{"id":18552,"date":"2021-07-07T06:48:00","date_gmt":"2021-07-07T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18552"},"modified":"2023-02-23T00:09:40","modified_gmt":"2023-02-23T05:09:40","slug":"swing-trading-stocks-070721","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-070721\/","title":{"rendered":"The Wagner Daily &#8211; $XLE ETF: 50-day MA Under Threat"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210707XLE.png\" alt=\"$XLE daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211;  July 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&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<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210707watch2.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210707open.png\" alt=\"$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>&nbsp; &nbsp; Per intraday alert, bought $ZS.&nbsp;&nbsp;<\/li>\n\n\n\n<li>&nbsp; &nbsp; $PYPL buy stop triggered for starter entry.<\/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<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-3.gif\" alt=\"\" class=\"wp-image-18556\" title=\"Anchor\"><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-2.gif\" alt=\"\" class=\"wp-image-18554\" title=\"Anchor\"><\/figure>\n\n\n\n<p>Money continues to flow into tech while the cyclical names struggle. $QQQ closed at +0.4% vs -0.2% in the S&amp;P 500.&nbsp;<\/p>\n\n\n\n<p>Software ETF $IGV gained +1% and Russell Midcap Growth ETF $IWP closed at +0.3%.<\/p>\n\n\n\n<p>Midcap growth in a strong uptrend.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210707IWP.png\" alt=\"$IWPdaily\" title=\"\"><\/figure>\n\n\n\n<p>Energy ETF $XLE is in danger of losing the 50-day MA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210707XLE.png\" alt=\"$XLE daily \" title=\"\"><\/figure>\n\n\n\n<p>$PYPL and $ZS were added to the model portfolio on Tuesday. $PYPL triggered its buy stop for a starter entry. The second buy stop is still live. We re-entered $ZS per intraday alert on a breakout above the handle high. Volume finished above average so we plan to add over Tuesday&#8217;s high.&nbsp; See the new buy setup in the watchlist section above.<\/p>\n\n\n\n<p>We originally entered $ZS around $200 at A, followed by a stop out at B ($213) below the 10-day EMA. We probably should have added back some shares at C, which was a break of the short-term downtrend line and two-day high. As mentioned above, we did buy the breakout above the handle high at D and plan to add over Tuesday&#8217;s high E.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210707ZS.png\" alt=\"$PYPL daily\" title=\"\"><\/figure>\n\n\n\n<p>There are two new setups for Wednesday&#8217;s session ($UPWK and $BILL) in addition to the adds in $ZS and $PYPL.<\/p>\n\n\n\n<p>$UPWK is forming a handle above the 10 and 20-day EMAs and just below the base high. The base is a 45% deep and 20-week long cup with handle.<\/p>\n\n\n\n<p>The buy stop entry is over the handle high.<\/p>\n\n\n\n<p>IBD ratings &#8211; rs 97, eps 69, comp 96, accumulation\/distribution&nbsp;B-, up\/down volume ratio 1.1. Quarterly eps is not consistent but sales growth has been increasing the last three quarters at +24%, +32%, and +37%.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210707UPWK.png\" alt=\"$UPWK daily\" title=\"\"><\/figure>\n\n\n\n<p>$BILL is forming a handle above the 10 and 20-day EMAs and just below the base high. The base is a 35% deep and 20-week long cup with handle pattern. We like the dry up in volume and downward slope of the handle along with Tuesday&#8217;s pick up in volume on the move up. The buy stop is over the handle high.<\/p>\n\n\n\n<p>IBD ratings &#8211; rs 90, eps 40, comp 72, a\/d rating A-, up\/down volume ratio 1.2. Lacks earnings but last quarterly sales growth is solid with +45% last quarter.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210707BILL.png\" alt=\"$BILL daily\" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$SE &#8211; buy at 281.00&nbsp;<\/li>\n\n\n\n<li>$FIGS &#8211; buy at 46.76<\/li>\n\n\n\n<li>$VZIO &#8211; buy at 25.73<\/li>\n\n\n\n<li>$SI &#8211; buy at 108.00<\/li>\n<\/ul>\n\n\n\n<p>Others to watch over prior day&#8217;s high &#8211; $PTON $MRNA $AFRM $SFIX $ETSY $TSP<\/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>Energy ETF $XLE is in danger of losing the 50-day MA.<\/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-18552","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\/18552","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=18552"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18552\/revisions"}],"predecessor-version":[{"id":18560,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18552\/revisions\/18560"}],"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=18552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}