{"id":19126,"date":"2021-04-12T06:48:00","date_gmt":"2021-04-12T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19126"},"modified":"2023-02-27T08:17:32","modified_gmt":"2023-02-27T13:17:32","slug":"swing-trading-stocks-041221","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-041221\/","title":{"rendered":"The Wagner Daily &#8211; Growth Stocks Headed in the Right Direction"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/2104012IWP.png\" alt=\"$$IWP daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; April 12, 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\/210412watch.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\/210412open.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>$RBLX buy stop triggered.<\/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-79.gif\" alt=\"\" class=\"wp-image-19146\" title=\"Anchor\"><\/figure>\n\n\n\n<p>Last week was a step in the right direction for growth stocks, which is where we prefer to operate in the model portfolio.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The iShares Russell Midcap Growth ETF $IWP, which is a decent benchmark for us is setting higher highs above the 50-day MA, with the rising 10-day EMA now above the rising 20-day EMA (momentum is building).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/2104012IWP.png\" alt=\"$$IWP daily \" title=\"\"><\/figure>\n\n\n\n<p>We plan to add more exposure this week as setups develop.<\/p>\n\n\n\n<p>$RBLX was added to the model portfolio last Friday but sold off into the close. Ideally, we&#8217;d like to see Monday&#8217;s open and morning session hold Friday&#8217;s close and push higher later in the day. However, as long as Friday&#8217;s low holds, where there is support from the 10 and 20-day EMAs, then the trade should have a decent shot of working out.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210412RBLX.png\" alt=\"$RBLX daily \" title=\"\"><\/figure>\n\n\n\n<p>There is one new setup on the watchlist for Monday and it&#8217;s an add to an existing position in $APPS over resistance at $94. Look for a pick-up in volume by the close (should come in above the 50-day moving average) to confirm the move.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210412APPS.png\" alt=\"$APPS daily \" title=\"\"><\/figure>\n\n\n\n<p>$PINS is must-own for us due to strong quarterly revenue growth and +43% yearly EPS estimate for 2022 and&nbsp;could be in play this week on a breakout above the base high or on a pullback to the rising 10-day EMA. The price is straight up off the lows and could breakout to new highs without a pause, which isn&#8217;t ideal. However, we don&#8217;t mind buying these obvious breakouts when it occurs at the start of a new rally.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210412PINS.png\" alt=\"$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>$PINS &#8211; buy at 90.10 or pullback to 10ema<\/li>\n\n\n\n<li>$SI &#8211; buy over 178.00 (do not take if already long one or two crypto-related stocks)<\/li>\n\n\n\n<li>$HUBS &#8211; buy a pullback to 485.00<\/li>\n\n\n\n<li>$UPST &#8211; buy at 135.00<\/li>\n\n\n\n<li>$FVRR- buy at 233.00<\/li>\n\n\n\n<li>$CPNG &#8211; hammer reversal last Thursday, buy at 46.60<\/li>\n\n\n\n<li>$FUTU &#8211; add over 165.00<\/li>\n\n\n\n<li>$BLOK &#8211; buy at 58.90 (crypto-related ETF)<\/li>\n\n\n\n<li>$APPS &#8211; add over 94.00<\/li>\n\n\n\n<li>$W &#8211; buy at 384.00<\/li>\n\n\n\n<li>Watch semis for an add or swing buy, $AMAT $KLAC\u00a0<\/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>Last week was a step in the right direction for growth stocks, which is where we prefer to operate in the model portfolio.\u00a0\u00a0<\/p>\n<p>The iShares Russell Midcap Growth ETF $IWP, which is a decent benchmark for us is setting higher highs above the 50-day MA, with the rising 10-day EMA now above the rising 20-day EMA (momentum is building).<\/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-19126","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\/19126","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=19126"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19126\/revisions"}],"predecessor-version":[{"id":19150,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19126\/revisions\/19150"}],"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=19126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}