{"id":18602,"date":"2021-06-29T06:48:00","date_gmt":"2021-06-29T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18602"},"modified":"2023-02-23T03:01:20","modified_gmt":"2023-02-23T08:01:20","slug":"swing-trading-stocks-062921","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-062921\/","title":{"rendered":"The Wagner Daily &#8211; $SE Stock Update: Pullback in Progress"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210629SE.png\" alt=\"$SE daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211;  June 29, 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\/210629watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210629open.png\" alt=\"$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; &nbsp;Per intraday alert, added to $SHOP.&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-12.gif\" alt=\"\" class=\"wp-image-18608\" 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-13.gif\" alt=\"\" class=\"wp-image-18610\" title=\"Anchor\"><\/figure>\n\n\n\n<p>The Nasdaq Composite and $IWP continue to push higher above a rising 10-day EMA.&nbsp; Not much to discuss here.&nbsp; Bull market.&nbsp;<\/p>\n\n\n\n<p>Per intraday alert, added to $SHOP as it pulled back to the 20-period EMA on the hourly chart, with a stop beneath last Friday&#8217;s low.<\/p>\n\n\n\n<p>There is one new official setup for Tuesday&#8217;s session in $STEM. We like the big percentage move off the lows the past few months and high relative strength rating of 97 (this is IBDs 3-month RS rating). The three-day pullback off the highs found support just below the 10-day EMA, with Monday&#8217;s action forming a bullish reversal candle. Our buy stop entry is over Monday&#8217;s high with a protective stop beneath the low of the same day.<\/p>\n\n\n\n<p>$STEM lacks eps or sales growth, but this is a shorter-term swing trade in a powerful mover.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210629STEM.png\" alt=\"$STEM daily\" title=\"\"><\/figure>\n\n\n\n<p>$UPWK has formed a bull-flag like pattern and could be in play over Monday&#8217;s high. 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\/210629UPWK.png\" alt=\"$UPWK daily\" title=\"\"><\/figure>\n\n\n\n<p>Current long $SE is in pullback mode and after last Thursday&#8217;s breakout failed to hold. Let&#8217;s see if the price can hold the 10-day EMA.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210629SE.png\" alt=\"$SE daily\" title=\"\"><\/figure>\n\n\n\n<p>Current long $CRWD could also enter pullback mode if Monday&#8217;s low fails to hold.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210629CRWD.png\" alt=\"$CRTW 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>$UPWK &#8211; buy at 58.15&nbsp;<\/li>\n\n\n\n<li>$TIGR &#8211; buy at 28.90 and 30.05&nbsp;<\/li>\n\n\n\n<li>$UPST &#8211; buy at 127.51<\/li>\n\n\n\n<li>See you in the Live Trading RoomRick<br \/>For those new to this report, our share size is pretty conservative with max. size around 10% of equity per trade. We do this because we prefer to trade 10-12 names to keep the report active.&nbsp; However, if your goal is to maximize returns, taking 18-25% positions is the way to go.&nbsp; &nbsp;If trading in a non-margin account, this will limit the portfolio to 4-5 positions.&nbsp; If on margin, then 8-10 positions. Our risk per trade on average is just over 1\/2 of 1%. Experienced traders may want to risk 1% to 2% per trade.&nbsp; &nbsp;For example, a 20% position in a 100k account with a 6% stop loss would result in a $1,200 loss (1.2%).&nbsp;<br \/>Click on the link below to view this week&#8217;s watchlist in google sheets.This list is a good starting point for monitoring the health of the market for those who have limited time.https:\/\/docs.google.com\/spreadsheets\/d\/1rc2qIXer0HMbVutBrv4mfDgunJBcZX6_C5LiCnq-4iU\/edit?usp=sharing<br \/><br \/><br \/><br \/><br \/><br \/>DISCLAIMER: Past results are not necessarily indicative of future results. There is a high degree of risk for substantial losses in trading securities. All data and material on this website and\/or electronically delivered to individuals is for informational purposes only, and should not be construed as an offer or solicitation of an offer to buy or sell any securities. By using\u00c2&nbsp;the\u00c2&nbsp;content on this document, user understands and agrees to&nbsp;&nbsp;<a href=\"http:\/\/www.morpheustrading.com\/site\/disclaimer.