{"id":16778,"date":"2022-07-08T06:48:00","date_gmt":"2022-07-08T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16778"},"modified":"2023-02-09T01:41:57","modified_gmt":"2023-02-09T06:41:57","slug":"swing-trading-stocks-07822","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-07822\/","title":{"rendered":"The Wagner Daily &#8211; Impressive Volume for Stock&#8217;s 50-day MA Breakout"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220708PRVA.png\" alt=\"$PRVA\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; July 8, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; BUY<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220708watch.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\/220708open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2020\/closed.png\" alt=\"$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, bought $LI&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>The Nasdaq Composite closed more than 1% above the 20-day EMA on Thursday, triggering a buy signal in our market timing model.&nbsp; We are already long a few positions and plan to increase exposure as new setups develop.<\/p>\n\n\n\n<p>Has the market bottomed out?&nbsp; &nbsp;Maybe?&nbsp; We can&#8217;t predict the future, but we can react to what is going on right now.&nbsp; Market conditions have improved enough in the past few&nbsp;weeks to warrant more exposure.<\/p>\n\n\n\n<p>How long will the rally last?&nbsp; We never know.&nbsp; We could see a multi-week or multi-month rally.&nbsp;<\/p>\n\n\n\n<p>Per intraday alert, $LI was added to the model portfolio. For those not already long, an entry at or below our entry is fine.&nbsp;&nbsp;<\/p>\n\n\n\n<p>There are two new setups for Friday in $SWAV and $PRVA.&nbsp;<\/p>\n\n\n\n<p>$SWAV took out the prior swing high but failed to follow through.&nbsp; Since then, it has pulled back to and held support from the prior swing high and rising 10-day EMA.&nbsp; Our buy entry is above Thursday&#8217;s close.&nbsp; We&#8217;d like to have some exposure on close to the 10-day EMA and can add on strength.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220708SWAV.png\" alt=\"$SWAV\" title=\"\"><\/figure>\n\n\n\n<p>$PRVA has paused for a few days on a dry-up in volume and an explosive breakout above $30.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The volume pattern in place since regaining the 50-day MA has been impressive with volume increasing on rallies and drying up on chop.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Our entry is over the two-day high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220708PRVA.png\" alt=\"$PRVA\" title=\"\"><\/figure>\n\n\n\n<p>Other stocks in play &#8211;<\/p>\n\n\n\n<p>$LNTH, $BZ, $UTHR, $PDD&nbsp; &#8211; over prior day&#8217;s high&nbsp;<\/p>\n\n\n\n<p>$VRTX &#8211; buy on open, has broken out&nbsp;<\/p>\n\n\n\n<p>&nbsp;$CHEF, $BMBL, $LRN also strong<\/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; see above<\/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>The volume pattern in place since regaining the 50-day MA has been impressive with volume increasing on rallies and drying up on chop.\u00a0\u00a0<\/p>\n<p>Our entry is over the two-day 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-16778","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\/16778","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=16778"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16778\/revisions"}],"predecessor-version":[{"id":16782,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16778\/revisions\/16782"}],"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=16778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}