTX is unable to reclaim the 20-day EMA, then a test of the 50-day MA is likely along with more chop\/base building.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220726VRTX.png\" alt=\"$VRTX daily\" title=\"\"><\/figure>\n\n\n\n<p>$ENPH reports after the close today. We&#8217;d love to see a big volume gap up in reaction to the report (on Wednesday) that clears resistance just below $230. Nothing to do right now.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220726ENPH.png\" alt=\"$ENPH daily\" title=\"\"><\/figure>\n\n\n\n<p>$GTLB could be in play soon after Monday&#8217;s test of the 20-day EMA. Look for a potential shakeout below the 20-day EMA Tuesday morning, followed by a reversal higher.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220726GTLB.png\" alt=\"$gtlb daily\" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Tuesday.<\/p>\n\n\n\n<p>Our plan is to take it slow and wait for earnings season to reveal new leadership, as the majority of names on our watchlist report&nbsp;within the next two weeks.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Also reporting after the close on Tuesday are $MSFT $GOOGL $V.&nbsp; Wednesday after the close: $META<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Longs &#8211; $GTLB $BMBL $LI (reversal off 10-week MA) $DQ (reversal off 10-week MA) $VRTX (reclaim 20ema), $HRMY (reclaim 20ema)<\/li>\n\n\n\n<li>\u00a0Shorts &#8211;\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n<p>This list is a good starting point for monitoring the health of the market for those who have limited time.<\/p>\n\n\n\n<p><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\">https:\/\/morpheustrading.com\/services\/swing-trade-alerts<\/a><\/p>\n\n\n\n\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$GTLB could be in play soon after Monday&#8217;s test of the 20-day EMA. Look for a potential shakeout below the 20-day EMA Tuesday morning, followed by a reversal higher.<\/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-16656","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\/16656","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=16656"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16656\/revisions"}],"predecessor-version":[{"id":16698,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16656\/revisions\/16698"}],"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=16656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}