{"id":17716,"date":"2021-12-22T06:48:00","date_gmt":"2021-12-22T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17716"},"modified":"2023-02-17T02:33:40","modified_gmt":"2023-02-17T07:33:40","slug":"swing-trading-stocks-122221","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-122221\/","title":{"rendered":"The Wagner Daily &#8211; Positive Breakaway Gap for $MU"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211222MU.png\" alt=\"MU daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner December 22, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; SELL&nbsp;&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211222watch.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\/open.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>No trades triggered.<\/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>Holiday Schedule<\/strong> &#8211; US markets will be closed on Friday, December 24. An abbreviated version of The Wagner Daily will be published on Wednesday night for Thursday&#8217;s session. No report Thursday night but back to work on Sunday night.<\/p>\n\n\n\n<p><strong>Happy Holidays!<\/strong><\/p>\n\n\n\n<p>The market followed through on Monday&#8217;s reversal action with solid gains in all major averages. Growth ETFs $ARKK, $FFTY, and $IWP led with gains of +3%. Small caps rallied +2.9%, and the Nasdaq Composite +2.8%. The S&amp;P 500 just missed out on printing a second follow-through day due to lighter volume on a +1.8% gain.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The S&amp;P 500 reclaimed the 20ema and 50ma but the Nasdaq remains below both and is still in a downtrend with two lower highs and lower lows in place. The Nasdaq will have to work through quite a bit of resistance to take out the swing high (last lower high) and reverse the downtrend.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211222IXIC.png\" alt=\"Nasdaq comp daily\" title=\"\"><\/figure>\n\n\n\n<p>A handful of stocks caught our attention on Tuesday. Maybe one or two small pilot buys can be made by aggressive traders with reduced size and\/or a tight stop, but there isn&#8217;t enough evidence to justify taking much risk.<\/p>\n\n\n\n<p>$ANET cleared the two-day high with an inside bar on Tuesday. Volume ticked higher with a close back above the original pivot. A slight pullback to the $136.50 &#8211; $137 area can serve as an entry with a stop beneath Monday&#8217;s low or Friday&#8217;s low for those with more patience.<\/p>\n\n\n\n<p>This is an official setup on today&#8217;s watchlist.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211222ANET.png\" alt=\"ANET daily \" title=\"\"><\/figure>\n\n\n\n<p>Other charts we are monitoring:<\/p>\n\n\n\n<p>$DDOG has held up really well and could potentially be in play unofficially on a test of the 50-day MA this week.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211222DDOG.png\" alt=\"DDOG daily \" title=\"\"><\/figure>\n\n\n\n<p>$MU&#8217;s breakaway gap up held, a positive sign. In a strong market, a buy stop can be placed over the gap-up day high, but given that conditions are less than ideal it&#8217;s a higher risk entry.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211222MU.png\" alt=\"MU daily \" title=\"\"><\/figure>\n\n\n\n<p>Few more symbols to monitor: $CIEN $PSTG $PI $SNOW $AMD $ON $MRVL $QCOM $PANW $MDB<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>none<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$MU&#8217;s breakaway gap up held, a positive sign. In a strong market, a buy stop can be placed over the gap-up day high, but given that conditions are less than ideal it&#8217;s a higher risk entry.<\/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-17716","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\/17716","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=17716"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17716\/revisions"}],"predecessor-version":[{"id":17720,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17716\/revisions\/17720"}],"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=17716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}