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">full terms of this disclaimer<\/a>.<br \/>\u00c2\u00a92002-2021 Morpheus Trading, LLC<br \/>Reproduction without permission is strictly prohibited.<\/li>\n<\/ul>\n\n\n\n<p><em><br \/>Proven swing trading strategy, top ETF &amp; stock picks, and market timing model&#8230;since 2002<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>quick jump to:<\/strong><a href=\"#watchlist\">today&#8217;s watchlist<\/a><a href=\"#positions\">open &amp; closed positions<\/a><a href=\"#etf\">market commentary<\/a><\/td><td><strong>resources:<\/strong><a href=\"http:\/\/www.morpheustrading.com\/wagnerdailyguide-new.htm\" target=\"_blank\" rel=\"noreferrer noopener\">subscriber guide<\/a><a href=\"http:\/\/www.morpheustrading.com\/best-swing-trading-strategy\/\" target=\"_blank\" rel=\"noreferrer noopener\">our trading strategy<\/a><a href=\"http:\/\/www.morpheustrading.com\/blog\" target=\"_blank\" rel=\"noreferrer noopener\">blog<\/a><\/td><td><strong>handy links:<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-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\/210629watch.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\/210629open.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; &nbsp;Per intraday alert, added to $SHOP.&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-10.gif\" alt=\"\" class=\"wp-image-18604\" 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-11.gif\" alt=\"\" class=\"wp-image-18606\" title=\"Anchor\"><\/figure>\n\n\n\n<p>The Nasdaq Composite and $IWP continue to push higher above a rising 10-day EMA.&nbsp; Not much to discuss here.&nbsp; Bull market.&nbsp;<\/p>\n\n\n\n<p>Per intraday alert, added to $SHOP as it pulled back to the 20-period EMA on the hourly chart, with a stop beneath last Friday&#8217;s low.<\/p>\n\n\n\n<p>There is one new official setup for Tuesday&#8217;s session in $STEM. We like the big percentage move off the lows the past few months and high relative strength rating of 97 (this is IBDs 3-month RS rating). The three-day pullback off the highs found support just below the 10-day EMA, with Monday&#8217;s action forming a bullish reversal candle. Our buy stop entry is over Monday&#8217;s high with a protective stop beneath the low of the same day.<\/p>\n\n\n\n<p>$STEM lacks eps or sales growth, but this is a shorter-term swing trade in a powerful mover.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210629STEM.png\" alt=\"$STEM daily\" title=\"\"><\/figure>\n\n\n\n<p>$UPWK has formed a bull-flag like pattern and could be in play over Monday&#8217;s high. 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\/210629UPWK.png\" alt=\"$UPWK daily\" title=\"\"><\/figure>\n\n\n\n<p>Current long $SE is in pullback mode and after last Thursday&#8217;s breakout failed to hold. Let&#8217;s see if the price can hold the 10-day EMA.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210629SE.png\" alt=\"$SE daily\" title=\"\"><\/figure>\n\n\n\n<p>Current long $CRWD could also enter pullback mode if Monday&#8217;s low fails to hold.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210629CRWD.png\" alt=\"$CRTW 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>$UPWK &#8211; buy at 58.15&nbsp;<\/li>\n\n\n\n<li>$TIGR &#8211; buy at 28.90 and 30.05&nbsp;<\/li>\n\n\n\n<li>$UPST &#8211; buy at 127.51<\/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>Current long $SE is in pullback mode and after last Thursday&#8217;s breakout failed to hold. Let&#8217;s see if the price can hold the 10-day EMA.\u00a0\u00a0<\/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-18602","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\/18602","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=18602"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18602\/revisions"}],"predecessor-version":[{"id":18614,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18602\/revisions\/18614"}],"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=18602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}