{"id":19198,"date":"2021-03-29T06:48:00","date_gmt":"2021-03-29T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19198"},"modified":"2023-02-27T21:05:51","modified_gmt":"2023-02-28T02:05:51","slug":"swing-trading-stocks-032921","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-032921\/","title":{"rendered":"The Wagner Daily &#8211; S&amp;P 500 Reclaims Rising 20-Day EMA"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210329SPX.png\" alt=\"$S&amp;P 500 Daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; March 29, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><strong><em>market timing model: S&amp;P 500 &#8211; BUY,&nbsp; Nasdaq Composite &#8211; SELL<\/em><\/strong><\/p>\n\n\n\n<p>Our timing model was designed to keep trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p><br \/><strong><em>open positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210329open.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<p><strong>position notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$DEN buy stop triggered.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><strong><em>Commentary:<\/em><\/strong><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>The S&amp;P 500 continues to lead with the price reclaiming the rising 20-day EMA on a follow-through day.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210329SPX.png\" alt=\"$S&amp;P 500 Daily\" title=\"\"><\/figure>\n\n\n\n<p>The Nasdaq Composite moved in the right direction last week after holding support at 13,000. There is a ton of overhead resistance, which is fine, as this index and many leading stocks could use a few weeks of chop to base out.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210329IXIC.png\" alt=\"$Nasdaq Composite \" title=\"\"><\/figure>\n\n\n\n<p>Midcap growth ETF $IWP, like the Nasdaq remains below a declining 20-day EMA.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210329IWP.png\" alt=\"$IWP daily \" title=\"\"><\/figure>\n\n\n\n<p>With the exception of recent strength in semiconductor stocks such as $AMAT, $ICHR, and $LRCX, most tech related areas are not in play. Homebuilders ($TMHC $PHM $LGIH), metals ($X $CENX $TMST $CLF), and some energy stocks ($DEN $SM $DVN) are strong.<\/p>\n\n\n\n<p>There are no new setups for Monday as our scans did not produce many low-risk buy points following Friday&#8217;s run-up.<\/p>\n\n\n\n<p>$WSM is not an official setup but one we are monitoring for a potential pullback entry off the rising 10-day EMA.&nbsp;&nbsp;The big volume breakaway gap up has held up well so far, which is a very bullish sign&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210329WSM.png\" alt=\"$WSM daily \" title=\"\"><br \/><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<ul><li>$TKAT &#8211; for a quick swing over 41.20<\/li><\/ul><\/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 S&#038;P 500 continues to lead with the price reclaiming the rising 20-day EMA on a follow-through day.\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-19198","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\/19198","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=19198"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19198\/revisions"}],"predecessor-version":[{"id":19222,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19198\/revisions\/19222"}],"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=19198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}