{"id":18666,"date":"2021-06-21T06:48:00","date_gmt":"2021-06-21T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18666"},"modified":"2023-02-23T23:32:50","modified_gmt":"2023-02-24T04:32:50","slug":"swing-trading-stocks-062121","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-062121\/","title":{"rendered":"The Wagner Daily &#8211; 3 Growth Stock Setups for Monday"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210621CRWD.png\" alt=\"$CRWD daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; June 21, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; buy mode due to strength in Nasdaq Composite (still above 20ema)<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210621watch.png\" alt=\"$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\/210621open.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;$SE buy stop triggered for a 3% add.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-20.gif\" alt=\"\" class=\"wp-image-18668\" title=\"Anchor\"><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-21.gif\" alt=\"\" class=\"wp-image-18670\" title=\"Anchor\"><\/figure>\n\n\n\n<p>The Nasdaq Composite closed out last week&#8217;s action with a higher volume distribution day, giving back much of the prior day&#8217;s advance. The heavy volume was due to quarterly options expiration, which makes it difficult to judge the distribution.<\/p>\n\n\n\n<p>The daily chart of the Nasdaq Composite is in pretty good shape provided that the price remains above the 20-day EMA on a closing basis.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210621COMP.png\" alt=\"$Nasdaq Composite daily\" title=\"\"><\/figure>\n\n\n\n<p>The rotation out of cyclical leadership has finally taken its toll on the S&amp;P 500, which sliced through its 50-day moving average last Friday.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210621SPX.png\" alt=\"$S&amp;P 500 daily\" title=\"\"><\/figure>\n\n\n\n<p>Our focus remains on growth stocks with three official setups for Monday&#8217;s session.<\/p>\n\n\n\n<p>First up is an add in $CRWD above the base high. The eps rating is below 80 but that isn&#8217;t a concern as we are looking at the last few quarters of monster eps and sales growth. Also has 2022 yearly eps estimate of 44%, along with an&nbsp;A- accumulation distribution rating (a\/d rating). All ratings and eps\/sales data discussed in this report is from marketsmith.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210621CRWD.png\" alt=\"$CRWD daily\" title=\"\"><\/figure>\n\n\n\n<p>Next is a pullback entry in $NET which cleared its base high last week on heavier than average volume. Our buy limit order is about 2-3% above the base high, which is fine. We don&#8217;t want to buy much higher as that would make it difficult to hold through a minor shakeout with a 6% stop. Although $NET lacks earnings sales growth is&nbsp; 40-50% along with an A-&nbsp; a\/d rating and 1.5 up\/down volume ratio (anything at or above 1.4 is strong).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210621NET.png\" alt=\"$NET daily\" title=\"\"><\/figure>\n\n\n\n<p>The last setup is $SHOP which did not trigger from Friday&#8217;s report but is still live.&nbsp; When a stock rips off the lows of the base without much of a pullback we are forced to buy the base high, which is fine at the beginning of a new rally (a few weeks in).&nbsp; Buying an obvious base breakout with no handle 10 weeks into a rally is a different story.<\/p>\n\n\n\n<p>$SHOP has a ton of liquidity with great ratings all around. The a\/d rating is A- along with a very high 1.8 up\/down ratio. Earnings and revenue growth are huge at 958% and 110% respectively last quarter!&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210621SHOP.png\" alt=\"$SHOP daily\" title=\"\"><\/figure>\n\n\n\n<p>This report is focused on liquid growth stocks with excellent earnings and\/or sales growth that can move. Stocks such as $CRWD, $NET, and $SHOP are must owns for us. We don&#8217;t catch them all, but we try our best to position the model portfolio in liquid leaders.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Position size in the model portfolio is conservative at 7-10% to allow for 10-12 positions at once. We do this to keep the report a bit more active to appeal to swing and position traders. If the goal is to outperform the market, then position size should be at least 15% or more depending on experience and risk appetite.<\/p>\n\n\n\n<p>$PATH is not an official setup but could be in play later this week with a bit more chop.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210621PATH.png\" alt=\"$PATH daily\" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$WKHS &#8211; buy at 15.65 (swing trade)<\/li>\n\n\n\n<li>$EOSE &#8211; buy at 20.22 (swing trade)<\/li>\n\n\n\n<li>$FUBO &#8211; buy at 30.30 (swing trade)<\/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>Our focus remains on growth stocks with three official setups for Monday&#8217;s session.<\/p>\n<p>First up is an add in $CRWD above the base high. The eps rating is below 80 but that isn&#8217;t a concern as we are looking at the last few quarters of monster eps and sales growth. Also has 2022 yearly eps estimate of 44%, along with an\u00a0A- accumulation distribution rating (a\/d rating). All ratings and eps\/sales data discussed in this report is from marketsmith.<\/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-18666","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\/18666","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=18666"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18666\/revisions"}],"predecessor-version":[{"id":18674,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18666\/revisions\/18674"}],"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=18666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}