{"id":19224,"date":"2021-03-23T06:48:00","date_gmt":"2021-03-23T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19224"},"modified":"2023-02-27T21:54:02","modified_gmt":"2023-02-28T02:54:02","slug":"swing-trading-stocks-032321","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-032321\/","title":{"rendered":"The Wagner Daily &#8211; Nasdaq vulnerable to more selling"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210323IXIC.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; March 23, 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 BUY, No FTD day in Nasdaq Composite yet,<\/em><\/strong><\/p>\n\n\n\n<p><em>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.<\/em><\/p>\n\n\n\n<p><em><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/em><\/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 \/><em><strong><em>open positions:<\/em><\/strong><\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/open.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p><em><strong><em>closed positions:<\/em><\/strong><\/em><\/p>\n\n\n\n<p><em><strong>position notes:<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No trades triggered. Canceled the $MARA trade for now but will continue to monitor.<\/li>\n<\/ul>\n\n\n\n<p><em><strong><em><strong><em><strong><em><strong><em>Commentary:<\/em><\/strong><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/em><\/p>\n\n\n\n<p>The Nasdaq Composite rallied 1.2% on lighter volume and sold off into the close after stalling at the 50-day MA. The Nasdaq is vulnerable to further selling if Monday&#8217;s low does not hold. An immediate move back through Monday&#8217;s high would be a positive.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210323IXIC.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p>The S&amp;P 500 closed with a +0.7% gain but may struggle to gain much ground if the leading financial and energy sectors continue to sell-off.<\/p>\n\n\n\n<p>Although we are starting to see some higher lows develop, for the most part, the fast-moving growth stocks that we are used to trading are still not ready to move higher in numbers. Patience is key.<\/p>\n\n\n\n<p>Below are a few stocks we are monitoring on the long side. These setups are not official.<\/p>\n\n\n\n<p>If $W does breakout, then it may have a hard time gaining much after the initial surge unless conditions improve.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210323W.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p>$ABNB and $BMBL are recent IPOs that could be played for an early entry with small size.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210323ABNB.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210323BMBL.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p>$XONE could be in play for a pop if it can clear the downtrend line.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210323XONE.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p>If market conditions in the Nasdaq continue to deteriorate, then none of the charts above will be actionable.<\/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>$OPEN &#8211; buy at 28.65 (bull flag like move off the lows)<\/li>\n\n\n\n<li>$NFE &#8211; buy at 53.51<\/li>\n\n\n\n<li>$FINV &#8211; buy at 9.01<\/li>\n\n\n\n<li>$ETSY &#8211; buy at 224.70<\/li>\n\n\n\n<li>$BMBL &#8211; buy at 69.60<\/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 rallied 1.2% on lighter volume and sold off into the close after stalling at the 50-day MA. The Nasdaq is vulnerable to further selling if Monday&#8217;s low does not hold. An immediate move back through Monday&#8217;s high would be a positive.<\/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-19224","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\/19224","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=19224"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19224\/revisions"}],"predecessor-version":[{"id":19250,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19224\/revisions\/19250"}],"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=19224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}