{"id":16866,"date":"2022-06-17T06:48:00","date_gmt":"2022-06-17T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16866"},"modified":"2023-02-09T04:56:41","modified_gmt":"2023-02-09T09:56:41","slug":"swing-trading-stocks-061722","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-061722\/","title":{"rendered":"The Wagner Daily &#8211; Energy Sector Struggles"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220617XLE.png\" alt=\"$XLE ddaily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; June 17, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; SELL<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$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\/open.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>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>US markets will be closed on Monday, June 20. Our next report is for Tuesday (6\/21) and will be sent out by 5pm EST on Monday.<\/p>\n\n\n\n<p>Have a Happy and Safe Holiday Weekend!<\/p>\n\n\n\n<p>Thursday&#8217;s ugly gap down erased the prior day&#8217;s gains and set a lower low on the daily charts of $SPY and $QQQ, which confirmed Wednesday&#8217;s high as a lower high. These charts are likely headed for another leg down.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220617SPY.png\" alt=\"$spy daily \" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220617QQQ.png\" alt=\"$qqq daily \" title=\"\"><\/figure>\n\n\n\n<p>Energy leadership has been under distribution all week long with $XLE slicing through the 20 and 50-day moving averages on heavier than average volume.&nbsp; This bear is beginning to show no mercy with leadership thinning out.&nbsp;&nbsp; &nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220617XLE.png\" alt=\"$XLE ddaily\" title=\"\"><\/figure>\n\n\n\n<p>We were monitoring a handful of stocks for short-entries closer to the 20-day EMA, but that plan went out the window with Thursday&#8217;s selling which turned the rally attempt into a one-day bounce.<\/p>\n\n\n\n<p>For those seeking short exposure, stocks breaking down below a trading range of at least 3-4 weeks long are in play. Protective stops on these setups should be no more than 3% from the entry.&nbsp;&nbsp;<\/p>\n\n\n\n<p>$TSLA and $NVDA are a few examples of potential range breaks.<\/p>\n\n\n\n<p>A short entry closer to the 20-day EMA would have been ideal for $TSLA, but Thursday&#8217;s reversal closed near the lows of the range. Note that the 50-day MA crossed below the 200-day MA two weeks ago, a bearish intermediate-term sell signal.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220617TSLA.png\" alt=\"$TSLA  daily\" title=\"\"><\/figure>\n\n\n\n<p>$NVDA is also in play on the short side beneath this week&#8217;s low after a failed breakdown attempt on Tuesday.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220617NVDA.png\" alt=\"$NVDA  daily\" title=\"\"><\/figure>\n\n\n\n<p>The setups above are not official.<\/p>\n\n\n\n<p>Just a reminder that Friday is quadruple options expiration, which can make for a volatile session.<\/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;<\/li>\n\n\n\n<li>\u00a0Shorts &#8211; $TSLA $NVDA $AMZN below range lows, $MSTR $TWTR $GME &#8211; below yest. low<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick\u00a0<\/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>Energy leadership has been under distribution all week long with $XLE slicing through the 20 and 50-day moving averages on heavier than average volume.\u00a0 This bear is beginning to show no mercy with leadership thinning out.\u00a0\u00a0 \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-16866","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\/16866","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=16866"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16866\/revisions"}],"predecessor-version":[{"id":16870,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16866\/revisions\/16870"}],"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=16866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}