{"id":18064,"date":"2021-10-14T06:48:00","date_gmt":"2021-10-14T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18064"},"modified":"2023-02-20T22:52:17","modified_gmt":"2023-02-21T03:52:17","slug":"swing-trading-stocks-101421","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-101421\/","title":{"rendered":"The Wagner Daily &#8211; Potential buy signal in $CRWD and $AMD"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211014CRWD.png\" alt=\"$CRWD daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 14, 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 &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=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211014watch.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211014open.png\" alt=\"$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\/211014closed.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>Bought $DDOG and added to $DOCN.&nbsp;&nbsp;<\/li>\n\n\n\n<li>Stopped out of $SQQQ for a scratch gain.&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>Money continued to flow into growth on Wednesday with $IWP outperforming the S&amp;P 500 +1.2% to +0.3%.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211014IWP2.png\" alt=\"$IWP daily\" title=\"\"><\/figure>\n\n\n\n<p>The S&amp;P 500 did close a bullish reversal candle on the daily chart, so let&#8217;s see if the price can push higher to close out the week. The Nasdaq Composite closed with a +0.7% gain and may be ready to push higher after filling its gap.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211014IXIC.png\" alt=\"$NASDAQ COMP daily\" title=\"\"><\/figure>\n\n\n\n<p>Both the S&amp;P 500 and Nasdaq Composite are seven days into a new rally and could put in a follow through day at any time.&nbsp; A follow through day is a 1.5% or more advance in the S&amp;P 500 or Nasdaq Comp on a pick up in volume, which would put our timing model on a buy signal.&nbsp;<\/p>\n\n\n\n<p>The model portfolio stopped out of $SQQQ for a scratch gain. We didn&#8217;t want to stick around on the short side if $QQQ failed to roll over right away.<\/p>\n\n\n\n<p>On the long side, the buy stops in $DOCN and $DDOG triggered and followed through nicely on a pick up in volume. Note that we have a buy limit order to add to $DDOG on a pullback ot the breakout pivot.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211014DDOG.png\" alt=\"$DDOG daily\" title=\"\"><\/figure>\n\n\n\n<p>$BILL cleared resistance at $280 and its downtrend line on a pick up in volume. We have a buy limit order around $290 in case the price pulls back in for a day or two. We also have a buy stop in place at the base high. Note that the relative strength line at the bottom of the chart has already made a new high ahead of price, a bullish sign.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211014BILL.png\" alt=\"$BILL daily\" title=\"\"><\/figure>\n\n\n\n<p>$SE cleared the downtrend line of its flat base pattern on a pick up in volume on the daily chart. The weekly chart below shows the flat base and entry at the highs of the pattern. If $SE doesn&#8217;t break out right away, then we will look for a short pause or pullback to establish partial size.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211014SE.png\" alt=\"$SE daily\" title=\"\"><\/figure>\n\n\n\n<p>$CRWD finally showed some signs of life on Wednesday by reclaiming the 50-day MA on a pick up in volume. $AMD did as well.&nbsp; We are not buying $CRWD right now just monitoring the chart.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211014CRWD.png\" alt=\"$CRWD daily\" title=\"\"><\/figure>\n\n\n\n<p>Money is rotating into growth&#8230; let&#8217;s see if that continues. Our short-term game plan is to monitor new positions for follow-through and add exposure as setups develop.<\/p>\n\n\n\n<p>Other stocks we are monitoring:<\/p>\n\n\n\n<p>HCC NFLX FTNT MRVL AMD SNOW AMBA ABNB PRFT BILL MDB DOCN DDOG ASAN TNDM U AFRM BROS LC AEHR ZS ENPH UPST added SI HUT BTU MTTR MARA MSTR CARG<\/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>NFLX &#8211; buy at 633.00 (pullback entry off rising 10ema)<\/li>\n\n\n\n<li>MSTR &#8211; buy at 728.00 (2-day pullback)&nbsp;<\/li>\n\n\n\n<li>$ABNB &#8211; buy at 176.00&nbsp;<\/li>\n\n\n\n<li>$AMD &#8211; buy limit at 108.00 (slight pullback after a strong move up)<\/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>$CRWD finally showed some signs of life on Wednesday by reclaiming the 50-day MA on a pick up in volume. $AMD did as well.\u00a0 We are not buying $CRWD right now just monitoring the chart.\u00a0<\/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-18064","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\/18064","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=18064"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18064\/revisions"}],"predecessor-version":[{"id":18068,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18064\/revisions\/18068"}],"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=18064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}