{"id":17392,"date":"2022-02-24T06:48:00","date_gmt":"2022-02-24T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17392"},"modified":"2023-02-15T01:15:34","modified_gmt":"2023-02-15T06:15:34","slug":"swing-trading-stocks-022422","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-022422\/","title":{"rendered":"The Wagner Daily &#8211; No New Setups for Thursday, $DOCS Watch"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220224DOCS.png\" alt=\"$DOCS daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; February 24, 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=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No trades triggered.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Stocks picked up momentum to the downside on Wednesday with several broad market averages closing -1.8% to -2.8% lower.<\/p>\n\n\n\n<p>The Nasdaq 100 and Nasdaq Composite closed below the prior swing low but the&nbsp;S&amp;P 500 closed just above. However, as of this writing, Nasdaq 100 and S&amp;P 500 futures are trading -2.5% below Wednesday&#8217;s close. Unless the market recovers overnight, such a large gap could lead to a gap down reversal day, where the price opens significantly lower but recovers and pushes higher the rest of the session.<\/p>\n\n\n\n<p>For those who are still short, a break of a major swing low after a two-week-long selloff is an ideal spot to cover positions and lock in gains.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220224NAZ100.png\" alt=\"$Naz 100 futures daily\" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220224ES.png\" alt=\"$SP 500 futures daily\" title=\"\"><\/figure>\n\n\n\n<p>There were no new official setups on Wednesday, but $TXG, which was on the unofficial short watchlist closed 7% below the trigger point (2-day low).&nbsp; For those who are active traders, the unofficial watchlist is a good place to start for ideas, but our live trading room in slack offers a <strong>ton of value for its price<\/strong> (only $25 a month if paying for a full year at $299).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220224TXG.png\" alt=\"$TXG daily\" title=\"\"><\/figure>\n\n\n\n<p>Given that the market is extended to the downside and potentially gapping 2-3% lower, there are no new setups for Thursday. As mentioned above, if the gap holds, given the extreme weakness we could see a gap down reversal type day.<\/p>\n\n\n\n<p>If there is some strength, $DOCS may be in play above Wednesday&#8217;s high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220224DOCS.png\" alt=\"$DOCS daily\" title=\"\"><\/figure>\n\n\n\n<p>There isn&#8217;t much out there in terms of high-quality long setups which shouldn&#8217;t be a surprise after a two-week selloff in the market. If the market does reverse higher, the biggest movers will likely come from stocks bouncing from oversold levels.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Market conditions remain ugly for growth and momentum stock trading.&nbsp; At some point, the market will bottom out and generate a buy signal and growth will come back.&nbsp; It always does.&nbsp; For now, we are just trying to go with the flow and take whatever the market gives.&nbsp;&nbsp;<\/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; DOCS &gt; 57.00 or on a gap down reversal<\/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<\/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>Given that the market is extended to the downside and potentially gapping 2-3% lower, there are no new setups for Thursday. As mentioned above, if the gap holds, given the extreme weakness we could see a gap down reversal type day.<\/p>\n<p>If there is some strength, $DOCS may be in play above Wednesday&#8217;s high.<\/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-17392","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\/17392","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=17392"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17392\/revisions"}],"predecessor-version":[{"id":17396,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17392\/revisions\/17396"}],"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=17392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}