{"id":18582,"date":"2021-07-01T06:48:00","date_gmt":"2021-07-01T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18582"},"modified":"2023-02-23T02:52:34","modified_gmt":"2023-02-23T07:52:34","slug":"swing-trading-stocks-070121","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-070121\/","title":{"rendered":"The Wagner Daily &#8211; $ZS Stock Update: Potential Exit and Re-entry"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210701ZS.png\" alt=\"$ZS daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211;  July 1, 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\/210701watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210701open.png\" alt=\"$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, sold $SE just above break-even.&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-7.gif\" alt=\"\" class=\"wp-image-18586\" 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-6.gif\" alt=\"\" class=\"wp-image-18584\" title=\"Anchor\"><\/figure>\n\n\n\n<p>Midcap Growth ETF $IWP closed lower after seven days in a row of higher closes. Given that most growth stocks are a bit extended in the short term, a few days of sideways to lower price action would be welcomed.<\/p>\n\n\n\n<p>Per intraday alert, sold $SE due to Wednesday&#8217;s ugly response to the prior day&#8217;s reversal candle. Overall, we did not like the lack of follow-through above $280.<\/p>\n\n\n\n<p>At A, $SE stalled about the prior high but tightened up nicely above the rising 10-day EMA at B. However, the false breakout action at C was disappointing and led to further weakness. Tuesday&#8217;s reversal at D was a positive, but the price failed miserably the following day and closed with a bearish engulfing candle on higher volume. Not what we were looking for so we sold ahead of our stop, just above break-even.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210701SE.png\" alt=\"$SE daily\" title=\"\"><\/figure>\n\n\n\n<p>Wednesday&#8217;s action in the model portfolio was a punch to the head that may or may not lead to a knockout, depending on how positions react during the next few days. Note all the new stops in the watchlist above. The stops are pretty tight overall due to the lack of a significant profit buffer in most positions. Our thought process here is to take what we can in profits if stocks begin to break down and look to re-enter if setups develop.<\/p>\n\n\n\n<p>$NET is in danger of breaking a steep uptrend line, so we have a tight stop in place for half the position to protect profits. The stop on the other half is a close below the 10-day EMA. This is not a hard stop.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210701NET.png\" alt=\"$NET daily\" title=\"\"><\/figure>\n\n\n\n<p>$ZS is an example of a stock that we may have to exit if the 10-day EMA doesn&#8217;t hold but could be back in play within a week or two if the price remains above the 20-day EMA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210701ZS.png\" alt=\"$ZS daily\" title=\"\"><\/figure>\n\n\n\n<p>There are no new setups for Thursday, but the $TIGR buy stop remains live.<\/p>\n\n\n\n<p>$KLIC may be in play on weakness within the next few days if the price touches the 10-day EMA or breaks the short-term downtrend line. This is 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\/210701KLIC.png\" alt=\"$KLIC daily\" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$BABA &#8211; bull flag entry over yest high at 228.15&nbsp;<\/li>\n\n\n\n<li>$ZLAB &#8211; buy at 178.20&nbsp;<\/li>\n\n\n\n<li>$SHAK &#8211; buy at 108.00&nbsp;<\/li>\n\n\n\n<li>&nbsp;$RBLX &#8211; pullback to 20ema&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Others to watch on strength &#8211;\u00a0 $UPST $PATH $PCOR $OSTK $U $XPEV $TXG\u00a0 (if it stays above Tuesday&#8217;s close after squat)<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$ZS is an example of a stock that we may have to exit if the 10-day EMA doesn&#8217;t hold but could be back in play within a week or two if the price remains above the 20-day EMA.<\/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-18582","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\/18582","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=18582"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18582\/revisions"}],"predecessor-version":[{"id":18590,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18582\/revisions\/18590"}],"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=18582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}