{"id":19110,"date":"2021-04-15T06:48:00","date_gmt":"2021-04-15T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19110"},"modified":"2023-02-27T07:34:44","modified_gmt":"2023-02-27T12:34:44","slug":"swing-trading-stocks-041521","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-041521\/","title":{"rendered":"The Wagner Daily &#8211; Growth Stocks Reversing Lower: $SQ $PINS $HUBS"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210415SQ.png\" alt=\"$SQ daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; April 15, 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><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\/watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210415open.png\" alt=\"$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\/210415closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$PINS, $ETSY, and $SNAP buy stops triggered.<\/li>\n\n\n\n<li>Losses offset by small winners for the most part (on closed positions only).&nbsp;<\/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-76.gif\" alt=\"\" class=\"wp-image-19120\" title=\"Anchor\"><\/figure>\n\n\n\n<p>Leading growth stocks took a step back on Wednesday with recent movers such as $SQ, $PINS, and $HUBS reversing lower. Overall, market conditions have improved this week, but we have yet to see the type of breakout action that we normally associate with a new bull market rally. This may be due to the overall lack of buyable setups when the Nasdaq put in its Follow-Through Day (FTD), as there was so much damage from the last selloff with most stocks reclaiming the 50-day MA rather than breaking out to new highs.<\/p>\n\n\n\n<p>The model portfolio was active on Wednesday with several stop outs. Small gains in $LRCX, $AMAT, and $FUTU offset losses, while $APPS was sold just below break-even. Not ideal, but we are just trying to limit damage while we wait for our type of market to kick in.<\/p>\n\n\n\n<p>Per intraday alert, we are still long half positions in $PINS and $SNAP, while still holding a 5% position in $ETSY and 6% position in $RBLX (with a breakeven stop).&nbsp; &nbsp;It may be tough to see a winner like $RBLX go from +13% to +3%, but with our timing model on a fresh new buy signal following a market correction, we are not looking to sell winners for a 10%-15% gain.<\/p>\n\n\n\n<p>There are no new buy setups for today. Let&#8217;s see how the market and current open positions respond to Wednesday&#8217;s selling.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210415SQ.png\" alt=\"$SQ daily \" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210415SNAP.png\" alt=\"$snap daily \" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210415PINS.png\" alt=\"$PINS daily \" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210415FUTU.png\" alt=\"$FUTU daily \" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$UPST &#8211; buy at 116.00<\/li>\n\n\n\n<li>$SHLS &#8211; buy at 34.60<\/li>\n\n\n\n<li>$SIG $GT $SEAS $TRIP $VUZI possibly in play on strength<\/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>Leading growth stocks took a step back on Wednesday with recent movers such as $SQ, $PINS, and $HUBS reversing lower. Overall, market conditions have improved this week, but we have yet to see the type of breakout action that we normally associate with a new bull market rally. This may be due to the overall lack of buyable setups when the Nasdaq put in its Follow-Through Day (FTD), as there was so much damage from the last selloff with most stocks reclaiming the 50-day MA rather than breaking out to new highs.<\/p>\n<p>The model portfolio was active on Wednesday with several stop outs. Small gains in $LRCX, $AMAT, and $FUTU offset losses, while $APPS was sold just below break-even. Not ideal, but we are just trying to limit damage while we wait for our type of market to kick in.<\/p>\n<p>Per intraday alert, we are still long half positions in $PINS and $SNAP, while still holding a 5% position in $ETSY and 6% position in $RBLX (with a breakeven stop).\u00a0 \u00a0It may be tough to see a winner like $RBLX go from +13% to +3%, but with our timing model on a fresh new buy signal following a market correction, we are not looking to sell winners for a 10%-15% gain.<\/p>\n<p>There are no new buy setups for today. Let&#8217;s see how the market and current open positions respond to Wednesday&#8217;s selling.<\/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-19110","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\/19110","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=19110"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19110\/revisions"}],"predecessor-version":[{"id":19124,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19110\/revisions\/19124"}],"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=19110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}