{"id":19166,"date":"2021-04-05T06:48:00","date_gmt":"2021-04-05T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19166"},"modified":"2023-02-27T20:45:10","modified_gmt":"2023-02-28T01:45:10","slug":"swing-trading-stocks-040521","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-040521\/","title":{"rendered":"The Wagner Daily &#8211; Nasdaq on buy signal"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210405NAZ.png\" alt=\"$Nasdaq daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily -April 5, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>market timing model: S&amp;P 500 buy, Nasdaq buy&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210405watch.png\" alt=\"$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\/210405open.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>No trades were made.<\/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<p>The Nasdaq Composite joined the S&amp;P 500 on a buy signal after last Wednesday&#8217;s follow-through day (FTD) and close above the 20-day EMA. The Nasdaq still has quite a bit of resistance to clear around $13,600, but the technical picture has improved.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210405NAZ.png\" alt=\"$Nasdaq daily \" title=\"\"><\/figure>\n\n\n\n<p>With both indices in buy mode, this should improve the quality of setups in stocks we like to trade during the next few weeks.&nbsp;&nbsp;For the buy signals to remain intact, the S&amp;P 500 should stay above the rising 20-day EMA (on a closing basis). The Nasdaq needs to hold the low of the 3\/31 follow-through day (on a closing basis).<\/p>\n\n\n\n<p>There are two new buy setups for Monday&#8217;s session.<\/p>\n\n\n\n<p>$MARA is a beast of a stock that we don&#8217;t want to miss. It&#8217;s an explosive stock that can be tough to trade at times and may require more than one entry before getting it right.&nbsp; Ideally, we&#8217;d love to see a 2-3 day pause or pullback before moving higher, but the price could just rip from here without much of a pause. Our buy stop is over last week&#8217;s high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210405MARA.png\" alt=\"$MARA daily \" title=\"\"><\/figure>\n\n\n\n<p>$WSM&#8217;s breakaway gap-up on explosive price and volume action was a buy signal. Last week&#8217;s pause was almost an inside week, with the price action chopping in a tight range on declining volume. We like $WMS over last week&#8217;s high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210405WSM.png\" alt=\"$WSM daily \" title=\"\"><\/figure>\n\n\n\n<p>Semiconductor stocks are leading right now and we are positioned well with entries in $AMAT and $LRCX.&nbsp; Metals $CLF, $TWST, and $X could be in play this week.&nbsp; Along with $MARA, $RIOT, $SI, and $FUTU should be monitored for buy points.&nbsp; Some of these stocks may only need a day or two of chop before moving higher.<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$CLF &#8211; buy at 20.45<\/li>\n\n\n\n<li>$MU- buy at 94.51<\/li>\n\n\n\n<li>$SI &#8211; buy in the 140-144 range with stop below 50ma<\/li>\n\n\n\n<li>$SLGG &#8211; buy at 7.65<\/li>\n\n\n\n<li>$UPST &#8211; buy at 147.68<\/li>\n\n\n\n<li>$KPN &#8211; buy at 11.00<\/li>\n\n\n\n<li>$SM &#8211; buy pullback to 18.20ish, stop 16.68<\/li>\n\n\n\n<li>$SEAS &#8211; buy at 51.76<\/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>The Nasdaq Composite joined the S&#038;P 500 on a buy signal after last Wednesday&#8217;s follow-through day (FTD) and close above the 20-day EMA. The Nasdaq still has quite a bit of resistance to clear around $13,600, but the technical picture has improved.<\/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-19166","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\/19166","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=19166"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19166\/revisions"}],"predecessor-version":[{"id":19196,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19166\/revisions\/19196"}],"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=19166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}