{"id":17758,"date":"2021-12-09T06:48:00","date_gmt":"2021-12-09T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17758"},"modified":"2023-02-17T03:48:18","modified_gmt":"2023-02-17T08:48:18","slug":"swing-trading-stocks-120921","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-120921\/","title":{"rendered":"The Wagner Daily &#8211; Market Rally Triggers Nasdaq Buy Signal"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211209IXIC.png\" alt=\"Nasdaq Comp daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; December 9, 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><em>The Wagner Daily &#8211; <\/em>December 9, 2021<em><br \/>Proven swing trading strategy, top ETF &amp; stock picks, and market timing model&#8230;since 2002<\/em><\/p>\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=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" title=\"\"><br \/><br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211209open.png\" alt=\"$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\/2021\/211209closed.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 $ZIM and stopped out.<\/li>\n\n\n\n<li>$TSLA buy limit order 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>All major indices closed in positive territory on day three of a new rally attempt in the market. The Nasdaq Composite triggered a buy signal in our timing model with Wednesday&#8217;s close at least 1% above the 21-day EMA. Since the correction off the highs (so far) is less than 10%, we don&#8217;t need a follow-through day to produce a buy signal.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211209IXIC.png\" alt=\"Nasdaq Comp daily\" title=\"\"><\/figure>\n\n\n\n<p>$TSLA was added to the model portfolio on a buy limit order.<\/p>\n\n\n\n<p>Per intraday alert, we bought $ZIM as it cleared the handle high on heavy volume. We stopped out a few hours later as the price rolled over and hit our stop below $57. Overall, the daily chart of $ZIM remains in decent shape but may now need a few days of chop to work off Wednesday&#8217;s ugly reversal.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211209ZIM.png\" alt=\"ZIM daily\" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Thursday but we are monitoring a handful of stocks for an entry on strength or short-term weakness.<\/p>\n\n\n\n<p>$QCOM is potentially in play over the two-day high and downtrend line after Wednesday&#8217;s tight-ranged inside and NR7 day.<\/p>\n\n\n\n<p>This is not an official setup<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211209QCOM.png\" alt=\"QCOM daily \" title=\"\"><\/figure>\n\n\n\n<p>$NVDA has formed a tight trading range on the hourly chart allowing the rising 20-period EMA to catch up.&nbsp; Over the two-day high is a possible option for an entry or&nbsp;over the tight-ranged hourly chop.<\/p>\n\n\n\n<p>This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211209NVDA.png\" alt=\"qcom 60\" title=\"\"><\/figure>\n\n\n\n<p>Other stocks to monitor &#8211; $MU $SLAB $PI $AMAT $MTTR ABNB $APP $MTTR(rip from tight 60 min)<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$QCOM &#8211; buy at 185.00<\/li>\n\n\n\n<li>$SNOW &#8211; pullback to $360 ( 10 and 20-day EMAs)<\/li>\n\n\n\n<li>$IONQ &#8211; volatile stock &#8211;\u00a0\u00a0buy at 22.30\u00a0<\/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>All major indices closed in positive territory on day three of a new rally attempt in the market. The Nasdaq Composite triggered a buy signal in our timing model with Wednesday&#8217;s close at least 1% above the 21-day EMA. Since the correction off the highs (so far) is less than 10%, we don&#8217;t need a follow-through day to produce a buy signal.<\/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-17758","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\/17758","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=17758"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17758\/revisions"}],"predecessor-version":[{"id":17786,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17758\/revisions\/17786"}],"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=17758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}