{"id":17060,"date":"2022-05-02T06:48:00","date_gmt":"2022-05-02T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17060"},"modified":"2023-02-09T22:26:50","modified_gmt":"2023-02-10T03:26:50","slug":"swing-trading-stocks-050222","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-050222\/","title":{"rendered":"The Wagner Daily &#8211; Stock Watch: $HRT With Higher Lows"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220502HRT.png\" alt=\"$HRT daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211;  May 2, 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><a><strong><em>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.<\/em><\/strong><\/a><\/p>\n\n\n\n<p><strong><em><a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n<p><strong><em><br \/>&nbsp;<br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em><strong><em>closed positions:<\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2020\/closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em><strong>po<\/strong><strong>sition notes:<\/strong><\/em><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><em>No trades triggered.<\/em><\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Friday&#8217;s session was an ugly beatdown that left bulls nowhere to hide with just about every industry group closing lower.<\/p>\n\n\n\n<p>The Nasdaq Composite broke its base low and is entering downtrend mode after a few months of chop.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220502COMP.png\" alt=\"$Nasdaq Composite daily \" title=\"\"><\/figure>\n\n\n\n<p>The S&amp;P 500 is still above the prior low.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220502SPX.png\" alt=\"$S&amp;P 500 daily \" title=\"\"><\/figure>\n\n\n\n<p>Commodity stocks were also hit. $XLE failed to reclaim the 20-day EMA and may be due for a few weeks of sideways to lower action to digest the last advance.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220502XLE.png\" alt=\"$XLE  daily \" title=\"\"><\/figure>\n\n\n\n<p>Big cap tech is under heavy selling pressure.<\/p>\n\n\n\n<p>$AAPL closed below the 200-day MA after stalling at the 50-day MA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220502AAPL.png\" alt=\"$APPL daily \" title=\"\"><\/figure>\n\n\n\n<p>$TSLA closed below the 50 and 200-day MAs.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220502TSLA.png\" alt=\"$TSLA daily \" title=\"\"><\/figure>\n\n\n\n<p>$FB stalled at the 50-day MA after reporting earnings and is shortable on a bounce into the 20-day EMA. This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220502FB.png\" alt=\"$FB daily \" title=\"\"><\/figure>\n\n\n\n<p>$HRT is one of a few stocks with higher lows in place during the past few months. This stock isn&#8217;t actionable due to week market conditions but should be placed on a buy watchlist.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220502HRT.png\" alt=\"$HRT daily \" title=\"\"><\/figure>\n\n\n\n<p>There are no new setups for Monday. Given Friday&#8217;s weakness, we would expect more downside this week with the potential for a short-term bounce.&nbsp;<\/p>\n\n\n\n<p><strong>Unofficial Setups &#8211; For experienced traders only, no guidance is given for these setups.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>&nbsp;Longs &#8211;&nbsp;&nbsp;<\/em><\/li>\n\n\n\n<li><em>\u00a0Shorts &#8211; $<\/em>FB &#8211; short bounce to 203.00, $MU short stop\u00a067.89, NEM &#8211; short stop 72.63 (bear flag) , AA &#8211; short stop 66.94\u00a0 (avoid these setups if there is a large gap down)<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n<p>This list is a good starting point for monitoring the health of the market for those who have limited time.<\/p>\n\n\n\n<p><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\">https:\/\/morpheustrading.com\/services\/swing-trade-alerts<\/a><\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$HRT is one of a few stocks with higher lows in place during the past few months. This stock isn&#8217;t actionable due to week market conditions but should be placed on a buy watchlist.<\/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-17060","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\/17060","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=17060"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17060\/revisions"}],"predecessor-version":[{"id":17090,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17060\/revisions\/17090"}],"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=17060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}