{"id":18400,"date":"2021-08-06T06:48:00","date_gmt":"2021-08-06T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18400"},"modified":"2023-02-22T06:30:07","modified_gmt":"2023-02-22T11:30:07","slug":"swing-trading-stocks-080621","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-080621\/","title":{"rendered":"The Wagner Daily &#8211; $SNAP Buy Limit Order Success"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210806SNAP.png\" alt=\"$SNAP daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211;  August 6, 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&nbsp; (conditions improving for growth)<\/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=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210806watch2.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210806open2.png\" alt=\"$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=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$SNAP buy limit order triggered.<\/li>\n\n\n\n<li>Per intraday alert, bought $SQ.<\/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>In last night&#8217;s report, we said the following &#8220;<em>Wednesday&#8217;s price and volume action was a step in the right direction for stocks on our main watchlist. We are beginning to add exposure and will continue to do so as long as new trades move in our favor. It&#8217;s tough to put much trust in anything other than semis right now, but that could change.<\/em>&#8221;&nbsp;&nbsp;Thursday&#8217;s session produced&nbsp;solid price and volume action in leading growth names such as $SE, $SQ, $ZI, $DDOG, $HUBS, and $LSPD. For now, semiconductors and software are leading. Maybe other areas can pick up as well during the next week or two.<\/p>\n\n\n\n<p>Per intraday alert, we bought $SQ on a breakout above range highs due to the heavy volume. We plan to add over Thursday&#8217;s high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210806SQ.png\" alt=\"$SQ daily\" title=\"\"><\/figure>\n\n\n\n<p>$KLAC is still looking good. Our buy stops are in place. Note the lower entry price for the final add at b3.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210806KLAC.png\" alt=\"$KLAC daily\" title=\"\"><\/figure>\n\n\n\n<p>We added a second buy stop in $POWI 2% above the first entry (see today&#8217;s watchlist above).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210806POWI.png\" alt=\"$POWI daily\" title=\"\"><\/figure>\n\n\n\n<p>Our $SNAP buy limit order worked out well, as the price bounced back from a weak open which is the ideal action to trigger a buy limit. When a stock opens higher and fails to follow through and then pulls back to our buy limit, that usually isn&#8217;t a positive sign in the short term.<\/p>\n\n\n\n<p>We do not have an official buy stop entry for $SNAP over the highs, but that&#8217;s where we&#8217;d like to add if big volume comes in.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210806SNAP.png\" alt=\"$SNAP daily\" title=\"\"><\/figure>\n\n\n\n<p>$ZI is not an official setup, we are just monitoring the action for now.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210806ZI.png\" alt=\"$ZI 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>$DXCM &#8211; breakout at 527.51&nbsp;<\/li>\n\n\n\n<li>$LSPD &#8211; buy at 97.75 (breakout above high of strong gap up day)<\/li>\n\n\n\n<li>$AMAT &#8211; buy at 145.51&nbsp;<\/li>\n\n\n\n<li>$MITK &#8211; look for price to open above Thursday&#8217;s close and then punch through&nbsp; Thursday&#8217;s high<\/li>\n\n\n\n<li>$SE &#8211; buy partial at 307.70<\/li>\n\n\n\n<li>ZI &#8211; pullback watch,\u00a0 $TSLA &#8211; bull flag, $S &#8211; look for the uptrend to resume over Thursday&#8217;s high after a few hours of chop\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>Our $SNAP buy limit order worked out well, as the price bounced back from a weak open which is the ideal action to trigger a buy limit. When a stock opens higher and fails to follow through and then pulls back to our buy limit, that usually isn&#8217;t a positive sign in the short term.<\/p>\n<p>We do not have an official buy stop entry for $SNAP over the highs, but that&#8217;s where we&#8217;d like to add if big volume comes in.<\/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-18400","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\/18400","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=18400"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18400\/revisions"}],"predecessor-version":[{"id":18404,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18400\/revisions\/18404"}],"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=18400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}