{"id":17352,"date":"2022-03-04T06:48:00","date_gmt":"2022-03-04T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17352"},"modified":"2023-02-14T02:59:29","modified_gmt":"2023-02-14T07:59:29","slug":"swing-trading-stocks-030422","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-030422\/","title":{"rendered":"The Wagner Daily &#8211; Nasdaq Futures Whipsaw in Wild Ride: 4.5% Selloff from Pre-Market High"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220304NAZF.png\" alt=\"$Naz 100 daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; March 4, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; SELL<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$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\/220304open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220304closed.png\" alt=\"$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, sold $DDOG due to the break of the 50ma. Bought $LYV.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>The weekly video will return next Friday.&nbsp; &nbsp;<\/p>\n\n\n\n<p>Thursday turned into a wild ride in the Nasdaq 100 futures, starting with a strong morning session that opened roughly 1% above the prior day&#8217;s close on the Nasdaq 100 index. The chart below details the action that led to a 4.5% selloff from the pre-market high to the post-market low (as of this writing) in the Nasdaq 100 futures.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220304NAZF.png\" alt=\"$Naz 100 daily \" title=\"\"><\/figure>\n\n\n\n<p>Thursday&#8217;s higher&nbsp;open led to a false trigger in $LYV which triggered its buy stop within the first 5-minutes of trading. For those who watch the market on the open, the first 5-minutes of trading in some stocks can be challenging due to price discovery (wild prints) until the market settles down. $LYV held above the buy point for less than a minute before selling off, which is usually a bad sign when it is on the open.<\/p>\n\n\n\n<p>Per intraday alert, sold $DDOG for a loss due to the price losing the 50-day MA.<\/p>\n\n\n\n<p>Given the wild action on Thursday and heavy selling after the close, there are no new official setups for Friday. It&#8217;s tough to make much progress when conditions are this volatile.<\/p>\n\n\n\n<p>Below are a few charts we are monitoring&#8230;these setups are not official.<\/p>\n\n\n\n<p>$TPX short setup based on Thursday&#8217;s tight trading range. A big gap down would negate the entry.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220304TPX2.png\" alt=\"$TPX daily \" title=\"\"><\/figure>\n\n\n\n<p>$SLB is holding on to support .<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220304SLB.png\" alt=\"$SLB  daily \" title=\"\"><\/figure>\n\n\n\n<p>Tight trading range in $SRRA on Thursday following a recent downtrend line break.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220304SRRA.png\" alt=\"$SRRA  daily \" title=\"\"><\/figure>\n\n\n\n<p>Whenever the market (ideally the Nasdaq) attempts to bottom out, we look for a few things:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Higher lows, market should hold the low set on day one of the new rally attempt<\/li>\n\n\n\n<li>Market reclaims 10-day SMA and eventually reclaims the 20-day EMA (within a few weeks)<\/li>\n\n\n\n<li>Follow through day (buy signal) prints on day 4 or later of a new rally attempt (may occur before or after the index reclaims the 20-day EMA)<\/li>\n\n\n\n<li>New leadership emerges to confirm the fresh new buy signal&nbsp;<\/li>\n\n\n\n<li>New 52-week highs outnumber 52-week lows several days in a row&nbsp;<\/li>\n<\/ul>\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; $SLB $SRRA $TAP&nbsp;&nbsp;$PVG $BXP<\/li>\n\n\n\n<li>\u00a0Shorts &#8211; $BYND $TPX $DKS $NVDA (gaps may ruin these setups)<\/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>Thursday turned into a wild ride in the Nasdaq 100 futures, starting with a strong morning session that opened roughly 1% above the prior day&#8217;s close on the Nasdaq 100 index. The chart below details the action that led to a 4.5% selloff from the pre-market high to the post-market low (as of this writing) in the Nasdaq 100 futures.<\/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-17352","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\/17352","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=17352"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17352\/revisions"}],"predecessor-version":[{"id":17356,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17352\/revisions\/17356"}],"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=17352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}