{"id":18006,"date":"2021-10-27T06:48:00","date_gmt":"2021-10-27T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18006"},"modified":"2023-02-20T22:10:39","modified_gmt":"2023-02-21T03:10:39","slug":"swing-trading-stocks-102721","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-102721\/","title":{"rendered":"The Wagner Daily &#8211; New Buy Setup: $APP Swing Trade"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211027APP.png\" alt=\"$APP daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 27, 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;<\/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=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211027watch.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211027open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$closed positions\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211027closed.png\" title=\"\"><br \/>Add<\/p>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stopped out of $ASAN, $LC, $SE, $SNOW, $UPST, and $BILL.<\/li>\n\n\n\n<li>Bought $TSLA and $CRWD.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Although the Nasdaq closed slightly higher on the day, the higher volume and weak close produced a day of churning (stalling), which is distribution.&nbsp; This is the second distribution day for the Nasdaq since the follow-through day. Another distribution day this week would be cause for concern, but let&#8217;s see how leading stocks react over the next few days.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211027IXIC.png\" alt=\"$Nasdaq daily\" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio stopped out of several positions on Tuesday reducing exposure to just under 50%. Small gains in $ASAN and $LC offset losses in $SE, $UPST, and $BILL.<\/p>\n\n\n\n<p>$DOCN and $DDOG held up well and are still in trend mode. Note the new stops for these positions and others above.<\/p>\n\n\n\n<p>$TSLA and $CRWD were added to the model portfolio. Both positions did not close well but let&#8217;s see if they can bounce back during the next few days.<\/p>\n\n\n\n<p>There is one new official buy setup for Wednesday in $APP. This is a swing trade based on the first pullback to the 8-day EMA in a strong uptrend.&nbsp;<\/p>\n\n\n\n<p>$APP also bounced off support of the prior base high and closed above the 8-day EMA for the second day in a row.<\/p>\n\n\n\n<p>We like $APP for a swing trade based on Tuesday&#8217;s inside day. The entry is over the two-day high on the daily chart. $APP reports earnings on 11\/10.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211027APP.png\" alt=\"$APP daily\" title=\"\"><\/figure>\n\n\n\n<p>The hourly chart of $APP is trading in a tight range below the 20-period EMA and is potentially in play over $95. The $95 entry isn&#8217;t official, just something we wanted to point out for more aggressive traders.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211027APP2.png\" alt=\"$APP 60 MIN\" title=\"\"><\/figure>\n\n\n\n<p>$LTHM is not an official setup but one that could be in play over Tuesday&#8217;s high for those who don&#8217;t mind taking a shot ahead of earnings(11\/4).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211027LTHM.png\" alt=\"$LTHM daily  \" title=\"\"><\/figure>\n\n\n\n<p>Let&#8217;s see how recent entries in $TSLA, $SI, $CRWD, and $CELH hold up the rest of the week.<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$LTHM &#8211; buy stop 26.55 reports 11\/4<\/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>There is one new official buy setup for Wednesday in $APP. This is a swing trade based on the first pullback to the 8-day EMA in a strong uptrend.\u00a0<\/p>\n<p>$APP also bounced off support of the prior base high and closed above the 8-day EMA for the second day in a row.<\/p>\n<p>We like $APP for a swing trade based on Tuesday&#8217;s inside day. The entry is over the two-day high on the daily chart. $APP reports earnings on 11\/10.<\/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-18006","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\/18006","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=18006"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18006\/revisions"}],"predecessor-version":[{"id":18010,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18006\/revisions\/18010"}],"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=18006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}