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 Just drop us a comment with any questions or comments–we’d love to hear from you!<\/em><\/p>\n\n\n\n MTG Market Timing Model – BUY (from 2\/1 buy signal) <\/em><\/strong><\/a><\/p>\n\n\n\n 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&P 500 or Nasdaq Composite.<\/p>\n\n\n\n today’s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n closed positions:<\/em><\/strong><\/p>\n\n\n\n po<\/strong>sition notes:<\/strong><\/p>\n\n\n\n Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n Major indexes climbed higher on Wednesday, but the damage was done after the closing bell as $FB closed -22% lower in after-hours trading. <\/p>\n\n\n\n As of this writing, S&P 500 and Nasdaq 100 futures are trading -1% and -2% lower respectively. If futures remain weak, that would lead to a significant gap down on Thursday’s open, which would not be an ideal spot to initiate new shorts.<\/p>\n\n\n\n Prior to the $FB plunge, $MTDR was added to the model portfolio to gain some exposure to the energy.<\/p>\n\n\n\n We entered prior to the base breakout on a break of the hourly downtrend line off the 20-period EMA. This entry was closer to the buy point on 2\/1 which was over the high of a tight two-day range.<\/p>\n\n\n\n Let’s see how our open positions which have shown relative strength respond to broad market weakness. Given the potential for a significant gap down on Thursday there are no new official setups.<\/p>\n\n\n\n Unofficial Setups<\/strong> – For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n Depending on market conditions:<\/p>\n\n\n\n See you in the chat room,<\/p>\n\n\n\n Rick<\/p>\n\n\n\n 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. However, if your goal is to maximize returns, taking 18-25% positions is the way to go. If trading in a non-margin account, this will limit the portfolio to 4-5 positions. 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. For example, a 20% position in a 100k account with a 6% stop loss would result in a $1,200 loss (1.2%). <\/p>\n\n\n\n\n\n\n\n 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 https:\/\/morpheustrading.com\/services\/swing-trade-alerts<\/a><\/p>\n\n\n\n Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. The Wagner Daily PRO<\/a> <\/strong>includes live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Prior to the $FB plunge, $MTDR was added to the model portfolio to gain some exposure to the energy.<\/p>\n We entered prior to the base breakout on a break of the hourly downtrend line off the 20-period EMA. This entry was closer to the buy point on 2\/1 which was over the high of a tight two-day range.<\/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-17474","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\/17474","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=17474"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17474\/revisions"}],"predecessor-version":[{"id":17478,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17474\/revisions\/17478"}],"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=17474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\n\n\n![\"$todays](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" "\\"\\"")
open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n![\"$open](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220203open.png\" "\\"\\"")
<\/figure>\n\n\n\n![\"$closed](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2020\/closed.png\" "\\"\\"")
<\/figure>\n\n\n\n\n
![\"$SP](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220203SPX.png\" "\\"\\"")
<\/figure>\n\n\n\n![\"$nasdaq](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220203NDX.png\" "\\"\\"")
<\/figure>\n\n\n\n![\"$MTDR](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220203MTDR2.png\" "\\"\\"")
<\/figure>\n\n\n\n![\"$MTDR](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220203MTDR.png\" "\\"\\"")
<\/figure>\n\n\n\n\n