{"id":18250,"date":"2021-09-07T06:48:00","date_gmt":"2021-09-07T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18250"},"modified":"2023-02-21T05:28:34","modified_gmt":"2023-02-21T10:28:34","slug":"swing-trading-stocks-090721","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-090721\/","title":{"rendered":"The Wagner Daily &#8211; Price Tightening, a Constructive Sign"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210907DDOG2.png\" alt=\"$DDOG weekly\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; September 7, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; buy mode (but cautious)&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210907watch.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\/210907open.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, bought $DOCU due to positive reaction to earnings.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Money continues to flow back into growth after a summer full of chop for the majority of names we follow.<\/p>\n\n\n\n<p>$IWP is just now breaking out and extending from the highs of its last base after seven months of chop.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210907IWP.png\" alt=\"$IWP daily\" title=\"\"><\/figure>\n\n\n\n<p>There are a handful of new setups on Tuesday&#8217;s watchlist.<\/p>\n\n\n\n<p>First up is $DOCU, which blasted higher last Friday in reaction to earnings. Per intraday alert, we bought a small starter position on Friday and plan to add to the position over Friday&#8217;s high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210907DOCU.png\" alt=\"$DOCU daily\" title=\"\"><\/figure>\n\n\n\n<p>Adding to $DDOG over last week&#8217;s high. After a few stalls at $139, a move through $140 could spark the next wave up. We also like the price trading above the close of the gap-up day, as is the 10-day EMA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210907DDOG1.png\" alt=\"$DDOG daily\" title=\"\"><\/figure>\n\n\n\n<p>The weekly chart clearly shows the price tightening up last week and trading within the prior week&#8217;s wick, a constructive sign.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210907DDOG2.png\" alt=\"$DDOG weekly\" title=\"\"><\/figure>\n\n\n\n<p>Buying $CRWD on weakness with a limit order based on last week&#8217;s bounce off the 10-day EMA. Look for $CRWD to work its way higher the next few weeks after breaking out to new highs.<\/p>\n\n\n\n<p>&nbsp;<img decoding=\"async\" alt=\"$CRWD daily\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210907CRWD.png\" title=\"\">Add<\/p>\n\n\n\n<p>We are adding to $SNAP over Friday&#8217;s high based on the shakeout and close back above the 20-day EMA.<\/p>\n\n\n\n<p>The price held the 10-week MA on a weekly chart and is now six weeks into a flat base-like pattern since the big volume gap up on 7\/23.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210907SNAP.png\" alt=\"$SNAP 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>$DLO &#8211; for active traders (in play over the 5-minute high if it opens at or above 70)<\/li>\n\n\n\n<li>$AMD &#8211; buy at 113.37 (possibly ready to move out after a few weeks of chop)&nbsp;<\/li>\n\n\n\n<li>$GLBE &#8211; buy at 80.00 (over high of Friday&#8217;s inside day for a swing)&nbsp;<\/li>\n\n\n\n<li>$SQ &#8211; buy at 271.00 (starter entry based on reversal candle last Friday)<\/li>\n\n\n\n<li>$SHOP &#8211; buy at 1568.20 (over high of Friday&#8217;s inside day)&nbsp;<\/li>\n\n\n\n<li>$SONO &#8211; cup with handle &#8211; buy over downtrend line at 41.63, add over handle high 42.68<\/li>\n\n\n\n<li>others to watch $DAC $DKNG $SHLS $SBLK $ZI\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 weekly chart clearly shows the price tightening up last week and trading within the prior week&#8217;s wick, a constructive sign.<\/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-18250","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\/18250","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=18250"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18250\/revisions"}],"predecessor-version":[{"id":18254,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18250\/revisions\/18254"}],"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=18250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}