{"id":19072,"date":"2021-04-22T06:48:00","date_gmt":"2021-04-22T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19072"},"modified":"2023-02-27T03:11:50","modified_gmt":"2023-02-27T08:11:50","slug":"swing-trading-stocks-04222021","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-04222021\/","title":{"rendered":"The Wagner Daily &#8211; $NVDA Bullish Reversal"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210422NVDA.png\" alt=\"$NVDA daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; April 22, 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\/210422watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210422open.png\" alt=\"$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 $IR.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-71.gif\" alt=\"\" class=\"wp-image-19074\" title=\"Anchor\"><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-72.gif\" alt=\"\" class=\"wp-image-19076\" title=\"Anchor\"><\/figure>\n\n\n\n<p>The Nasdaq remains a laggard to the S&amp;P 500 but the price action has been constructive since reclaiming the 50-day MA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210422COMP.png\" alt=\"$COMP daily \" title=\"\"><\/figure>\n\n\n\n<p>There are three new setups for Thursday&#8217;s session.<\/p>\n\n\n\n<p>First up is a breakout entry at the base high in $ALGN, which has formed a 10-week cup with no handle. We like the strong advance off the lows of the base, followed by support at the 10-day EMA. If no handle forms, then the highs of the base will serve as our entry. A handle is five days in length and should drift lower.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210422ALGN.png\" alt=\"$ALGN daily \" title=\"\"><\/figure>\n\n\n\n<p>$NVDA broke out to new highs on a pick-up in volume last week. The price has pulled back to the 10-day EMA and undercut the base high, which was the buy pivot. As mentioned above with $ALGN, the base high serves as a buy pivot when there is no handle.<\/p>\n\n\n\n<p>Wednesday&#8217;s light volume inside day is constructive (dry up in volatility and volume)&nbsp; and suggests that the stock may be ready to reverse higher.&nbsp; We have a buy stop in place over the two-day high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210422NVDA.png\" alt=\"$NVDA daily \" title=\"\"><\/figure>\n\n\n\n<p>$TSLA is back in play for us after defending the 50-day MA in two of the last three sessions. The last swing (from 414 to 4\/19) could serve as a lower handle because it is above the 50-day MA and the midpoint of this swing is slightly above the midpoint of the base.<\/p>\n\n\n\n<p>We have a buy limit in place to enter on slight weakness.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210422TSLA.png\" alt=\"$TSLA daily \" title=\"\"><\/figure>\n\n\n\n<p>Per intraday alert, $IR was added to the model portfolio over the two-day high. The entry failed to follow through but volume was solid along with a close near the highs of the session.&nbsp; &nbsp;Note the price swings tightening up on the chart from left to right, which is constructive action.&nbsp; &nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210422IR.png\" alt=\"$IR  daily \" title=\"\"><\/figure>\n\n\n\n<p><strong>This is not an official setup. <\/strong>$UPST reversed off the 50-day MA and is potentially in play over Wednesday&#8217;s high. Note that the stop can either be placed beneath the prior day&#8217;s low or 2-3% below 50ma if the prior day&#8217;s low is too wide of a stop.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210422UPST.png\" alt=\"$TSLA daily \" title=\"\"><\/figure>\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>$UPST &#8211; buy at 1020.00<\/li>\n\n\n\n<li>$AMAT &#8211; buy near Wednesday&#8217;s close or on a slight pullback<\/li>\n\n\n\n<li>$CARA &#8211; buy at 28.51<\/li>\n\n\n\n<li>$NVAX &#8211; buy at 218.00<\/li>\n\n\n\n<li>$WSM &#8211; buy at 174.00<\/li>\n\n\n\n<li>Watching &#8211; $TSLA $SQ $FB $ISRG $RBLX $VZIO $PYPL $CRWD $SNAP $HUBS $TWTR<\/li>\n<\/ul>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$NVDA broke out to new highs on a pick-up in volume last week. The price has pulled back to the 10-day EMA and undercut the base high, which was the buy pivot. As mentioned above with $ALGN, the base high serves as a buy pivot when there is no handle.<\/p>\n<p>Wednesday&#8217;s light volume inside day is constructive (dry up in volatility and volume)\u00a0 and suggests that the stock may be ready to reverse higher.\u00a0 We have a buy stop in place over the two-day 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-19072","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\/19072","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=19072"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19072\/revisions"}],"predecessor-version":[{"id":19080,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19072\/revisions\/19080"}],"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=19072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}