{"id":17404,"date":"2022-02-22T06:48:00","date_gmt":"2022-02-22T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17404"},"modified":"2023-02-15T01:35:16","modified_gmt":"2023-02-15T06:35:16","slug":"swing-trading-stocks-022222","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-022222\/","title":{"rendered":"The Wagner Daily &#8211; $DDOG Stop Triggered, Monitoring $RTX"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220221RTX.png\" alt=\"$RTX daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; February 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<\/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=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" title=\"\"><br \/><br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220221open.png\" alt=\"$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\/220221closed.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 short $SNAP and $TER.<\/li>\n\n\n\n<li>Stopped out of $DDOG.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p><strong>As of this writing, Nasdaq 100 futures is -1.8% off last Friday&#8217;sclose.<\/strong><\/p>\n\n\n\n<p>In last Friday&#8217;s report, we mentioned that Thursday&#8217;s selling in the S&amp;P 500 and Nasdaq Comp. increased the odds of the trend reversing lower after a few weeks of higher prices. That scenario did play out on Friday, as broad market averages continued to sell off and break support.<\/p>\n\n\n\n<p>$SPY closed -0.7% lower and broke support of a prior low which created a second lower high on the daily chart. The short-term counter-trend bounce has given way to the longer-term downtrend. $SPY is also back below the 200-day MA, which is never a good place to be.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220221SPY.png\" alt=\"$s&amp;p 500 daily\" title=\"\"><\/figure>\n\n\n\n<p>The Nasdaq Composite closed -1.2% lower and took out a recent swing low which created a lower high and lower low on the daily chart.&nbsp; The lower high and lower low&nbsp;reverses the counter-trend bounce off the lows&#8230;the downtrend remains in control. Note the 50ma crossing below the 200ma which is a bearish signal.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220221COMP.png\" alt=\"$Nasdaq Comp daily\" title=\"\"><\/figure>\n\n\n\n<p>We discussed the possibility of adding a few more short positions in last Friday&#8217;s report but could list&nbsp;official setups as US index futures were trading significantly higher after Thursday&#8217;s close. However, by Friday&#8217;s open there wasn&#8217;t much of a gap, so we added two new short positions in $TER and $SNAP via intraday alert. Both positions closed lower.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220221TER.png\" alt=\"$TER daily\" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220221SNAP.png\" alt=\"$SNAP daily\" title=\"\"><\/figure>\n\n\n\n<p>$DDOG stop triggered and we are out with a 6% loss on a half position. Although we took a few small losses on the long side the past few weeks, the model portfolio is positioned well should the market continue to sell off.<\/p>\n\n\n\n<p>As for the long side, there isn&#8217;t much to do, especially if shorts are working. Gold ETF and gold stocks have been strong as of late but are not actionable right now. $RTX is one of the better-looking charts out there near highs but we are just monitoring for now.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220221RTX.png\" alt=\"$RTX daily\" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Tuesday due to US index futures trading -1.8% lower as of Monday afternoon.<\/p>\n\n\n\n<p>$TWTR, $SNAP, and $SNOW are a few short setups we are monitoring. $ENPH, $RBLX, $APPS, $PLUG, $SE, and $ISRG are a few more.<\/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; none due to market volatility<\/li>\n\n\n\n<li>\u00a0Shorts &#8211; none due to market volatility\u00a0<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>&nbsp;Rick<\/p>\n\n\n\n<p>For those new to this report, our share size is pretty conservative with max. size around 10% of equity per trade. We do this because we prefer to trade 10-12 names to keep the report active.&nbsp; However, if your goal is to maximize returns, taking 18-25% positions is the way to go.&nbsp; &nbsp;If trading in a non-margin account, this will limit the portfolio to 4-5 positions.&nbsp; If on margin, then 8-10 positions. Our risk per trade on average is just over 1\/2 of 1%. Experienced traders may want to risk 1% to 2% per trade.&nbsp; &nbsp;For example, a 20% position in a 100k account with a 6% stop loss would result in a $1,200 loss (1.2%).&nbsp;<\/p>\n\n\n\n\n\n\n\n<p>This list is a good starting point for monitoring the health of the market for those who have limited time.<\/p>\n\n\n\n<p><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\">https:\/\/morpheustrading.com\/services\/swing-trade-alerts<\/a><\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$DDOG stop triggered and we are out with a 6% loss on a half position. Although we took a few small losses on the long side the past few weeks, the model portfolio is positioned well should the market continue to sell off.<\/p>\n<p>As for the long side, there isn&#8217;t much to do, especially if shorts are working. Gold ETF and gold stocks have been strong as of late but are not actionable right now. $RTX is one of the better-looking charts out there near highs but we are just monitoring for now.<\/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-17404","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\/17404","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=17404"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17404\/revisions"}],"predecessor-version":[{"id":17408,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17404\/revisions\/17408"}],"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=17404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}