{"id":16196,"date":"2022-11-03T06:48:00","date_gmt":"2022-11-03T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16196"},"modified":"2023-02-03T07:13:18","modified_gmt":"2023-02-03T12:13:18","slug":"swing-trading-stocks-110322","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-110322\/","title":{"rendered":"The Wagner Daily &#8211; Optimizing $PI Stops for Higher Profits"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221103PI.png\" alt=\"PI daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; November 3, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><em>The Wagner Daily &#8211; November 3, 2022<br \/>&nbsp;<\/em>Proven swing trading strategy, top ETF &amp; stock picks, and market timing model&#8230;since 2002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; BUY&nbsp;&nbsp;(from 10\/21\/22 follow-through day buy signal)<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221103list.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>Stopped out of $WING and $SSO.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Stocks tanked during the last 90 minutes of trading Wednesday following comments by Fed Chairman Jerome Powell, who stated, &#8220;It&#8217;s very premature, in my view, to think about or to be talking about pausing our rate hikes; we have a ways to go.&#8221;<\/p>\n\n\n\n<p>The selling did quite a bit of technical damage to the daily chart of the Nasdaq Composite, with a close below the&nbsp;20-day EMA and below the follow-through day low of 10\/21.&nbsp; &nbsp;The Nasdaq is back on a sell signal.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221103COMP.png\" alt=\"$Nasdaq comp daily\" title=\"\"><\/figure>\n\n\n\n<p>The S&amp;P 500, while in better shape, still lost the 20-day EMA on a closing basis and is on stand-by for a sell signal if it can&#8217;t recapture the 20-day EMA within the next few days.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221103SPX.png\" alt=\"$S&amp;P 500 \" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio is down to 8% long exposure after stopping out of $SSO for a small gain and $WING for a 7% loss.<\/p>\n\n\n\n<p>Note that we plan on exiting $OXY &#8220;at the market&#8221; on the open. If one is unable to place such an order then set a stop 10 cents below Wednesday&#8217;s low.<\/p>\n\n\n\n<p>Note the new stops in $PI. We raised the stop on half of the position to 110 while lowering the other half from 106 to 104 to allow some breathing room for the 8-day EMA. The split stops do not increase the risk (still around 5.5%).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221103PI.png\" alt=\"PI daily\" title=\"\"><\/figure>\n\n\n\n<p>Still watching $ENPH after this week&#8217;s failed downtrend line break. Look for the price to find support around the 50 and 20-day MAs. Just monitoring 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\/221103ENPH.png\" alt=\"ENPH daily\" title=\"\"><\/figure>\n\n\n\n<p>&nbsp;There are no new trades for Thursday.&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; (none)<\/li>\n\n\n\n<li>Shorts &#8211; (none)<\/li>\n<\/ul>\n\n\n\n \n\n\n\n\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n\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>Note the new stops in $PI. We raised the stop on half of the position to 110 while lowering the other half from 106 to 104 to allow some breathing room for the 8-day EMA. The split stops do not increase the risk (still around 5.5%).<\/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-16196","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\/16196","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=16196"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16196\/revisions"}],"predecessor-version":[{"id":16200,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16196\/revisions\/16200"}],"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=16196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}