{"id":16008,"date":"2022-12-19T06:48:00","date_gmt":"2022-12-19T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16008"},"modified":"2023-02-03T04:53:54","modified_gmt":"2023-02-03T09:53:54","slug":"swing-trading-stocks-121922","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-121922\/","title":{"rendered":"The Wagner Daily &#8211; $SLB Forms Bullish Reversal, Eyeing Higher Low"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221219SLB.png\" alt=\"$slb daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; December 19, 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 has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; Sell (as of Dec. 15) due to a break of 20ema in S&amp;P 500<\/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><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221219list.png\" title=\"\">&nbsp;<br \/><br \/><a><strong><em>position notes:<\/em><\/strong><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No trades triggered.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:&nbsp;<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Our timing model moved back into sell mode last week with all major indices we follow breaking the 20-day EMA on the daily chart.<\/p>\n\n\n\n<p>The S&amp;P 500 closed below 50-day MA last Friday and may be due for a bounce after a sharp selloff.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221219SPX.png\" alt=\"$S&amp;P 500 daily\" title=\"\"><\/figure>\n\n\n\n<p>The Nasdaq 100 ($NDX) broke the 50-day MA last week and may be due for a short-term bounce. Any bounce above the 50-day MA will have to work through resistance from the declining 8 and 20-day EMAs.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221219NDX.png\" alt=\"$QQQ daily\" title=\"\"><\/figure>\n\n\n\n<p>There isn&#8217;t much to do on either side of the market, so there are no new official setups for Monday&#8217;s session.<\/p>\n\n\n\n<p>Market conditions are too shaky to add new longs.&nbsp;As for shorts, a bounce would be ideal for lower-risk setups.<\/p>\n\n\n\n<p>Although the majority of stocks on our watchlist haven&#8217;t moved much in recent weeks, many are still hanging around the 20 or 50-day MA ($CELH $MEDP $WING).<\/p>\n\n\n\n<p>$SLB closed out last week&#8217;s trading with a bullish reversal candle that could create a higher low. Not an official setup&#8230; just keeping an eye on the action for now.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221219SLB.png\" alt=\"$slb daily\" title=\"\"><\/figure>\n\n\n\n<p>$GTLB has formed a bull-flag-like pattern after a decent thrust off the lows and could be in play over the two-day high. This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221219GTLB.png\" alt=\"$gtlb daily\" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Watchlist &#8211;&nbsp;&nbsp;<\/strong>the setups listed here are not tracked<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Longs &#8211; watching $PODD $SLB $MEDP $FSLR $CELH $SNCI $PI $WING $BTU $AEHR<\/li>\n\n\n\n<li>Shorts &#8211; on a bounce $CRWD $CRWD $ZS $NET $CRM $MRVL $RBLX $MOS<\/li>\n<\/ul>\n\n\n\n \n\n\n\n\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/docs.google.com\/spreadsheets\/d\/1NqgrdjU9b5BoBV7j2BaIvp8y8P3VfAuUyywfm3Mcqxg\/edit?usp=sharing\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Click here to\u00a0view this week&#8217;s watchlist in google sheets<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$SLB closed out last week&#8217;s trading with a bullish reversal candle that could create a higher low. Not an official setup&#8230; just keeping an eye on the action for now.<\/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-16008","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\/16008","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=16008"}],"version-history":[{"count":2,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16008\/revisions"}],"predecessor-version":[{"id":16014,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16008\/revisions\/16014"}],"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=16008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}