{"id":17098,"date":"2022-04-22T06:48:00","date_gmt":"2022-04-22T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17098"},"modified":"2023-02-10T04:34:54","modified_gmt":"2023-02-10T09:34:54","slug":"swing-trading-stocks-042222","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-042222\/","title":{"rendered":"The Wagner Daily &#8211; Sold $COP for 1% Loss, Buying $SQQQ with Buy Limit Order"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220422SQQQ.png\" alt=\"$SQQQ daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; April 22, 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 due to both the S&amp;P 500 and Nadsaq Comp below the 20 and 50-day MAs<\/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=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220422watch2.png\" title=\"\"><br \/><br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/open.png\" alt=\"$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\/2021\/220422closed.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, stopped out of $COP for a 1% loss.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>In Thursday&#8217;s report we mentioned the following &#8220;<em>Until the Nasdaq can push through resistance, we will continue to operate with high levels of cash.<\/em>&#8220;<\/p>\n\n\n\n<p>As of Thursday&#8217;s close, we are back to a 100% cash position as the Nasdaq Composite stalled once again at resistance and sold off sharply. Thursday&#8217;s plunge increases the odds of the Nasdaq testing the March lows.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220422COMP.png\" alt=\"$Nasdaq Composite daily \" title=\"\"><\/figure>\n\n\n\n<p>Per intraday alert, we sold $COP early in the session as it broke the prior day&#8217;s low for a very small 1% loss.<\/p>\n\n\n\n<p>There is one new official setup for Friday&#8217;s session. We are buying the 3x inverted $QQQ ETF &#8211; $SQQQ. $SQQQ allows us to short by going long and can be bought in retirement accounts.<\/p>\n\n\n\n<p>We are looking for a slight pullback from yesterday&#8217;s wide trading range with a buy limit order at $40.70.&nbsp; Just a reminder, this is a buy limit order that must trade down to our price to trigger.&nbsp; The protective stop is placed beneath the 61.8% fibo level of Thursday&#8217;s candle, minus some wiggle room.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220422SQQQ.png\" alt=\"$SQQQ daily \" title=\"\"><\/figure>\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; $NFLX &#8211; sell short at 211.00, $BBY sell short at $93.000, $RH &#8211; sell shhort at $334.39.<\/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>Per intraday alert, we sold $COP early in the session as it broke the prior day&#8217;s low for a very small 1% loss.<\/p>\n<p>There is one new official setup for Friday&#8217;s session. We are buying the 3x inverted $QQQ ETF &#8211; $SQQQ. $SQQQ allows us to short by going long and can be bought in retirement accounts.<\/p>\n<p>We are looking for a slight pullback from yesterday&#8217;s wide trading range with a buy limit order at $40.70.\u00a0 Just a reminder, this is a buy limit order that must trade down to our price to trigger.\u00a0 The protective stop is placed beneath the 61.8% fibo level of Thursday&#8217;s candle, minus some wiggle room.<\/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-17098","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\/17098","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=17098"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17098\/revisions"}],"predecessor-version":[{"id":17126,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17098\/revisions\/17126"}],"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=17098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}