{"id":17932,"date":"2021-11-02T06:48:00","date_gmt":"2021-11-02T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17932"},"modified":"2023-02-20T03:26:50","modified_gmt":"2023-02-20T08:26:50","slug":"swing-trading-stocks-110221","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-110221\/","title":{"rendered":"The Wagner Daily &#8211; $NVDA and $AMD added to Portfolio"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211102AMD.png\" alt=\"AMD daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; November 2, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; BUY&nbsp;&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211102watch2.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\/211102open.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>$NVDA buy limit order triggered.<\/li>\n\n\n\n<li>Per intraday alert, bought $AMD.<\/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>Russell 2000 Small Cap ETF $IWM cleared the highs of a 7-month long base and closed with a +2.6% gain. The strength in small caps signals a risk-on environment and provides further evidence that the current rally is picking up steam. Based on what we&#8217;ve seen since the follow-through day, we expect the market to remain in rally mode through the end of the year with the usual short-term pullbacks along the way.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211102IWM.png\" alt=\"IWM daily\" title=\"\"><\/figure>\n\n\n\n<p>$NVDA and $AMD were added to the model portfolio on Monday. $AMDs entry was via an intraday buy alert.<\/p>\n\n\n\n<p>We liked the bullish reversal candle action in $NVDA after Monday&#8217;s lower open. Note that we plan to add over Monday&#8217;s high, which is about 2.5% above the high of the base (2-3% above the base high is a decent spot for and add&#8230;but 4-5% is a bit too extended).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211102AMD.png\" alt=\"AMD daily\" title=\"\"><\/figure>\n\n\n\n<p>$ZI closed 3.8% higher in after-hours trading in reaction to earnings. Volume during the after-hours session was heavy at 100% of the 50-day moving average of volume, a bullish sign.<\/p>\n\n\n\n<p>$ZI is a buyable gap-up if the open is at $71 or higher. If we decide to enter it will be through an intraday alert.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211102ZI.png\" alt=\"ZI daily\" title=\"\"><\/figure>\n\n\n\n<p>At $71, $ZI sets a new all-time high with no overhead resistance above.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211102ZI2.png\" alt=\"ZI weekly\" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$S &#8211; buy at 67.35 (watch out for false trigger on open if there is a gap up).<\/li>\n\n\n\n<li>$ZI &#8211; buy at&nbsp; 71.00&nbsp;<\/li>\n\n\n\n<li>$AEHR &#8211; buy around 22.80 (break of 60 min downtrend)<\/li>\n\n\n\n<li>$MARA &#8211; buy at 56.50&nbsp;<\/li>\n\n\n\n<li>watching $LI $XPEV $AFRM $MQ $ZIM\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$NVDA and $AMD were added to the model portfolio on Monday. $AMDs entry was via an intraday buy alert.<\/p>\n<p>We liked the bullish reversal candle action in $NVDA after Monday&#8217;s lower open. Note that we plan to add over Monday&#8217;s high, which is about 2.5% above the high of the base (2-3% above the base high is a decent spot for and add&#8230;but 4-5% is a bit too extended).<\/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-17932","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\/17932","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=17932"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17932\/revisions"}],"predecessor-version":[{"id":17974,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17932\/revisions\/17974"}],"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=17932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}