{"id":19000,"date":"2021-05-04T06:48:00","date_gmt":"2021-05-04T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19000"},"modified":"2023-02-27T02:25:36","modified_gmt":"2023-02-27T07:25:36","slug":"swing-trading-stocks-05042021","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-05042021\/","title":{"rendered":"The Wagner Daily &#8211; Inside Day Play: $CLF"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210504CLF.png\" alt=\"$CLF  daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; May 4, 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-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><a href=\"http:\/\/www.morpheustrading.com\/login\" target=\"_blank\" rel=\"noreferrer noopener\">live mentorship room (members login)<\/a><\/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>S&amp;P 500 buy, Nasdaq Composite buy<\/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\/210504watch2.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210504open3.png\" alt=\"$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>Per intraday alert, bought $KSS.<\/li>\n\n\n\n<li>Note the new stop in $CPE.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-64.gif\" alt=\"\" class=\"wp-image-19002\" title=\"Anchor\"><\/figure>\n\n\n\n<p>The S&amp;P 500 continues to struggle with resistance at 4,200 after printing a hanging man candle last Thursday.&nbsp; While the index may be due for a 2-3 day pullback, that could be later this week or in another 2-3 weeks, no one knows. Rather than focus on when a leading index may pull back in for a day or two, it&#8217;s generally best to focus on individual setups.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210504SPX2.png\" alt=\"$ 500 daily \" title=\"\"><\/figure>\n\n\n\n<p>Per intraday alert, $KSS was added to the model portfolio. For those who are not long, an entry near Monday&#8217;s close is fine. The relative strength rating from IBD is a 96 along with an industry group rank of 4 out of 197. The Accumulation\/Distribution rating is a solid B.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210504KSS.png\" alt=\"$KSS \" title=\"\"><\/figure>\n\n\n\n<p>There is one new official setup for Tuesday in $CLF. $CLF cleared a short-term downtrend line two weeks ago after reversing off the 50-day MA. The price action reversed just shy of the 50-day MA last Friday, followed by a tight-ranged inside day on Monday.<\/p>\n\n\n\n<p>We like $CLF over the two-day high, looking for the price to follow through to the upside and take out the downtrend line.<\/p>\n\n\n\n<p>The stop is just beneath the low of Monday&#8217;s inside day, which is below the 10 and 20-day EMAs.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210504CLF.png\" alt=\"$CLF  daily \" title=\"\"><\/figure>\n\n\n\n<p>$FB is not an official setup but could be in play on an undercut and rally type setup where the price action takes out an obvious low (gap-up day low) and then reverses higher the same day, or within 1-2 days.&nbsp; &nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210504FB.png\" alt=\"$FB  daily \" title=\"\"><\/figure>\n\n\n\n<p>$CPE reports earnings after the close on May 5 according to earningswhispers.com. Note that we have a new stop in place just beneath Monday&#8217;s low. If $CPE pushes higher and we have a 8% or more buffer going into the report, then we will likely hold some of the position, if not all.&nbsp;&nbsp;<\/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>Monitoring several energy stocks &#8211; $MTDR $XEC $CPE $WLL<\/li>\n\n\n\n<li>$NVCR &#8211; buy at 205.00 off 10ema<\/li>\n\n\n\n<li>$SCHW &#8211; buy at 71.20 (pullback buy)<\/li>\n\n\n\n<li>$ISRG &#8211; buy at 877.00<\/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>There is one new official setup for Tuesday in $CLF. $CLF cleared a short-term downtrend line two weeks ago after reversing off the 50-day MA. The price action reversed just shy of the 50-day MA last Friday, followed by a tight-ranged inside day on Monday.<\/p>\n<p>We like $CLF over the two-day high, looking for the price to follow through to the upside and take out the downtrend line.<\/p>\n<p>The stop is just beneath the low of Monday&#8217;s inside day, which is below the 10 and 20-day EMAs.<\/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-19000","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\/19000","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=19000"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19000\/revisions"}],"predecessor-version":[{"id":19006,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19000\/revisions\/19006"}],"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=19000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}