{"id":19036,"date":"2021-04-28T06:48:00","date_gmt":"2021-04-28T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19036"},"modified":"2023-02-27T02:44:44","modified_gmt":"2023-02-27T07:44:44","slug":"swing-trading-stocks-04282021","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-04282021\/","title":{"rendered":"The Wagner Daily &#8211; Closed Trades: $IR and $NVDA"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210428SNAP.png\" alt=\"$SNAP daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; April 28, 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><em>The Wagner Daily &#8211; April 28, 2021<br \/>Proven swing trading strategy, top ETF &amp; stock picks, and market timing model&#8230;since 2002<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-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><\/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>Market Timing Model &#8211; Buy (in&nbsp;S&amp;P 500 &amp; Nasdaq Composite)<\/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=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210428open.png\" alt=\"$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\/210428closed.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 $HUBS.<\/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-67.gif\" alt=\"\" class=\"wp-image-19038\" title=\"Anchor\"><\/figure>\n\n\n\n<p>With the addition of $CPE (buy limit) and $SNAP (bought via an intraday alert), the model portfolio is up to six long positions. Let&#8217;s see if some of these positions can follow through before adding more exposure.<\/p>\n\n\n\n<p>We closed two trades in the model portfolio on Tuesday. $IR triggered a near break-even stop for a small loss. Per intraday alert, sold $NVDA for small -1.2% loss due to the lack of follow through from our entry.&nbsp; Both losses totaled less than $70 on 50k, so very little harm done.<\/p>\n\n\n\n<p>There are no new official setups for Wednesday. Please see today&#8217;s unofficial watchlist for some ideas.<\/p>\n\n\n\n<p>As mentioned above, we bought $SNAP via an intraday alert as it took out the prior day&#8217;s high and created an engulfing candle-type look. However, the price weakened into the close. If Wednesday&#8217;s trading can hold above Tuesday&#8217;s close, then that would be a positive sign.<\/p>\n\n\n\n<p>For those not already long buy stops can be placed above the 3-day high and at the handle high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210428SNAP.png\" alt=\"$SNAP daily \" title=\"\"><\/figure>\n\n\n\n<p>$CPE is perking up after several weeks of basing. $MTDR is also potentially in play above resistance. This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210428MTDR.png\" alt=\"$MTDR daily \" title=\"\"><\/figure>\n\n\n\n<p>$UNFI, like $CPE and $MTDR, has been in chop for a few months near the recent high. The 50-day MA caught up and provided support. A move through Tuesday&#8217;s high in the unofficial trigger.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210428UNFI.png\" alt=\"$UNFI daily \" title=\"\"><\/figure>\n\n\n\n<p>If Semis see some buying, look for $AMAT and $ICHR to push higher. Financials $COWN $TIGR $LAZ and $FUTU are worth monitoring.<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$SNAP buy at 63.30 and 66.01<\/li>\n\n\n\n<li>$UNFI &#8211; buy at 36.18 and\/or 36.92<\/li>\n\n\n\n<li>$ICHR &#8211; buy at 60.70<\/li>\n\n\n\n<li>$LPRO &#8211; buy at 38.77<\/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>With the addition of $CPE (buy limit) and $SNAP (bought via an intraday alert), the model portfolio is up to six long positions. Let&#8217;s see if some of these positions can follow through before adding more exposure.<\/p>\n<p>We closed two trades in the model portfolio on Tuesday. $IR triggered a near break-even stop for a small loss. Per intraday alert, sold $NVDA for small -1.2% loss due to the lack of follow through from our entry.\u00a0 Both losses totaled less than $70 on 50k, so very little harm done.<\/p>\n<p>There are no new official setups for Wednesday. Please see today&#8217;s unofficial watchlist for some ideas.<\/p>\n<p>As mentioned above, we bought $SNAP via an intraday alert as it took out the prior day&#8217;s high and created an engulfing candle-type look. However, the price weakened into the close. If Wednesday&#8217;s trading can hold above Tuesday&#8217;s close, then that would be a positive sign.<\/p>\n<p>For those not already long buy stops can be placed above the 3-day high and at the handle high.<\/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-19036","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\/19036","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=19036"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19036\/revisions"}],"predecessor-version":[{"id":19042,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19036\/revisions\/19042"}],"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=19036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}