{"id":17728,"date":"2021-12-16T06:48:00","date_gmt":"2021-12-16T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17728"},"modified":"2023-02-17T03:10:31","modified_gmt":"2023-02-17T08:10:31","slug":"swing-trading-stocks-121621","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-121621\/","title":{"rendered":"The Wagner Daily &#8211; $ANET Breakout Confirmed by Volume"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211216MRVL.png\" alt=\"MRVL  daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; ,  December 16, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; BUY (signal triggered on 12\/15 close)<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211216watch.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>Per intraday alert, bought $NVDA.<\/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>A bullish reaction to the Fed meeting fueled a sharp rally in the last 90-minutes of trading that produced a follow-through day buy signal for the S&amp;P 500 and Nasdaq Composite on day 8 of a new rally attempt.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211216SPX.png\" alt=\"s&amp;p 500 daily\" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211216IXIC.png\" alt=\"Nasdaq Comp  daily\" title=\"\"><\/figure>\n\n\n\n<p>The follow-through day is a well-known buy signal popularized by William O&#8217; Neil that should be confirmed by bullish charts. Not all follow-through days are created equal. Some occur with a ton of charts ready to breakout while others are a dud.<\/p>\n\n\n\n<p>The S&amp;P 500 is leading the market higher with big&nbsp;cap leadership such as $AAPL, $MSFT, $ORCL, $QCOM, $MRVL, and $MU.<\/p>\n\n\n\n<p>The faster moving growth stocks that we prefer to trade have been hit hard in Q4 and are still 20-40% off recent highs. These charts are not ready and will likely need 3-5 weeks more of basing to produce reliable buy points.<\/p>\n\n\n\n<p>Stocks we are currently monitoring in addition to those mentioned above: $AMD $NVDA $MXL $PI $SNOW $SLAB $ANET $PSTG $F $AA $FAST $LCID<\/p>\n\n\n\n<p>There is one official buy setup for Thursday in $MRVL, which we are looking to enter on slight weakness after a bounce off the 10-day EMA. Wednesday&#8217;s session was a bullish outside day, where the day&#8217;s high&nbsp;is higher than the prior day&#8217;s high and day&#8217;s low is lower than the prior day&#8217;s low. The close should be above the midpoint of the day&#8217;s range.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211216MRVL.png\" alt=\"MRVL  daily\" title=\"\"><\/figure>\n\n\n\n<p>$ANET broke out to new highs from a bullish 5-week consolidation on Wednesday&#8217;s follow through day. The breakout was confirmed by volume which was 70% above average (40% or more is ideal).<\/p>\n\n\n\n<p>No entry yet on $ANET, as we are waiting for a lower-risk buy point to emerge, such as a few hours of tight-ranged chop on the hourly chart or a slight pullback to the $135 &#8211; $136 area.<\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"MRVL  daily\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211216ANET4.png\" title=\"\">Add<\/p>\n\n\n\n<p>If this is the beginning of a new rally, then we should see more setups develop along the way. Avoid chasing entries.<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>none<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$ANET broke out to new highs from a bullish 5-week consolidation on Wednesday&#8217;s follow through day. The breakout was confirmed by volume which was 70% above average (40% or more is ideal).<\/p>\n<p>No entry yet on $ANET, as we are waiting for a lower-risk buy point to emerge, such as a few hours of tight-ranged chop on the hourly chart or a slight pullback to the $135 &#8211; $136 area.<\/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-17728","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\/17728","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=17728"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17728\/revisions"}],"predecessor-version":[{"id":17750,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17728\/revisions\/17750"}],"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=17728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}