{"id":18920,"date":"2021-05-13T06:48:00","date_gmt":"2021-05-13T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18920"},"modified":"2023-02-24T12:31:51","modified_gmt":"2023-02-24T17:31:51","slug":"swing-trading-stocks-051321","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-051321\/","title":{"rendered":"The Wagner Daily &#8211; Model Portfolio 100% Cash"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210513CLF.png\" alt=\"  $CLF daily  \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; May 13, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; S&amp;P 500 sell (just broke 20ema), Nasdaq Composite sell<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" alt=\"$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\/open.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>No trades 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-54.gif\" alt=\"\" class=\"wp-image-18922\" title=\"Anchor\"><\/figure>\n\n\n\n<p>Stocks failed to follow through on Tuesday&#8217;s bullish close, leading to a sharp selloff in all broad market averages.&nbsp; The S&amp;P 500 is no longer on a buy signal after Tuesday&#8217;s break of the 20-day EMA and Wednesday&#8217;s confirmation.<\/p>\n\n\n\n<p>After such a sharp selloff, if there is a bounce within the next few days, then look for the price to stall at resistance from the first touch of the declining 20-day EMA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210513SPX.png\" alt=\"$ 500 daily \" title=\"\"><\/figure>\n\n\n\n<p>The Nasdaq has held the 20-week EMA on a closing basis since bottoming out in 2020. If the price is unable to recover above the 20-week EMA by Friday&#8217;s close, then that would be a change of character.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210513NAZ.png\" alt=\"$ Nasdaq comp \" title=\"\"><\/figure>\n\n\n\n<p>The same goes for the Russell 2000 ETF $IWM.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210513IWM.png\" alt=\"$ Russell 2000 \" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio is 100% in cash.<\/p>\n\n\n\n<p>There is very little reason to hold long positions right now as the reward-to-risk ratios are not favorable.&nbsp;&nbsp;<\/p>\n\n\n\n<p>$CLF is a good example of how difficult it has been to make progress. Even if one continues to hold, it&#8217;s tough to do so with size.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210513CLF.png\" alt=\"  $CLF daily  \" title=\"\"><\/figure>\n\n\n\n<p>As for stocks that are holding up well, $CF is looking pretty good after breaking out last week. $HZO did the opposite, as it broke out to new highs last week and is now 23% off the high in three sessions.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210513CF.png\" alt=\"  $CF daily  \" title=\"\"><\/figure>\n\n\n\n<p>$RBLX cleared its downtrend line on heavy volume Tuesday and found support at the trendline along with the 10 and 20-day EMAs. Impressive action in a weak market.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210513RBLX.png\" alt=\"  $RBLX daily  \" title=\"\"><\/figure>\n\n\n\n<p>There are no new setups for Thursday. The short-term plan is to remain in cash through Friday and see what develops. Since the S&amp;P 500 is still above the rising 50-day MA, it would only need to reclaim the 20-day EMA to be back on a buy signal. The Nasdaq Composite is well below a flat 50-day MA and a declining 20-day EMA, so we&#8217;d like to see a legit Follow-Through Day print to generate a buy signal.<\/p>\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>No setups<\/li>\n\n\n\n<li>watching &#8211; $FCX $TMST $CF $MOS $MDP $TS $COIN $RBLX<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The model portfolio is 100% in cash.<\/p>\n<p>There is very little reason to hold long positions right now as the reward-to-risk ratios are not favorable.\u00a0\u00a0<\/p>\n<p>$CLF is a good example of how difficult it has been to make progress. Even if one continues to hold, it&#8217;s tough to do so with size.<\/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-18920","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\/18920","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=18920"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18920\/revisions"}],"predecessor-version":[{"id":18926,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18920\/revisions\/18926"}],"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=18920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}