{"id":17322,"date":"2022-03-11T06:48:00","date_gmt":"2022-03-11T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17322"},"modified":"2023-02-14T02:40:15","modified_gmt":"2023-02-14T07:40:15","slug":"swing-trading-stocks-031122","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-031122\/","title":{"rendered":"The Wagner Daily &#8211; No New Setups for Friday, Watching for Reclaim of 20-day EMA"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220311SG.png\" alt=\"$SG daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; March 11, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; SELL<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$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>In Thursday&#8217;s report, we mentioned there wasn&#8217;t enough evidence to support that a bottom is in place, but it&#8217;s clear that the Nasdaq doesn&#8217;t want to give up the 13,100 level. &nbsp;This played out once again on Thursday, with the price action in the Nasdaq, S&amp;P 500, and $XLK (technology ETF) all holding key support levels.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220311COMP.png\" alt=\"$Nasdaq daily \" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220311spx.png\" alt=\"$S&amp;P 500 daily \" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220311XLK.png\" alt=\"$XLK daily \" title=\"\"><\/figure>\n\n\n\n<p>What next? &nbsp;As of this writing, Nasdaq futures are +1% higher in pre-market trading. &nbsp;While it looks like the charts above could bounce for a few days, the big question is can they reclaim the 20-day EMA&#8230; and hold? &nbsp;<\/p>\n\n\n\n<p>As for new setups, there are no new official entries for Friday. &nbsp;Unofficially, stocks such as $SG, $MATX, $PSTG, $GSL, $DAC, $GOGL, and $RS are potentially in play on strength. &nbsp;<\/p>\n\n\n\n<p>SG is in pause mode after a strong thrust off the lows and is in play unofficially over Thursday&#8217;s high with a tight stop (3-4% below entry). &nbsp;Should go if it triggers. &nbsp;If not, exit, and wait for re-entry.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220311SG.png\" alt=\"$SG daily \" title=\"\"><\/figure>\n\n\n\n<p>For most of us, this market is not in play on the long side with the market timing model sitting on a sell signal. &nbsp;Conditions are still quite vulnerable and there is simply too much volatility on a day-to-day basis preventing us from putting on heavy exposure.&nbsp; Patience is key here as we wait for our type of market to set up.<\/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 names above&nbsp; &nbsp;&nbsp; &nbsp;<\/li>\n\n\n\n<li>\u00a0Shorts &#8211; none<\/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>What next? \u00a0As of this writing, Nasdaq futures are +1% higher in pre-market trading. \u00a0While it looks like the charts above could bounce for a few days, the big question is can they reclaim the 20-day EMA&#8230; and hold? \u00a0<\/p>\n<p>As for new setups, there are no new official entries for Friday. \u00a0Unofficially, stocks such as $SG, $MATX, $PSTG, $GSL, $DAC, $GOGL, and $RS are potentially in play on strength. \u00a0<\/p>\n<p>SG is in pause mode after a strong thrust off the lows and is in play unofficially over Thursday&#8217;s high with a tight stop (3-4% below entry). \u00a0Should go if it triggers. \u00a0If not, exit, and wait for re-entry.<\/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-17322","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\/17322","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=17322"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17322\/revisions"}],"predecessor-version":[{"id":17326,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17322\/revisions\/17326"}],"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=17322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}