{"id":19052,"date":"2021-04-26T06:48:00","date_gmt":"2021-04-26T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19052"},"modified":"2023-02-27T02:55:00","modified_gmt":"2023-02-27T07:55:00","slug":"swing-trading-stocks-04262021","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-04262021\/","title":{"rendered":"The Wagner Daily &#8211; Post-earnings buy signal for $TSLA"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210426TSLA.png\" alt=\"$TSLA daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; April 26, 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<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-70.gif\" alt=\"\" class=\"wp-image-19056\" title=\"Anchor\"><\/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:&nbsp; Buy (in S&amp;P 500 and Nasdaq Composite)&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep 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\/210426watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210426open.png\" alt=\"$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 $HUBS.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-69.gif\" alt=\"\" class=\"wp-image-19054\" title=\"Anchor\"><\/figure>\n\n\n\n<p>The Nasdaq Composite is in pretty good shape after finding support at the rising 20-day EMA last week and is now forming&nbsp;the handle portion of a cup with handle pattern on the daily chart below.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210426COMP.png\" alt=\"$COMP daily \" title=\"\"><\/figure>\n\n\n\n<p>The price and volume action in growth stocks improved late last week, which is a positive sign for our style of trading. Let&#8217;s see if $HUBS, $NVDA, $CRWD, and $NET can continue higher without giving back much ground by staying above a rising 10ema.<\/p>\n\n\n\n<p>Per intraday alert, we bought a half position in $HUBS on a breakout over the handle high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210426HUBS.png\" alt=\"$HUBS daily \" title=\"\"><\/figure>\n\n\n\n<p>There is one new official setup for Monday&#8217;s session in $NVDA, where we have a buy stop above last Thursday&#8217;s high. If the price fails to hold the 10ema, then we will monitor for a reversal candle entry off the 20ema.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210426NVDA.png\" alt=\"$NVDA daily \" title=\"\"><\/figure>\n\n\n\n<p>$TSLA is forming a legit handle above the 50-day MA but reports earnings on 4\/26. Ideally, we&#8217;d love to see a post-earnings gap up above $780 to generate a buy signal.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210426TSLA.png\" alt=\"$TSLA daily \" title=\"\"><\/figure>\n\n\n\n<p>$SNAP held the 50-day MA after reporting earnings and could be in play for within the next week or two. A test of the 50-day MA this week could be a low-risk spot for a small position. This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210426SNAP.png\" alt=\"$SNAP daily \" title=\"\"><\/figure>\n\n\n\n<p>$IR reports earnings on 4\/28. Note the new stop in place to exit if the price breaks the 8-day EMA, which would result in a small loss. We would need a buffer of at least 5% to hold through the report.<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$SNAP &#8211; buy pullback to 60.00<\/li>\n\n\n\n<li>$SQ &#8211; buy at 250.00<\/li>\n\n\n\n<li>$SE &#8211; buy at 262.00 (look for volume to pick up)<\/li>\n\n\n\n<li>$ETSY &#8211; buy at 217.75 (volume should pick up)<\/li>\n\n\n\n<li>$NET &#8211; buy pullback to 80.50, stop break of 8-day EMA<\/li>\n\n\n\n<li>$LPRO &#8211; buy at 38.15 (reclaim 50ma)<\/li>\n\n\n\n<li>$FND &#8211; but at 114.75<\/li>\n<\/ul>\n\n\n\n<p>See you in the Live Trading Room<\/p>\n\n\n\n<p>Rick<\/p>\n\n\n\n<p>For those new to this report, our share size is pretty conservative with max. size around 10% of equity per trade. We do this because we prefer to trade 10-12 names to keep the report active.&nbsp; However, if your goal is to maximize returns, taking 18-25% positions is the way to go.&nbsp; &nbsp;If trading in a non-margin account, this will limit the portfolio to 4-5 positions.&nbsp; If on margin, then 8-10 positions. Our risk per trade on average is just over 1\/2 of 1%. Experienced traders may want to risk 1% to 2% per trade.&nbsp; &nbsp;For example, a 20% position in a 100k account with a 6% stop loss would result in a $1,200 loss (1.2%).&nbsp;<\/p>\n\n\n\n<p>Click on the link below to view this week&#8217;s watchlist in google sheets.<\/p>\n\n\n\n<p>This list is a good starting point for monitoring the health of the market for those who have limited time.<\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/docs.google.com\/spreadsheets\/d\/1rc2qIXer0HMbVutBrv4mfDgunJBcZX6_C5LiCnq-4iU\/edit?usp=sharing\n<\/div><\/figure>\n\n\n\n<p><br \/>DISCLAIMER: Past results are not necessarily indicative of future results. There is a high degree of risk for substantial losses in trading securities. All data and material on this website and\/or electronically delivered to individuals is for informational purposes only, and should not be construed as an offer or solicitation of an offer to buy or sell any securities. By using\u00c2&nbsp;the\u00c2&nbsp;content on this document, user understands and agrees to&nbsp;&nbsp;<a href=\"http:\/\/www.morpheustrading.com\/site\/disclaimer.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">full terms of this disclaimer<\/a>.<\/p>\n\n\n\n<p><br \/>\u00c2\u00a92002-2021 Morpheus Trading, LLC<br \/>Reproduction without permission is strictly prohibited.<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$TSLA is forming a legit handle above the 50-day MA but reports earnings on 4\/26. Ideally, we&#8217;d love to see a post-earnings gap up above $780 to generate a buy signal.<\/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-19052","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\/19052","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=19052"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19052\/revisions"}],"predecessor-version":[{"id":19060,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19052\/revisions\/19060"}],"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=19052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}