{"id":18514,"date":"2021-07-14T06:48:00","date_gmt":"2021-07-14T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18514"},"modified":"2023-02-22T23:42:13","modified_gmt":"2023-02-23T04:42:13","slug":"swing-trading-stocks-071421","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-071421\/","title":{"rendered":"The Wagner Daily &#8211; $HYRE Bounces Off 10-Week MA"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210714HYRE.png\" alt=\"$HYRE daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211;  July 14, 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 due to strength in Nasdaq Composite (still above 20ema)<\/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<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210714open.png\" alt=\"$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=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$UPWK buy stops triggered.<\/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 stalled above the swing high and reversed lower, closing well off the highs of the session and on a pick-up in volume (a distribution day). Tuesday&#8217;s bearish outside bar (higher high and lower low at\/near highs) suggests further weakness if Tuesday&#8217;s low fails to hold.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210714COMP.png\" alt=\"$COMP daily\" title=\"\"><\/figure>\n\n\n\n<p>Midcap growth ETF $IWP closed back below the 10-day EMA and 20-period EMA on the hourly chart and may be headed for a test of the 20-day EMA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210714IWP.png\" alt=\"$IWP daily\" title=\"\"><\/figure>\n\n\n\n<p>The stalling in the Nasdaq is a concern, but if $QQQ stays above Tuesday&#8217;s low during the next day or two then it would still have&nbsp;a shot of taking out the $365 area. The bigger concern for us right now is the lack of follow-through in recent breakouts. $SNAP, $SHOP, $LSPD (worked but not explosive), $DOCU, $BILL $CRWD, $ZS, and $CDNA are a handful of breakouts that did not follow through.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>Due to the lack of follow-through in breakouts, we are tightening up stops on open positions and protecting the break-even point when possible.<\/p>\n\n\n\n<p>UPWK&#8217;s big volume breakout failed to close strong but was dealing with a selloff in the market. Note the new stop above.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210714UPWK.png\" alt=\"$UPWK daily\" title=\"\"><\/figure>\n\n\n\n<p>$RH tightened up before clearing resistance at $700 and has tightened up once again the past few days. A move through the two-day high is the trigger. Not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210714RH.png\" alt=\"$RH daily\" title=\"\"><\/figure>\n\n\n\n<p>$HYRE bounced off the 10-week moving average on a weekly chart last week and reclaimed the 10 and 20-day EMAs. The tight price action on light volume could spark some buying interest on a move through the three-day high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210714HYRE.png\" alt=\"$HYRE daily\" title=\"\"><\/figure>\n\n\n\n<p>If last week&#8217;s low holds in $LSPD, then look for a downtrend line break later this week or early next as a buy entry.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210714SPD.png\" alt=\"$LSPD daily\" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Wednesday&#8217;s session as we are content to manage open positions.<\/p>\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<p>Stocks to watch on strength &#8211; $PTON $LI $COIN $ROKU $HYRE $FRHC $RH $DLO<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$HYRE bounced off the 10-week moving average on a weekly chart last week and reclaimed the 10 and 20-day EMAs. The tight price action on light volume could spark some buying interest on a move through the three-day high.<\/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-18514","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\/18514","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=18514"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18514\/revisions"}],"predecessor-version":[{"id":18518,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18514\/revisions\/18518"}],"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=18514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}