{"id":18562,"date":"2021-07-06T06:48:00","date_gmt":"2021-07-06T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18562"},"modified":"2023-02-23T02:42:28","modified_gmt":"2023-02-23T07:42:28","slug":"swing-trading-stocks-070621","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-070621\/","title":{"rendered":"The Wagner Daily &#8211; $ZS Stop Out Update: Monitoring for Entry"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210706ZS.png\" alt=\"$ZS daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; July 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 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\/210706watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210706open.png\" alt=\"$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;Note the new position size for stops in $NVDA.&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<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-4.gif\" alt=\"\" class=\"wp-image-18564\" 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-5.gif\" alt=\"\" class=\"wp-image-18566\" title=\"Anchor\"><\/figure>\n\n\n\n<p>The Nasdaq Composite and $IWP continue to trend higher above a rising 10-day EMA and 20-day EMAs. Growth stocks are lagging a bit but $IWP has set a new high for the year and is in much better shape than other growth-based ETFs $ARKK and $FFTY.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210706COMP.png\" alt=\"$Nasdaq daily\" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/21706IWP.png\" alt=\"$iwp daily\" title=\"\"><\/figure>\n\n\n\n<p>There are two new official setups for Tuesday&#8217;s session.<\/p>\n\n\n\n<p>$PYPL is forming the handle portion of a &#8220;cup with&nbsp;handle&#8221; pattern and is in play over the two-day high as a starter entry. The add is over the handle high, which is the standard entry point.&nbsp;&nbsp;<\/p>\n\n\n\n<p>$PYPL isn&#8217;t as explosive as other stocks in the model portfolio but can put in a decent move once it gets in gear. For those looking for a bit more conservative exposure, $PYPL, $AMZN, and $AMD are solid bets.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210706PYPL.png\" alt=\"$PYPL daily\" title=\"\"><\/figure>\n\n\n\n<p>$ZLAB is a Chinese-based biotech with triple-digit quarterly sales growth that has formed a constructive basing pattern the past few months. We like the price action tightening up from left to right on the daily chart, with the price coiling above the rising 10-day EMA on the last swing.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210706ZLAB.png\" alt=\"$ZLAB daily\" title=\"\"><\/figure>\n\n\n\n<p>$SHOP, which is a current long in the model portfolio needs to break the short-term downtrend line on a closing basis to get going.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210706SHOP.png\" alt=\"$SHOP daily\" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio stopped out of $ZS last week but we continue to monitor the action for a low-risk entry. We&#8217;d like to see a bit more sideways action and a touch of the 20-day EMA as the current pullback is a bit steep.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210706ZS.png\" alt=\"$ZS 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>$BILI &#8211; buy at 123.00 and add at 129.51&nbsp;<\/li>\n\n\n\n<li>$SNAP &#8211; buy at 69.46<\/li>\n\n\n\n<li>$MNDY &#8211; buy at 236.00<\/li>\n\n\n\n<li>$BILL &#8211; buy at 186.00 and add at 193.00<\/li>\n\n\n\n<li>Others to watch on strength over prior day&#8217;s high &#8211; $COIN $RIOT $PAY $MRVL $INMD $MGI $LE\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>The model portfolio stopped out of $ZS last week but we continue to monitor the action for a low-risk entry. We&#8217;d like to see a bit more sideways action and a touch of the 20-day EMA as the current pullback is a bit steep.<\/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-18562","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\/18562","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=18562"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18562\/revisions"}],"predecessor-version":[{"id":18570,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18562\/revisions\/18570"}],"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=18562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}