{"id":17858,"date":"2021-11-04T06:48:00","date_gmt":"2021-11-04T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17858"},"modified":"2023-02-20T03:16:10","modified_gmt":"2023-02-20T08:16:10","slug":"swing-trading-stocks-110421","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-110421\/","title":{"rendered":"The Wagner Daily &#8211; Watching $SKIN Pre-Earnings Breakout"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211104SKIN.png\" alt=\"$SKIN daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; November 4, 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 id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211104watch.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211104open.png\" alt=\"$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, added to $TSLA.<\/li>\n\n\n\n<li>$YNDX buy stop triggered.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>$SPY and $QQQ continue to trend higher riding the 5-day EMA in a lockout rally.<\/p>\n\n\n\n<p>Per intraday alert, we added to $TSLA on a bull-flag-like pause. $YNDX triggered its buy stop over the four-day high on a pick-up in volume.<\/p>\n\n\n\n<p>There are two new official setups for Thursday&#8217;s session in $S and $ENPH.<\/p>\n\n\n\n<p>$S is a recent IPO with a 9-week long and 30% deep cup. Although it lacks earnings, the quarterly sales growth is impressive at 96%, 108%, and 121% the last three quarters.<\/p>\n\n\n\n<p>The first entry is over the high of Wednesday&#8217;s inside day and the other over the high of 10\/27.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211104S.png\" alt=\"$S daily\" title=\"\"><\/figure>\n\n\n\n<p>$ENPH has formed a bull-flag-like pause the past few days. We are adding to an existing position over the high of Wednesday&#8217;s inside day with a stop beneath the two-day low.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211104ENPH.png\" alt=\"$ENPH daily\" title=\"\"><\/figure>\n\n\n\n<p>$SKIN is not an official setup due to earnings just around the corner on 11\/9. However, $SKIN is in play over the two-day high with a stop beneath Wednesday&#8217;s low, looking for immediate follow-through. If the breakout works one may be able to hold through earnings with a decent profit buffer. Generally speaking, we feel comfortable holding a full position through earnings with a profit buffer of 7-10%. If less than 5%, then we may have to reduce position size or exit the trade ahead of the report (depends on the type of stock and market conditions).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211104SKIN.png\" alt=\"$SKIN daily\" title=\"\"><\/figure>\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>$SKIN&nbsp; &#8211; buy at 30.10 (play for pop in to 11\/9 earnings with chance to hold)<\/li>\n\n\n\n<li>$XPEV &#8211; buy at 47.00 (play for pop in to 11\/11 earnings with chance to hold)<\/li>\n\n\n\n<li>:$LILM &#8211; buy at 9.57 (IPO with inside day near lows of base)&nbsp;<\/li>\n\n\n\n<li>watching $CPE $FANG $DNA $PGNY $ABNB $IONQ $ON $LC $MTTR $TASK $DDD\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$SKIN is not an official setup due to earnings just around the corner on 11\/9. However, $SKIN is in play over the two-day high with a stop beneath Wednesday&#8217;s low, looking for immediate follow-through. If the breakout works one may be able to hold through earnings with a decent profit buffer. Generally speaking, we feel comfortable holding a full position through earnings with a profit buffer of 7-10%. If less than 5%, then we may have to reduce position size or exit the trade ahead of the report (depends on the type of stock and market conditions).<\/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-17858","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\/17858","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=17858"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17858\/revisions"}],"predecessor-version":[{"id":17962,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17858\/revisions\/17962"}],"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=17858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}