{"id":16144,"date":"2022-11-15T06:48:00","date_gmt":"2022-11-15T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16144"},"modified":"2023-02-03T06:37:02","modified_gmt":"2023-02-03T11:37:02","slug":"swing-trading-stocks-111522","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-111522\/","title":{"rendered":"The Wagner Daily &#8211; $LTHM: Stopped Out at Break-Even, Monitoring for Pullback Entry"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221115LTHM.png\" alt=\"$LTHM daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; November 15, 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\/221115list2.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, bought $IWM.&nbsp;&nbsp;<\/li>\n\n\n\n<li>Breakeven stop triggered in $LTHM.&nbsp;<\/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>Stocks sold off into the close on Monday ahead of Tuesday morning&#8217;s PPI report.<\/p>\n\n\n\n<p>Our game plan is to continue to put money to work based on last Thursday&#8217;s bullish action in the broad-based averages (as long as last Thursday&#8217;s lows hold).<\/p>\n\n\n\n<p>Per intraday alert, we added some long exposure with a 7% buy in the Russell 2000 ETF $IWM.&nbsp; We may have to sit through a pullback, but we are looking for the price to hold the rising 8-day EMA.&nbsp; Our stop is below the 20-day EMA to give some wiggle room.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221115IWM.png\" alt=\"$s&amp;p 400  daily\" title=\"\"><\/figure>\n\n\n\n<p>There is one new official setup for Tuesday and that is a <strong>buy limit order<\/strong> to enter $SMCI on weakness near the rising 8-day EMA.&nbsp; This entry is based on the first touch of the 8-day EMA following a big volume breakaway gap to new highs.&nbsp; Note the strong revenues on the bottom left side of the chart.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221115SMCI.png\" alt=\"$smci daily\" title=\"\"><\/figure>\n\n\n\n<p>Per intraday alert, stopped out of $LTHM at just above break-even.&nbsp; The sharp reversal last Friday did not give us much of a chance to sell some shares into strength.&nbsp; We will continue to monitor the action for a potential pullback entry off the 20 &amp; 50-day MAs.&nbsp; This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221115LTHM.png\" alt=\"$LTHM daily\" title=\"\"><\/figure>\n\n\n\n<p>$GFS could be in play over the two-day high for a quick pop based on Monday&#8217;s tight-ranged inside day.&nbsp; Many stocks have failed at obvious breakout points, so we are monitoring the action for a pullback entry later this week or next.&nbsp;&nbsp;<\/p>\n\n\n\n<p>This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221115GFS.png\" alt=\"$GFS daily\" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Watchlist<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Longs &#8211;&nbsp; Watching $MEDP $SMCI $ENPH $TMDX $PODD $ALB (pullback) $LTHM $PI&nbsp;<\/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, stopped out of $LTHM at just above break-even.\u00a0 The sharp reversal last Friday did not give us much of a chance to sell some shares into strength.\u00a0 We will continue to monitor the action for a potential pullback entry off the 20 &#038; 50-day MAs.\u00a0 This is not an official 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-16144","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\/16144","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=16144"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16144\/revisions"}],"predecessor-version":[{"id":16148,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16144\/revisions\/16148"}],"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=16144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}