{"id":19112,"date":"2021-04-13T06:48:00","date_gmt":"2021-04-13T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19112"},"modified":"2023-02-27T08:11:43","modified_gmt":"2023-02-27T13:11:43","slug":"swing-trading-stocks-041321","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-041321\/","title":{"rendered":"The Wagner Daily &#8211; New Setup Alert: $PINS Cup with Handle"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210413PINS.png\" alt=\"$PINS daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; April 13, 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\/210413watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210413open.png\" alt=\"$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\/210413closed.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 and sold half of $SI due to a lack of follow-through from our entry.<\/li>\n\n\n\n<li>Per intraday alert, sold the $SE pullback entry which triggered earlier in the day for a scratch.<\/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-78.gif\" alt=\"\" class=\"wp-image-19138\" title=\"Anchor\"><\/figure>\n\n\n\n<p>Growth stocks have been a bit of a mixed bag in terms of performance as of late.&nbsp; A handful of high-quality stocks have assumed leadership and followed through to the upside while others have yet to move out and are still chopping around the 50-day MA.<\/p>\n\n\n\n<p>The model portfolio is shaping up after a few stops outs. $WSM failed to move out and triggered our stop. $SI, which was an entry via an intraday alert stopped us out of half the position due to the failed gap-up (still long the second half).&nbsp; We also sold $SE for a scratch, looking to put money to work in other stocks such as $PINS and $SNAP.<\/p>\n\n\n\n<p>$RBLX pushed higher on Monday, which was a positive response to Friday&#8217;s close per the commentary in Monday&#8217;s report.<\/p>\n\n\n\n<p>$FUTU, $ETSY, and $APPS are current longs in the model portfolio that could be ready to extend from the buy point this week.<\/p>\n\n\n\n<p>$APPS reversed off support on Monday and closed with a bullish outside day. A bullish outside day occurs when the day&#8217;s low is less than the prior day&#8217;s low and the day&#8217;s high is above the prior day&#8217;s high, with a close that is near the highs of the session.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210413APPS.png\" alt=\"$APPS daily \" title=\"\"><\/figure>\n\n\n\n<p>$ETSY has closed above the 50-day MA for the third day in a row and could be ready to extend higher IF it can clear 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\/210413ETSY.png\" alt=\"$ETSY daily \" title=\"\"><\/figure>\n\n\n\n<p>There is one new official setup for Tuesday in $PINS, which is attempting to form the handle portion of a cup with handle pattern. A handle is a short-term pullback of five or more days on the right side of the cup. The handle should form above the 50-day MA and in the top half of the base. $PINS may or may not form a full handle here, but the pause is good enough for us so we are placing a buy stop over the handle high.&nbsp; The sell stop is below Monday&#8217;s low.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210413PINS.png\" alt=\"$PINS 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>$ICHR &#8211; pullback entry, buy at 60.01 over Monday&#8217;s high<\/li>\n\n\n\n<li>$SLQT &#8211; buy at 32.15 and 32.65<\/li>\n\n\n\n<li>$UPWK &#8211; buy at 49.01<\/li>\n\n\n\n<li>$FVRR- buy at 233.00<\/li>\n\n\n\n<li>$FUTU &#8211; add over 165.00<\/li>\n\n\n\n<li>$APPS &#8211; add over 94.00<\/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 $PINS, which is attempting to form the handle portion of a cup with handle pattern. A handle is a short-term pullback of five or more days on the right side of the cup. The handle should form above the 50-day MA and in the top half of the base. $PINS may or may not form a full handle here, but the pause is good enough for us so we are placing a buy stop over the handle high.\u00a0 The sell stop is below Monday&#8217;s low.\u00a0\u00a0<\/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-19112","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\/19112","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=19112"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19112\/revisions"}],"predecessor-version":[{"id":19142,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19112\/revisions\/19142"}],"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=19112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}