{"id":17410,"date":"2022-02-18T06:48:00","date_gmt":"2022-02-18T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17410"},"modified":"2023-02-15T01:38:58","modified_gmt":"2023-02-15T06:38:58","slug":"swing-trading-stocks-021822","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-021822\/","title":{"rendered":"The Wagner Daily &#8211; Market Update: Trend Reversal, Short Opportunity"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220218QQQ.png\" alt=\"$Nasdaq 100 daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; February 18, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; SELL<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$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\/220218open.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>Per intraday alert, sold $AAPL short.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p><strong>US Markets will be closed on Monday, February 21.&nbsp; &nbsp;The Wagner Daily will not be published on Sunday night but will be back Monday evening for Tuesday&#8217;s session.&nbsp; Enjoy the long weekend!<\/strong><\/p>\n\n\n\n<p>Thursday&#8217;s selloff in the major indexes increased the odds of the trend reversing lower after a few weeks of higher prices. The Nasdaq 100 set a second lower high on Thursday and is close to printing a second lower low. The same goes for the S&amp;P 500, which has once again joined the Nasdaq 100 below the 200-day MA.<\/p>\n\n\n\n<p>As of this writing, both the S&amp;P 500 and Nasdaq 100 futures were trading roughly +0.8% higher. If these prices hold up through Friday&#8217;s open, then we may be able to short into strength via an intraday alert.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220218QQQ.png\" alt=\"$Nasdaq 100 daily\" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220218SPX.png\" alt=\"$s&amp;p 500 daily\" title=\"\"><\/figure>\n\n\n\n<p>Per intraday alert, initiated a 12% short position in $AAPL as it broke below the 20-day EMA. $DDOG long remains open.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220218AAPL.png\" alt=\"$AAPL daily\" title=\"\"><\/figure>\n\n\n\n<p>A few short setups from the unofficial watchlist worked out well. $CRWD and $DOCN were hit hard.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220218CRWD.png\" alt=\"$CRWD daily\" title=\"\"><\/figure>\n\n\n\n<p>&gt;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220218DOCN.png\" alt=\"$DOCN daily\" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Friday. Although we are monitoring a handful of setups on the short side, it may be tough to list anything pre-market with the futures up almost 1%. Le&#8217;s see how the market opens and go from there. As always, we will send an intraday alert if any action is taken.<\/p>\n\n\n\n<p>$TWTR, $SNAP, and $SNOW are a few short setups we are monitoring. $ENPH, $RBLX, $APPS, $PLUG, $SE, and $ISRG are a few more.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220218TWTR.png\" alt=\"$TWTR daily\" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220218SNAP.png\" alt=\"$SNAP daily\" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220218SNOW.png\" alt=\"$SNOW daily\" title=\"\"><\/figure>\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; watching&nbsp; $DDOG and $DOCS&nbsp;&nbsp;<\/li>\n\n\n\n<li>\u00a0Shorts &#8211; see the tickers mentioned above<\/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\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:\/\/docs.google.com\/spreadsheets\/d\/1rc2qIXer0HMbVutBrv4mfDgunJBcZX6_C5LiCnq-4iU\/edit?usp=shari\" target=\"_blank\" rel=\"noopener\">https:\/\/docs.google.com\/spreadsheets\/d\/1rc2qIXer0HMbVutBrv4mfDgunJBcZX6_C5LiCnq-4iU\/edit?usp=shari<\/a><\/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.\u00a0 However, if your goal is to maximize returns, taking 18-25% positions is the way to go.\u00a0 \u00a0If trading in a non-margin account, this will limit the portfolio to 4-5 positions.\u00a0 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.\u00a0 \u00a0For example, a 20% position in a 100k account with a 6% stop loss would result in a $1,200 loss (1.2%).\u00a0<\/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&#8217;s selloff in the major indexes increased the odds of the trend reversing lower after a few weeks of higher prices. The Nasdaq 100 set a second lower high on Thursday and is close to printing a second lower low. The same goes for the S&#038;P 500, which has once again joined the Nasdaq 100 below the 200-day MA.<\/p>\n<p>As of this writing, both the S&#038;P 500 and Nasdaq 100 futures were trading roughly +0.8% higher. If these prices hold up through Friday&#8217;s open, then we may be able to short into strength via an intraday alert.<\/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-17410","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\/17410","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=17410"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17410\/revisions"}],"predecessor-version":[{"id":17414,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17410\/revisions\/17414"}],"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=17410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}