{"id":18142,"date":"2021-09-27T06:48:00","date_gmt":"2021-09-27T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18142"},"modified":"2023-02-21T00:55:22","modified_gmt":"2023-02-21T05:55:22","slug":"swing-trading-stocks-092721","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-092721\/","title":{"rendered":"The Wagner Daily &#8211; Trading $TSLA: Swing High Breakout"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210927TSLA.png\" alt=\"$TSLA daily  \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily -September 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;&nbsp; nearing a buy signal&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=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210927watch.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210927open.png\" alt=\"$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>Per intraday alert, added to $SNAP.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Most major indices staged a bullish recovery last week after a rough start.<\/p>\n\n\n\n<p>The Nasdaq Composite dipped below the 50-day MA for a few days but closed back above. The Nasdaq will have to extend above the 20-day EMA to trigger a buy signal in our market timing model.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210927NAZ.png\" alt=\"$Nasdaq daily\" title=\"\"><\/figure>\n\n\n\n<p>Midcap Growth ETF $IWP is showing relative strength vs the Nasdaq and S&amp;P 500, as it&#8217;s already above the 10 and 20-day EMAs and cleared the short-term downtrend line.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210927IWP.png\" alt=\"$IWP daily\" title=\"\"><\/figure>\n\n\n\n<p>Our weekend scans produced a handful of names that could be in play this week, but overall, we did not see a ton of high-quality setups in our CANSLIM universe.<\/p>\n\n\n\n<p>We still have a buy stop order in place for $SQ with an entry over the midpoint of a double-bottom like pattern.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210927SQ.png\" alt=\"$SQ daily  \" title=\"\"><\/figure>\n\n\n\n<p>Below are a few stocks we are monitoring but are not official trade setups. The only official setup is the buy stop in $SQ.<\/p>\n\n\n\n<p>$CRWD reclaimed the 50-day MA last week and could be in play over the two-day high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210927CRWD.png\" alt=\"$CRWD daily  \" title=\"\"><\/figure>\n\n\n\n<p>$DLO cleared the short-term downtrend line and is back above the 10 and 20-day EMAs. A buy stop can be placed over the two-day high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210927DLO.png\" alt=\"$DLO daily  \" title=\"\"><\/figure>\n\n\n\n<p>$TSLA cleared its swing high last Friday on a pick up in volume and is in play on a pullback to the swing high around $365, which would also be a 38% Fibo retracement of Friday&#8217;s wide-ranged candle.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210927TSLA.png\" alt=\"$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>$DLO &#8211; buy stop at 68.00<\/li>\n\n\n\n<li>$NVDA &#8211; buy at\/near 220.00, stop 205.99.<\/li>\n\n\n\n<li>$TSLA &#8211; buy limit just above swing high at 365.00<\/li>\n\n\n\n<li>$SMTC &#8211; buy pullback near prior high around 80.00<\/li>\n\n\n\n<li>$URI &#8211; buy stop at 362.00<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$TSLA cleared its swing high last Friday on a pick up in volume and is in play on a pullback to the swing high around $365, which would also be a 38% Fibo retracement of Friday&#8217;s wide-ranged candle.<\/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-18142","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\/18142","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=18142"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18142\/revisions"}],"predecessor-version":[{"id":18146,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18142\/revisions\/18146"}],"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=18142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}