{"id":16016,"date":"2022-12-16T06:48:00","date_gmt":"2022-12-16T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16016"},"modified":"2023-02-03T04:57:30","modified_gmt":"2023-02-03T09:57:30","slug":"swing-trading-stocks-121622","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-121622\/","title":{"rendered":"The Wagner Daily &#8211; $RBLX: A Potential Short Setup on the Horizon"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221216RBLX.png\" alt=\"$mos daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; December 16, 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\/221216list.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>Per intraday alert, sold the rest of $GFS at breakeven.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:&nbsp;<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Stocks followed through on Wednesday&#8217;s weakness with another day of ugly selling.&nbsp; &nbsp;All major indices ended with losses ranging from -2% to -3.5%.<\/p>\n\n\n\n<p>The S&amp;P 500 and S&amp;P 400 lost the 20-day EMA, forcing our timing model back on a sell signal.&nbsp; The Russell 2000 and Nasdaq 100 closed below the 50-day MA.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221216SPX3.png\" alt=\"$S&amp;P 500 daily\" title=\"\"><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221216QQQ.png\" alt=\"$QQQ daily\" title=\"\"><\/figure>\n\n\n\n<p>We noted in yesterday&#8217;s report that we were unable to increase our long exposure due to a lack of power during the most recent market rally.&nbsp; Because of this, were already holding a 96% cash position coming into Thursday, which helped us avoid any pain.&nbsp; We did sell the remaining portion of $GFS at breakeven, per intraday alert.&nbsp;&nbsp;<\/p>\n\n\n\n<p>With the odds now favoring further weakness, the short side is back on the table if\/when there is a bounce.&nbsp; New long exposure is off the table unless broad-based averages&nbsp;can reclaim major support levels within the next day or two.&nbsp;<\/p>\n\n\n\n<p>$MOS and $RBLX are a few short setups we are monitoring.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The setups below are not official.&nbsp;<\/p>\n\n\n\n<p>$MOS &#8211; a short-term bounce would be ideal to establish a short position.&nbsp;<img decoding=\"async\" alt=\"$mos daily\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221216MOS.png\" title=\"\">&nbsp;<\/p>\n\n\n\n<p>&nbsp;$RBLX &#8211; a day or two of tight-ranged chop from here would create a short setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221216RBLX.png\" alt=\"$mos 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; (none)<\/li>\n\n\n\n<li>Shorts &#8211; on a bounce $CRWD $CRWD $ZS $NET $CRM $MRVL $RBLX $MOS<\/li>\n<\/ul>\n\n\n\n \n\n\n\n\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/docs.google.com\/spreadsheets\/d\/1NqgrdjU9b5BoBV7j2BaIvp8y8P3VfAuUyywfm3Mcqxg\/edit?usp=sharing\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Click here to\u00a0view this week&#8217;s watchlist in google sheets<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$RBLX &#8211; a day or two of tight-ranged chop from here would create a short setup.<\/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-16016","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\/16016","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=16016"}],"version-history":[{"count":2,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16016\/revisions"}],"predecessor-version":[{"id":16022,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16016\/revisions\/16022"}],"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=16016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}