{"id":18804,"date":"2021-06-02T06:48:00","date_gmt":"2021-06-02T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18804"},"modified":"2023-02-24T03:46:13","modified_gmt":"2023-02-24T08:46:13","slug":"swing-trading-stocks-060221","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-060221\/","title":{"rendered":"The Wagner Daily &#8211;  Stops Hit, New Setups for $GE and $RBLX"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210602GE.png\" alt=\"$GE  daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; June 2, 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; S&amp;P 500 sell (just broke 20ema), Nasdaq Composite sell<\/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\/210602watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210602open.png\" alt=\"$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\/2021\/210602closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$UPST and $APP stops triggered.<\/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-41.gif\" alt=\"\" class=\"wp-image-18808\" title=\"Anchor\"><\/figure>\n\n\n\n<p>Despite the Nasdaq and S&amp;P closing negative on the day, it was a decent session for growth stocks while energy and financials led.&nbsp;&nbsp;<\/p>\n\n\n\n<p>If Tuesday&#8217;s low holds in the Nasdaq, then look for the price to push through the swing high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210602COMP.png\" alt=\"nASDAQ  daily\" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio stopped out of $UPST and $APP but remains long $RBLX and $SE. Please note the new stops in $RBLX and $SE. With $RBLX, we placed the stop back below the three-day low and rising 10-day EMA. For $SE, we are back to the original stop to give the price action a bit of breathing room.<\/p>\n\n\n\n<p>There are two new setups for Wednesday&#8217;s session.<\/p>\n\n\n\n<p>$GE ripped higher on heavy volume last week. The two days of tight-ranged price action on lighter volume is a bullish sign suggesting higher prices IF $GE can punch through the three-day high and hold.<\/p>\n\n\n\n<p>$GE has made quite the explosive move off the lows and may be ready to run again.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210602GE.png\" alt=\"$GE  daily\" title=\"\"><\/figure>\n\n\n\n<p>Although we stopped out of $UPST, the price action held up well during the last hour of trading and clsoed above the 10-day EMA. We have a buy stop in place to re-enter over the hourly downtrend line with a sell stop below Tuesday&#8217;s low.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210602UPST.png\" alt=\"$UPST  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>$PLL &#8211; downtrend line break at 67.70<\/li>\n\n\n\n<li>$GS &#8211; pullback to 378.50<\/li>\n\n\n\n<li>$SHOP &#8211; buy stop at 1282.00<\/li>\n\n\n\n<li>$CELH &#8211; buy stop at 68.05<\/li>\n\n\n\n<li>Watching &#8211; $TUYA $PATH $SNAP $CRWD $NVDA $AMAT $UPST $ELAN $GS (pullback)<\/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 $UPST and $APP but remains long $RBLX and $SE. Please note the new stops in $RBLX and $SE. With $RBLX, we placed the stop back below the three-day low and rising 10-day EMA. For $SE, we are back to the original stop to give the price action a bit of breathing room.<\/p>\n<p>There are two new setups for Wednesday&#8217;s session.<\/p>\n<p>$GE ripped higher on heavy volume last week. The two days of tight-ranged price action on lighter volume is a bullish sign suggesting higher prices IF $GE can punch through the three-day high and hold.<\/p>\n<p>$GE has made quite the explosive move off the lows and may be ready to run again.<\/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-18804","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\/18804","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=18804"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18804\/revisions"}],"predecessor-version":[{"id":18810,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18804\/revisions\/18810"}],"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=18804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}