{"id":17152,"date":"2022-04-07T06:48:00","date_gmt":"2022-04-07T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17152"},"modified":"2023-02-10T06:32:52","modified_gmt":"2023-02-10T11:32:52","slug":"swing-trading-stocks-040722","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-040722\/","title":{"rendered":"The Wagner Daily – Watch $HCC for Entry"},"content":{"rendered":"\n
\"$HCC<\/figure>\n\n\n\n

The Wagner Daily – April 7, 2022<\/h2>\n\n\n\n

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

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

Just drop us a comment with any questions or comments–we’d love to hear from you!<\/em><\/p>\n\n\n\n

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MTG Market Timing Model –  Sell standby due to close below 20ema<\/em><\/strong><\/a><\/p>\n\n\n\n

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&P 500 or Nasdaq Composite.<\/p>\n\n\n\n

today’s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n

\"$todays

open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n

\"$open<\/figure>\n\n\n\n

closed positions:<\/em><\/strong><\/p>\n\n\n\n

\"$closed<\/figure>\n\n\n\n

po<\/strong>sition notes:<\/strong><\/p>\n\n\n\n

Stopped out of SPXL <\/p>\n\n\n\n

Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n

Stocks followed through to the downside with another day of heavy volume selling. Technology was hit the hardest with $XLK and $QQQ both down more than -2%.<\/p>\n\n\n\n

The market timing model is on a sell standby after Wednesday’s closed below 20-day EMA on the Nasdaq Composite and S&P 500.  A move below Wednesday’s lows would generate a sell signal.<\/p>\n\n\n\n

Note that we canceled the $DFS short entry for Thursday.<\/p>\n\n\n\n

There is one new official buy setup in Wheat ETF $WEAT.<\/p>\n\n\n\n

$WEAT reclaimed the 8 and 20-day EMAs after undercutting both averages and a prior swing low last week. The high of Wednesday’s inside day is the buy entry plus a few cents. Our target is around the $12-12.50 area.<\/p>\n\n\n\n

\"$WEAT<\/figure>\n\n\n\n

$HCC is not an official setup but is worth watching for an entry over the high of Wednesday’s tight-ranged inside day. Note that the price is pulling back into the 10-week MA on the weekly chart.<\/p>\n\n\n\n

\"$HCC<\/figure>\n\n\n\n

Unofficial Setups<\/strong> – For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n