{"id":12110,"date":"2022-03-31T04:58:00","date_gmt":"2022-03-31T08:58:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=12110"},"modified":"2022-04-16T05:47:10","modified_gmt":"2022-04-16T09:47:10","slug":"swing-trading-stocks-03-31-22","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-03-31-22\/","title":{"rendered":"The Wagner Daily &#8211; Looking for a Re-entry on the $NVDA Pullback"},"content":{"rendered":"\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331NVDA.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331NVDA.png\" alt=\"$NVDA  daily \" width=\"710\" height=\"555\" title=\"\"><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; March 31, 2022<\/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\"\/>\n\n\n\n<p><!-- Begin market timing model --><a name=\"timing\"><\/a><strong><em>MTG Market Timing Model &#8211;&nbsp; BUY as of 3\/16 close<\/em><\/strong><\/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 name=\"watchlist\"><\/a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/p>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" alt=\"$todays watchlist\" title=\"\"><br \/><em>&nbsp;<\/em><br \/><!-- End watchlist --><!-- Begin open positions --><a name=\"positions\"><\/a><strong><em>open positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/open.png\" alt=\"$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=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>$GFS and $AOSL buy stops triggered.<\/li><li>Sold or stopped out of all longs and now sitting in a 100% cash position.<\/li><\/ul>\n\n\n\n<p><!-- End closed positions --><strong><em><strong><em><strong><em><a name=\"etf\"><\/a> <strong><em>Commentary:<\/em><\/strong><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Stocks sold off on Wednesday with small and large-cap tech leading to the downside. Overall, total volume was lighter on both the NYSE and NASDAQ, so the S&amp;P 500 and Nasdaq avoided a distribution day.<\/p>\n\n\n\n<p>Nasdaq could use a few days of sideways action to digest recent gains.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331COMP.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331COMP.png\" alt=\"$Nasdaq Comp daily \" width=\"710\" height=\"555\" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/figure>\n\n\n\n<p>Per intraday alerts, the model portfolio is 100% cash as we either stopped out of or sold all open positions. Let&#8217;s see how leaders react to Wednesday&#8217;s selling and go from there.<\/p>\n\n\n\n<p>$AOSL triggered our buy stop and ripped higher but lacked any follow-through. We raised the stop to Wednesday&#8217;s low due to the ugly reversal action, which triggered.<\/p>\n\n\n\n<p>60-minute chart of $AOSL<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331AOSL.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331AOSL.png\" alt=\"$AOSL 60 \" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/figure>\n\n\n\n<p>On the daily chart, $AOSL struggled the first time the Nasdaq sold off by more than 1% on 3\/23. It did so once again on Wednesday. Not ideal price and volume action from a leader.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331AOSL3.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331AOSL3.png\" alt=\"$AOSL daily \" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/figure>\n\n\n\n<p>$NVDA may be back in play within the next few days.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331NVDA.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331NVDA.png\" alt=\"$NVDA  daily \" width=\"710\" height=\"555\" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/figure>\n\n\n\n<p>$CARG has tightened up from left to right on the daily chart below. The first pullback off the highs was 28% vs 11% recent pullback. Not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331CARG.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220331CARG.png\" alt=\"$CARG  daily \" width=\"710\" height=\"555\" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/figure>\n\n\n\n<p>For those who are new to the service, our system is based on trading growth stocks that can explode higher in a short period of time&#8230;when conditions are ideal. For most of 2022, conditions have not been ideal, so we have been playing the short side when setups are there while waiting for a new buy signal. Below are a few things we are looking for in a buy signal.<\/p>\n\n\n\n<p>Keys to market turning bullish:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Buy signal in the timing model, such as a FTD (follow through day) or reclaim of 21-day EMA<\/li><li>Stocks begin to breakout on volume and hold&#8230; indexes hold the 21-day EMA<\/li><li>Number of stocks making new 52-week highs vs 52-week lows enters into positive territory<\/li><li>After the first wave of breakouts, new setups emerge<\/li><\/ul>\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\"><li>&nbsp;Longs &#8211; $BRCC $AGCO&nbsp; $TRTN (over prior day&#8217;s high )<\/li><li>&nbsp;Shorts &#8211;&nbsp;<\/li><\/ul>\n\n\n\n<p>Press HERE (link restricted to paid members) to view this week&#8217;s stock watchlist, an excellent starting point for monitoring the health of the market and finding the best stocks for swing trading<em>.<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membershiip now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$NVDA failed to follow-through on our initial entry above the 3-day high.<\/p>\n<p>As such, we sold $NVDA on the failed breakout and are looking for a potential re-entry point on the pullback.<\/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-12110","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\/12110","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=12110"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12110\/revisions"}],"predecessor-version":[{"id":12114,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12110\/revisions\/12114"}],"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=12110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=12110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=12110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}