{"id":17668,"date":"2021-12-30T06:48:00","date_gmt":"2021-12-30T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17668"},"modified":"2023-02-16T23:50:29","modified_gmt":"2023-02-17T04:50:29","slug":"swing-trading-stocks-123021","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-123021\/","title":{"rendered":"The Wagner Daily &#8211; Stock Update: Buy Signal for AMAT"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230AMAT.png\" alt=\"AMAT daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; December 30, 2021<\/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; BUY &nbsp;&nbsp;<\/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=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230watch.png\" title=\"\"><br \/><br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230open.png\" alt=\"$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=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2020\/closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$AMD add triggered.<\/li>\n\n\n\n<li>Canceled the $TSLA buy limit order for now.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Just a reminder, US markets will be open this Friday and the following Monday as it is the end of the quarter, month, and year.&nbsp;<\/p>\n\n\n\n<p>Happy New Year!<\/p>\n\n\n\n<p>Broad market averages chopped around for the second day in a row after a sharp run-up.&nbsp; &nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230SPX.png\" alt=\"SP 500\" title=\"\"><\/figure>\n\n\n\n<p>$QQQ closed at the $400 resistance level.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230QQQ.png\" alt=\"QQQ daily\" title=\"\"><\/figure>\n\n\n\n<p>$SPY and $QQQ look good.&nbsp; $IWM,&nbsp;&nbsp;$FFTY, and $IWP are ugly laggards.&nbsp;&nbsp;<\/p>\n\n\n\n<p>$ARRK is another growth-based ETF we monitor. The daily chart below has broken a clear support level at $100 and may be vulnerable to further&nbsp;weakness. Note the moving averages are all in order to the downside, with the declining 20 &lt; 50 &lt; 200.<\/p>\n\n\n\n<p>We&#8217;d love to see $ARKK retake $100 and hold.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230ARKK.png\" alt=\"ARKK daily\" title=\"\"><\/figure>\n\n\n\n<p>$AMAT &#8211;&nbsp; Wedneday&#8217;s tight-ranged inside day is a chance to add with a buy stop over the day&#8217;s high. This is an official setup.<\/p>\n\n\n\n<p>Also, note that we canceled the $TSLA buy limit order for now but will continue to monitor the action.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230AMAT.png\" alt=\"AMAT daily\" title=\"\"><\/figure>\n\n\n\n<p>$AMD disappointed on Wednesday, selling off a bit more than expected given the solid price action earlier in the week. Let&#8217;s see if the 10-day EMA holds.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230AMD.png\" alt=\"AMD daily\" title=\"\"><\/figure>\n\n\n\n<p>$NVDA pulled back to support.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230NVDA.png\" alt=\"NVDA  daily\" title=\"\"><\/figure>\n\n\n\n<p>$EXPE and $F are not official setups but are a few charts we are monitoring.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230EXPE.png\" alt=\"EXPE  daily\" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211230F.png\" alt=\"F  daily\" title=\"\"><\/figure>\n\n\n\n<p>A few more stocks that that could be in play: $SLAB $QCOM $ANET $TREX $PI $PANW &#8211; $ARCB &amp; $FTNT (on pullbacks).<\/p>\n\n\n\n<p>Despite the S&amp;P 500 setting new highs and our timing model on a buy signal, we still have more questions than answers regarding the health of the market, which shouldn&#8217;t be the case. We don&#8217;t mind having some exposure but see no reason to step on the gas just yet.&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$SLAB &#8211; buy stop 208.00<\/li>\n\n\n\n<li>$EXPE &#8211; buy stop 182.00<\/li>\n\n\n\n<li>$PANW &#8211; buy stop $566.00 (reversal candle)<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$AMAT &#8211;\u00a0 Wedneday&#8217;s tight-ranged inside day is a chance to add with a buy stop over the day&#8217;s high. This is an official setup.<\/p>\n<p>Also, note that we canceled the $TSLA buy limit order for now but will continue to monitor the action.<\/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-17668","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\/17668","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=17668"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17668\/revisions"}],"predecessor-version":[{"id":17672,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17668\/revisions\/17672"}],"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=17668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}