{"id":16120,"date":"2022-11-21T06:48:00","date_gmt":"2022-11-21T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16120"},"modified":"2023-02-03T06:05:45","modified_gmt":"2023-02-03T11:05:45","slug":"swing-trading-stocks-112122","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-112122\/","title":{"rendered":"The Wagner Daily &#8211; $TMDX: Bought on Pullback near 8-day EMA"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221121TMDX.png\" alt=\"$TMDX daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; November 21, 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; BUY&nbsp;&nbsp;(from 10\/21\/22 follow-through day buy signal)<\/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\/221121list.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>ARRY buy stop triggered.<\/li>\n\n\n\n<li>Per intraday alert, bought $TMDX.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>S&amp;P Midcap 400 futures chart is holding on to the rising 8-day ema with support from the 200-day MA and 20-day ema just below.&nbsp; &nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221121SP400.png\" alt=\"$s&amp;p 400 daily\" title=\"\"><\/figure>\n\n\n\n<p>This is a holiday-shortened week of trading.&nbsp; &nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>US markets closed on Thursday, November 24.<\/li>\n\n\n\n<li>Early closet at 1 pm ET on&nbsp;Friday, November 25.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>The Wagner daily will not be published on Thursday.&nbsp; We are back on Friday with an abbreviated version of the report.&nbsp; The live trading room will be open on Friday from 9am to 1pm ET.&nbsp;<\/p>\n\n\n\n<p>$ARRY and $TMDX were added to the model portfolio last Friday.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The $ARRY buy stop triggered our entry on Friday&#8217;s open.&nbsp; We were not looking to enter on a&nbsp;&nbsp;gap up, but that is beyond our control with this report.&nbsp; &nbsp;If monitoring the action on the open, one could hold off on entering and wait to see if support comes in near the prior day&#8217;s high.&nbsp; At the very least, wait for the&nbsp;price to stabilize intraday.&nbsp;&nbsp;<\/p>\n\n\n\n<p>We have a 1\/3 position and will look to add if conditions improve.&nbsp; The one negative with $ARRY&#8217;s base is that it&#8217;s 42% deep, which is a bit deeper than we prefer.&nbsp; However, it is a volatile stock.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221121ARRY.png\" alt=\"$ARRY daily\" title=\"\"><\/figure>\n\n\n\n<p>Per intraday alert, we bought $TMDX on a pullback near the 8-day EMA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221121TMDX.png\" alt=\"$TMDX daily\" title=\"\"><\/figure>\n\n\n\n<p>We continue to monitor $GFS for a pullback entry off the rising 20-day EMA (not an official setup yet).&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221121GFS.png\" alt=\"$GFS daily\" title=\"\"><\/figure>\n\n\n\n<p>Note that we canceled the $MEDP setup as it&#8217;s not on today&#8217;s watchlist. The pullback setup is still valid off the 20-day EMA (if it gets there), with a stop 5% below the 20-day EMA.<\/p>\n\n\n\n<p>Most of the setups we are seeing right now are in midcap names, which makes sense as the S&amp;P 400 is leading the market higher.&nbsp; New leadership is emerging and our plan as always is to go with the flow.<\/p>\n\n\n\n<p>We&#8217;d like to see current positions push higher before adding more exposure.<\/p>\n\n\n\n<p>Anywhere from 20-50% long exposure is ok right now. Add more as conditions improve.&nbsp;<\/p>\n\n\n\n<p><strong>Unofficial Watchlist<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Longs &#8211; $PRCT (on strength) &#8211; watching $CELH $GFS $ANET $WING $MEDP $SHLS for pullback entries.<\/li>\n\n\n\n<li>Shorts &#8211;&nbsp;<\/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>Per intraday alert, we bought $TMDX on a pullback near the 8-day EMA.<\/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-16120","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\/16120","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=16120"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16120\/revisions"}],"predecessor-version":[{"id":16124,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16120\/revisions\/16124"}],"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=16120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}