{"id":18946,"date":"2021-05-10T06:48:00","date_gmt":"2021-05-10T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18946"},"modified":"2023-02-24T12:56:35","modified_gmt":"2023-02-24T17:56:35","slug":"swing-trading-stocks-051021","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-051021\/","title":{"rendered":"The Wagner Daily &#8211; S&amp;P 500 holds rising EMA"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210510SPX.png\" alt=\"$ 500 daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; May 10, 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<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-58.gif\" alt=\"\" class=\"wp-image-18948\" title=\"Anchor\"><\/figure>\n\n\n\n<p><a><strong><em>S&amp;P 500 buy, 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=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210510open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<p>&nbsp;(none)<\/p>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$XOP added to the portfolio (see intraday alert).<\/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-59.gif\" alt=\"\" class=\"wp-image-18950\" title=\"Anchor\"><\/figure>\n\n\n\n<p>The S&amp;P 500 remains the leading broad-based index after holding support of the rising 20-day EMA last week (as did $DIA). Current leadership is solid, with financials, retail, building-related, and commodity-based stocks setting new highs.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210510SPX.png\" alt=\"$ 500 daily \" title=\"\"><\/figure>\n\n\n\n<p>The Nasdaq lacks leadership right now as growth has been out of favor for a few months. Could be in chop mode for a while.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210510COMP.png\" alt=\"$ Nasdaq comp \" title=\"\"><\/figure>\n\n\n\n<p>$XOP was added to the model portfolio last Frida to increase exposure in energy related stocks. Looking for the price to follow through to the upside during the next few weeks.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210510XOP.png\" alt=\"$XOP daily \" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio is still long $KSS which has formed a fairly tight trading range on lighter volume after bouncing off the 50ma on volume.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210510KSS.png\" alt=\"$KSS daily \" title=\"\"><\/figure>\n\n\n\n<p>Prior to last week&#8217;s move through resistance, $URBN had formed a tight trading range above the 50-day MA.&nbsp; &nbsp;The correction was only 18% off the high.&nbsp;&nbsp;A break of the two-day high could spark the next wave up.<\/p>\n\n\n\n<p>Not an official trade setup<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210510URBN.png\" alt=\"$urbn daily \" title=\"\"><\/figure>\n\n\n\n<p>$THO setting up for a potential breakout entry over the high of the handle after last week&#8217;s failed breakout attempt.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210510THO.png\" alt=\"$THO daily \" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Monday&#8217;s session.<\/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>$THO &#8211; buy at 148.80<\/li>\n\n\n\n<li>$BLMN &#8211; buy at 30.76<\/li>\n\n\n\n<li>$SEAS &#8211; buy at 54.92<\/li>\n<\/ul>\n\n\n\n<p>Other stocks to monitor for pullback or breakout: $HZO, $IRSG $CSTM $SQM $CZR<\/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>The S&#038;P 500 remains the leading broad-based index after holding support of the rising 20-day EMA last week (as did $DIA). Current leadership is solid, with financials, retail, building-related, and commodity-based stocks setting new highs.<\/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-18946","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\/18946","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=18946"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18946\/revisions"}],"predecessor-version":[{"id":18954,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18946\/revisions\/18954"}],"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=18946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}