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 (though both SP 500 & Nasdaq are on standby for a sell 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 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 There was an issue with uploading charts to tonight’s report. All charts and graphics can be viewed on the google docs link below<\/p>\n\n\n\n link – https:\/\/docs.google.com\/document\/d\/15PK8E87fQ6gdmIg35o1dq1-J1YBRLnEfwyeohsTvryE\/edit?usp=sharing<\/p>\n\n\n\n Today’s official buy setup for those who can’t view the google document above. <\/p>\n\n\n\n Buy AMAT 3% position, entry 161.00, sell stop 156.59<\/p>\n\n\n\n After a short-term pullback, stocks reversed higher on Monday, with $QQQ, $SPY, and $XLK printing a bullish outside day on the daily chart. The outside day occurs when today’s low is lower than the prior day’s low and today’s high is greater than the prior day’s high, which can serve as the entry.<\/p>\n\n\n\n The bullish reversal action forced us into adding long exposure with buys in $AMAT, $AMD, and $TQQQ.<\/p>\n\n\n\n Rather than buy $QQQ, we bought the 3x leveraged $TQQQ for a swing.<\/p>\n\n\n\n $AMAT was also triggered by an outside day. We have a buy stop in place to add over Monday’s high.<\/p>\n\n\n\n $AMD triggered an entry (per intraday alert) over the prior day’s high as it reclaimed the 20-day EMA. Look for a break of the downtrend line as a shot to add. No official add yet.<\/p>\n\n\n\n Growth is still taking a beating for the most part with the exception of $TSLA.<\/p>\n\n\n\n Unofficial Setups<\/strong> – For experienced traders only, no guidance is given for these setups.<\/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":" Buy AMAT 3% position, entry 161.00, sell stop 156.59<\/p>\n After a short-term pullback, stocks reversed higher on Monday, with $QQQ, $SPY, and $XLK printing a bullish outside day on the daily chart. The outside day occurs when today’s low is lower than the prior day’s low and today’s high is greater than the prior day’s high, which can serve as the entry.<\/p>\n The bullish reversal action forced us into adding long exposure with buys in $AMAT, $AMD, and $TQQQ.<\/p>\n Rather than buy $QQQ, we bought the 3x leveraged $TQQQ for a swing.<\/p>\n \u00a0(see charts)<\/p>\n $AMAT was also triggered by an outside day. We have a buy stop in place to add over Monday’s high.<\/p>\n \u00a0(see charts)<\/p>\n $AMD triggered an entry (per intraday alert) over the prior day’s high as it reclaimed the 20-day EMA. Look for a break of the downtrend line as a shot to add. No official add yet.<\/p>\n","protected":false},"author":2,"featured_media":12060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[782],"tags":[],"class_list":["post-17646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wagner-daily-archives"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=17646"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17646\/revisions"}],"predecessor-version":[{"id":17650,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17646\/revisions\/17650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/12060"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=17646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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![\"$TQQQ](\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220104TQQQ.png\" "\\"\\"")
(see charts)<\/p>\n\n\n\n![\"AMAT](\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220104AMAT.png\" "\\"\\"")
(see charts)<\/p>\n\n\n\n![\"AMD](\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220104AMD.png\" "\\"\\"")
(see charts)<\/p>\n\n\n\n\n