{"id":17876,"date":"2021-11-17T06:48:00","date_gmt":"2021-11-17T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17876"},"modified":"2023-02-20T02:14:26","modified_gmt":"2023-02-20T07:14:26","slug":"swing-trading-stocks-111721","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-111721\/","title":{"rendered":"The Wagner Daily &#8211; Breakaway Gap Strategy for Traders"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211117ONON2.png\" alt=\"ONON 5-MINUTE\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211;  November 17, 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=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211117watch.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211117open.png\" alt=\"$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=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$ABNB 4% buy stop triggered. $RBLX 3% buy limit 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>Money continued to flow into growth on Tuesday, with at least 30 stocks on our internal watchlist up 4% or more. Growth ETF $IWP outperformed $SPY and $QQQ with a +1.1% gain.<\/p>\n\n\n\n<p>Per last night&#8217;s report, the first $ABNB buy stop triggered, as did the $RBLX buy limit at $105.<\/p>\n\n\n\n<p>There is one new official setup added to Wednesday&#8217;s watchlist.<\/p>\n\n\n\n<p>Adding to $S over Tuesday&#8217;s inside day, as the price closed back above the base high after a one day shakeout. The stop is about 6% away, just beneath Monday&#8217;s low.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211117S.png\" alt=\"S daily\" title=\"\"><\/figure>\n\n\n\n<p>In last night&#8217;s report, we discussed a potential breakaway gap-up scenario in $ONON.<\/p>\n\n\n\n<p>$ONON gapped and ran 25% on 5x average volume.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211117ONON1.png\" alt=\"ONON daily\" title=\"\"><\/figure>\n\n\n\n<p>For those who are watching the open, breakaway gap ups on volume are in play over the 1 or 5-minute high if volume is strong on the open. Not all big gap ups are in play. We prefer to focus on higher-quality names that have big earnings or sales growth. The gap should either be to or near a 52-week high, or one that reclaims the 50-day MA off the lows of a base.<\/p>\n\n\n\n<p>$ONON triggered an entry over the 5-minute high Tuesday.&nbsp; Have to be quick with these entries.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211117ONON2.png\" alt=\"ONON 5-MINUTE\" title=\"\"><\/figure>\n\n\n\n<p>$SEDG potentially in play on strength over the two-day high or on weakness around the 10-day EMA. $SEDG is part of a strong group move with $ENPH leading.<\/p>\n\n\n\n<p>Not an official setup<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211117SEDG.png\" alt=\"SEDG daily\" title=\"\"><\/figure>\n\n\n\n<p>$LC has struggled as of late but may soon find a bottom with the 20-day EMA catching up to the price.<\/p>\n\n\n\n<p>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\/211117LC.png\" alt=\"LC 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>watching DDOG $ANET $SEDG $SI $HUT $LC $AFRM $COIN $BROS $APP<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For those who are watching the open, breakaway gap ups on volume are in play over the 1 or 5-minute high if volume is strong on the open. Not all big gap ups are in play. We prefer to focus on higher-quality names that have big earnings or sales growth. The gap should either be to or near a 52-week high, or one that reclaims the 50-day MA off the lows of a base.<\/p>\n<p>$ONON triggered an entry over the 5-minute high Tuesday.\u00a0 Have to be quick with these entries.<\/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-17876","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\/17876","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=17876"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17876\/revisions"}],"predecessor-version":[{"id":17902,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17876\/revisions\/17902"}],"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=17876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}