{"id":18452,"date":"2021-07-27T06:48:00","date_gmt":"2021-07-27T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18452"},"modified":"2023-02-22T07:06:22","modified_gmt":"2023-02-22T12:06:22","slug":"swing-trading-stocks-072721","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-072721\/","title":{"rendered":"The Wagner Daily &#8211; &#8220;Added to $NVDA on Bullish Reversal"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210727NVDA.png\" alt=\"$NVDA daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily -July 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; buy mode&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=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210727watch.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210727open.png\" alt=\"$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\/210727closed.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 $NVDA due to a strong reversal action on the hourly chart during the first hour of trading.<\/li>\n\n\n\n<li>Per intraday alert, sold half of $DOCS for a 16% gain.&nbsp;&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 and S&amp;P 500 traded in a tight range on Monday and will likely do the same on Tuesday with $APPL, $MSFT, $AMD, $GOOGL, $SBUX, $TDOC, and $V reporting after the close.<\/p>\n\n\n\n<p>It&#8217;s easy to hold off on new buys with so many heavyweights reporting after the close and the Nasdaq up five sessions in a row. However, it&#8217;s always best to trade what we see and not what we think.&nbsp; If the setups are there and the timing model is on a buy, then we buy.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Note that we sold 1\/2 of $DOCS into strength to lock in a 17% gain.&nbsp; We also raised the stop in $ASAN to guard against a failed move to new highs.&nbsp;&nbsp;<\/p>\n\n\n\n<p>There are two new setups on Tuesday&#8217;s watchlist in $ROKU and $SNAP. Please note the new buy stop order in $SMAR, which is over the two-day high for a small starter position.<\/p>\n\n\n\n<p>$ROKU cleared the standard pivot at the handle high on big volume last Friday. Although we missed the entry at the breakout pivot, buying 2-3% above the standard entry is acceptable.&nbsp; We have a buy limit order at $477.20.&nbsp;&nbsp;<\/p>\n\n\n\n<p>&nbsp;We&#8217;d like to hold&nbsp;through earnings if we have a profit buffer of 5% or more. If not, then we will exit prior to the report after the close on 8\/4.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210727ROKU.png\" alt=\"$ROKU daily\" title=\"\"><\/figure>\n\n\n\n<p>Per intraday alert, we bought the breakaway gap up in $SNAP last Friday. We are adding to the position with a buy stop over the two-day high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210727SNAP.png\" alt=\"$SNAP daily\" title=\"\"><\/figure>\n\n\n\n<p>Per intraday alert, we added to $NVDA on Monday following a bullish reversal candle during the first hour of trading. Although the price did not follow through on our entry, the reversal did hold the 20-day EMA, a positive sign. A move above Monday&#8217;s high could serve as a buy point for those looking to enter or add.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210727NVDA.png\" alt=\"$NVDA 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>$CROX &#8211; buy at 133.40 (swing trade on 2-day pullback)<\/li>\n\n\n\n<li>$VERV &#8211; buy at 55.06 (tight range in recent IPO)<\/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>Per intraday alert, we added to $NVDA on Monday following a bullish reversal candle during the first hour of trading. Although the price did not follow through on our entry, the reversal did hold the 20-day EMA, a positive sign. A move above Monday&#8217;s high could serve as a buy point for those looking to enter or add.<\/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-18452","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\/18452","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=18452"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18452\/revisions"}],"predecessor-version":[{"id":18456,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18452\/revisions\/18456"}],"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=18452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}