{"id":18018,"date":"2021-10-25T06:48:00","date_gmt":"2021-10-25T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18018"},"modified":"2023-02-20T22:19:04","modified_gmt":"2023-02-21T03:19:04","slug":"swing-trading-stocks-102521","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-102521\/","title":{"rendered":"The Wagner Daily &#8211; Nasdaq Composite has first Distribution Day since October 14"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211025IXIC.png\" alt=\"$Nasdaq daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 25, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; sell (waiting for a buy signal)&nbsp;&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211025watch.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\/211025open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211025closed.png\" alt=\"$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 $UPST for a 10% gain on the first two buys and a small loss on the last buy.<\/li>\n\n\n\n<li>Per intraday alert, stopped out of $CRWD for a small loss&nbsp;&nbsp;<\/li>\n\n\n\n<li>$CRWD official add has been canceled and is no longer on the watchlist.&nbsp;<\/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 Nasdaq Composite closed with a distribution day (DD) last Friday, the first since the 10\/14 follow-through day that generated a buy signal in our timing model.<\/p>\n\n\n\n<p>Some distribution is fine as long as the count doesn&#8217;t grow to 3-4 DDs within a short period of time. If the Nasdaq does pull back in, there is plenty of support from the 20-day EMA and 50-day MA around 14,900.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211025IXIC.png\" alt=\"$Nasdaq daily\" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio stopped out of $UPST for a 10% gain on the first two buys and a small loss on the last add. Per intraday alert, we re-entered $UPST looking for last Friday&#8217;s low to hold.<\/p>\n\n\n\n<p>We also stopped out of $CRWD for a small loss due to the false breakout action.<\/p>\n\n\n\n<p>There is one new official setup for Monday&#8217;s session in $CELH.<\/p>\n\n\n\n<p>$CELH has been in consolidation mode for a few weeks and recently tightened up above the 20-day EMA last week. Note the volume drying up as well.<\/p>\n\n\n\n<p>Last Friday&#8217;s reversal candle is a buy signal, with an entry over the 2 and 3-day high.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Earnings are three weeks away on 11\/11.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211025CELH.png\" alt=\"$CELH daily\" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$MDB &#8211; buy at 517.50<\/li>\n\n\n\n<li>$CRWD &#8211; buy at 291.00<\/li>\n\n\n\n<li>watching $UPST $COIN $MARA $FANG $CRC $SKIN $ZI $UPWK\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>The Nasdaq Composite closed with a distribution day (DD) last Friday, the first since the 10\/14 follow-through day that generated a buy signal in our timing model.<\/p>\n<p>Some distribution is fine as long as the count doesn&#8217;t grow to 3-4 DDs within a short period of time. If the Nasdaq does pull back in, there is plenty of support from the 20-day EMA and 50-day MA around 14,900.<\/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-18018","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\/18018","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=18018"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18018\/revisions"}],"predecessor-version":[{"id":18022,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18018\/revisions\/18022"}],"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=18018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}