{"id":18012,"date":"2021-10-26T06:48:00","date_gmt":"2021-10-26T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18012"},"modified":"2023-02-20T22:15:18","modified_gmt":"2023-02-21T03:15:18","slug":"swing-trading-stocks-102621","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-102621\/","title":{"rendered":"The Wagner Daily &#8211; $NVDA Breakout Watch"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211026NVDA.png\" alt=\"$NVDA daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 26, 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<\/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=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211026watch.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211026open2.png\" alt=\"$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\/211026closed.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>Stopped out of the 3% add in $SE<\/li>\n\n\n\n<li>Per intraday alert, sold half of $BILL due to the lack of follow through and poor closing action.<\/li>\n\n\n\n<li>Per intraday alert, bought $SI.<\/li>\n\n\n\n<li>$CELH 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>The S&amp;P 500 continues to climb higher while tech struggles.&nbsp; $XLK has been range bound for almost a week with and its relative strength has lost some ground vs $SPY.&nbsp;&nbsp;&nbsp;There is enough evidence out there to confirm that a new bull market is underway, so money should eventually flow back into tech.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211026XLK.png\" alt=\"$XLK daily\" title=\"\"><\/figure>\n\n\n\n<p>$CELH and $SI were added to the model portfolio on Monday. The $CELH buy stops triggered early and the $SI entry was via an intraday alert. Note that we have a buy stop order in place to add to $CELH over Monday&#8217;s high.<\/p>\n\n\n\n<p>In addition to the $CELH add, there are two new buy setups for Tuesday&#8217;s session.<\/p>\n\n\n\n<p>$NVDA broke out to a new all-time high from a valid basing pattern on Monday. Volume was lighter than average and did not confirm the breakout. We have a buy stop in place over Monday&#8217;s high looking for the price to follow through to the upside on a pick up in volume.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211026NVDA.png\" alt=\"$NVDA daily\" title=\"\"><\/figure>\n\n\n\n<p>$TSLA broke out from an eight-month-long base with a gap up to new all-time highs. The 12% gain on a 240% jump in volume was impressive.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211026TSLA.png\" alt=\"$TSLA weekly  \" title=\"\"><\/figure>\n\n\n\n<p>The big volume gap up to new all-time highs is a buy signal. We have two potential buy setups in place:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buy stop over Monday&#8217;s high&nbsp;&nbsp;<\/li>\n\n\n\n<li>Buy limit near the 1,000 level<\/li>\n<\/ul>\n\n\n\n<p>Whichever setup triggers first is the one we will officially trade.&nbsp; The other is to be canceled right away.&nbsp;&nbsp;Only one setup can trigger.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211026TSLA2.png\" alt=\"$TSLA 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>$LTHM &#8211;&nbsp; buy at 26.30 (reversal candle) reports 11\/4<\/li>\n\n\n\n<li>$MDB &#8211; buy at 252.30 (breakout)<\/li>\n\n\n\n<li>$APPS &#8211; buy at 87.30 (swing trade heading into earnings 11\/2)<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$NVDA broke out to a new all-time high from a valid basing pattern on Monday. Volume was lighter than average and did not confirm the breakout. We have a buy stop in place over Monday&#8217;s high looking for the price to follow through to the upside on a pick up in volume.<\/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-18012","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\/18012","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=18012"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18012\/revisions"}],"predecessor-version":[{"id":18016,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18012\/revisions\/18016"}],"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=18012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}