{"id":16772,"date":"2022-07-11T06:48:00","date_gmt":"2022-07-11T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16772"},"modified":"2023-02-09T01:37:53","modified_gmt":"2023-02-09T06:37:53","slug":"swing-trading-stocks-071122","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-071122\/","title":{"rendered":"The Wagner Daily &#8211; Add Long Exposure: $ITCI Watchlist"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220711ITCI1.png\" alt=\"$ITCI\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; July 11, 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;<\/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 (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" title=\"\"><br \/><br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220711open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220711closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Per intraday alert, added to $LI&nbsp;<\/li>\n\n\n\n<li>Sold 1\/4 of $XBI into strength for an 8.6% gain.&nbsp;<\/li>\n\n\n\n<li>&nbsp;$PRVA and $SWAV buy stops triggered.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Our timing model is back in buy mode after last week&#8217;s close above the 20-day EMA on&nbsp;the Nasdaq Composite.&nbsp; &nbsp;<\/p>\n\n\n\n<p>As mentioned in last Friday&#8217;s report, we never know how long a rally will last.&nbsp; Our job is to judge the price and volume action on a daily basis and react accordingly, adding exposure as positions work and backing off if they fail.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The Nasdaq Composite closed at the prior swing high and 50-day MA.&nbsp; Let&#8217;s see if the price can punch through resistance and set a clear higher high.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220711IXIC.png\" alt=\"$Nasdaq\" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio added two new positions on Friday ($PRVA and $SWAV) and added to an existing position in $LI.&nbsp; &nbsp;Per intraday alert, sold 1\/4 of $XBI into strength.&nbsp; The plan with the remaining position is to sell into strength at $90 or higher, or exit on a break of the rising 10-day EMA (whichever comes first).&nbsp;&nbsp;<\/p>\n\n\n\n<p>Before we add more exposure, we&#8217;d like to see recent buys follow through to the upside.&nbsp;&nbsp;<\/p>\n\n\n\n<p>There are a few stocks in play this week for those who are looking to add more long exposure (see unofficial watchlist below).<\/p>\n\n\n\n<p>$ITCI is a biotech with triple-digit sales growth that is trading just below its all-time high.&nbsp; The daily chart is in play (unofficial) over last Friday&#8217;s high or over the range high.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220711ITCI1.png\" alt=\"$ITCI\" title=\"\"><\/figure>\n\n\n\n<p>Inside candle last month&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220711ITCI2.png\" alt=\"$ITCI MONTHLY\" title=\"\"><\/figure>\n\n\n\n<p>$LNTH moved out above $65 on a pick-up in volume from last Friday&#8217;s unofficial watchlist.&nbsp;<\/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; $BMBL $PDD $ITCI $ZLAB $PRVA $GTLB (all in play over Friday&#8217;s high)&nbsp;&nbsp;<\/li>\n\n\n\n<li>\u00a0Shorts &#8211; none<\/li>\n<\/ul>\n\n\n\n<p>See you in the chatroom,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n<p>This list is a good starting point for monitoring the health of the market for those who have limited time.<\/p>\n\n\n\n<p><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\">https:\/\/morpheustrading.com\/services\/swing-trade-alerts<\/a><\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are a few stocks in play this week for those who are looking to add more long exposure (see unofficial watchlist below).<\/p>\n<p>$ITCI is a biotech with triple-digit sales growth that is trading just below its all-time high.\u00a0 The daily chart is in play (unofficial) over last Friday&#8217;s high or over the range high.<\/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-16772","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\/16772","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=16772"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16772\/revisions"}],"predecessor-version":[{"id":16776,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16772\/revisions\/16776"}],"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=16772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}