![\"$AAPL](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210716AAPL.png\" "\\"\\"")
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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 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 Just drop us a comment with any questions or comments–we’d love to hear from you!<\/em><\/p>\n\n\n\n MTG Market Timing Model – buy mode due to strength in Nasdaq Composite (still above 20ema)<\/em><\/strong><\/a><\/p>\n\n\n\n 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&P 500 or Nasdaq Composite.<\/p>\n\n\n\n today’s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n closed positions:<\/em><\/strong><\/p>\n\n\n\n po<\/strong>sition notes:<\/strong><\/p>\n\n\n\n Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n With $PYPL and $NTRA triggering stops, the model portfolio is now 100% in cash. There are no new official setups for Friday’s session as our nightly scans did not turn up much in the way of low-risk buy points. This shouldn’t be much of a surprise given the recent weakness in $IWP, $FFTY, $IWM, and the Nasdaq Composite.<\/p>\n\n\n\n Nasdaq Composite remains in an uptrend as long as it continues to hold the 20-day EMA on a closing basis.<\/p>\n\n\n\n The uptrend in $AAPL is losing steam based on the last two days of price and volume action. A break of Thursday’s low could spark some profit-taking and put pressure on the Nasdaq. Midcap growth ETF $IWP closed below the 20-day EMA and triggered a sell signal on Thursday with a break of the prior day’s low. On the weekly chart, there is support from the downtrend line and rising 10-week moving average just below. Overall, the weekly pattern is constructive with the price swings tightening up from left to right on the chart.<\/p>\n\n\n\n Software ETF $IGV is in danger of triggering a sell signal.<\/p>\n\n\n\n $NVDA’s break of the 20-day EMA on volume suggests the chart may need a few weeks of lower to sideways action to digest the last wave up. If so, then we’d look for a 10%-15% deep flat base to develop during the next few weeks above the rising 10ma on the weekly chart.<\/p>\n\n\n\n Unofficial Setups<\/strong> – For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. The Wagner Daily PRO<\/a> <\/strong>includes live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The uptrend in $AAPL is losing steam based on the last two days of price and volume action. A break of Thursday’s low could spark some profit-taking and put pressure on the Nasdaq.<\/p>\n","protected":false},"author":2,"featured_media":12060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[782],"tags":[],"class_list":["post-18502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wagner-daily-archives"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=18502"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18502\/revisions"}],"predecessor-version":[{"id":18506,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18502\/revisions\/18506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/12060"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=18502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\n\n\n![\"$todays](\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" "\\"\\"")
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open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n![\"$open](\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/open.png\" "\\"\\"")
<\/figure>\n\n\n\n![\"$closed](\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210716closed.png\" "\\"\\"")
<\/figure>\n\n\n\n\n
![\"$Nasdaq](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210716IXIC.png\" "\\"\\"")
<\/figure>\n\n\n\n<\/p>\n\n\n\n![\"$IWP](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210716IWP.png\" "\\"\\"")
<\/figure>\n\n\n\n![\"$AAPL](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210716IGV.png\" "\\"\\"")
<\/figure>\n\n\n\n![\"$NVDA](\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210716NVDA.png\" "\\"\\"")
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