{"id":16330,"date":"2022-10-04T06:48:00","date_gmt":"2022-10-04T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16330"},"modified":"2023-02-06T03:29:49","modified_gmt":"2023-02-06T08:29:49","slug":"swing-trading-stocks-100422","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-100422\/","title":{"rendered":"The Wagner Daily &#8211; $SWAV: Must-Own with Market Improve"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221004SWAV.png\" alt=\"$SWAV daily \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 4, 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&nbsp;&nbsp;<\/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=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220926LIST.png\" title=\"\">Add<br \/><br \/><a><strong><em>position notes:<\/em><\/strong><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>no trades triggered<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>With Monday&#8217;s bullish reversal action, the S&amp;P 500 is in &#8220;undercut and rally&#8221; mode &#8211; if Monday&#8217;s reversal low holds.&nbsp; An undercut and a rally occurs when the price falls below an obvious low but returns above it within a few days.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221004SPX.png\" alt=\"s&amp;p 500  daily \" title=\"\"><\/figure>\n\n\n\n<p>No undercut in the Nasdaq Composite, but a downtrend line break could lead to a test of the 20-day ema.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221004COMPX.png\" alt=\"$NASDAQ COMP daily \" title=\"\"><\/figure>\n\n\n\n<p>Monday was day one of a new rally attempt. Our timing model generates a buy signal in one of two ways: a follow-through day (1.5% gain on higher volume) or recapture of the 20-day ema, whichever comes first (in the S&amp;P 500 or Nasdaq Comp.)<\/p>\n\n\n\n<p>Despite the weakness in the market, we are still monitoring roughly 20-30 stocks that have held up extremely well over the past few months.&nbsp;&nbsp;<\/p>\n\n\n\n<p>$PCTY continues to impress after Monday&#8217;s bullish reversal above the 50-day ma (blue line).&nbsp; &nbsp;A move through Monday&#8217;s high could serve as an entry for a small 1\/4 position with a stop beneath Monday&#8217;s low.&nbsp; Watch for a potential false trigger if there is a morning gap up and look to enter on weakness.&nbsp; This is not an official setup.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221004PCTY.png\" alt=\"$PCTY daily \" title=\"\"><\/figure>\n\n\n\n<p>$SWAV is still a must-own for us if\/when market conditions improve. The price action reclaimed the 50-day MA last week and has held up so far. The downtrend line remains in control.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/221004SWAV.png\" alt=\"$SWAV daily \" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Tuesday&#8217;s session.&nbsp; Additional stocks to monitor on the long side: $ENPH $CELH $LPLA $TTD $DV $WOLF $AGL $WSC&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong>&nbsp;&#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Longs &#8211; $PCTY&nbsp;<\/li>\n\n\n\n<li>Shorts &#8211;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$SWAV is still a must-own for us if\/when market conditions improve. The price action reclaimed the 50-day MA last week and has held up so far. The downtrend line remains in control.<\/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-16330","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\/16330","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=16330"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16330\/revisions"}],"predecessor-version":[{"id":16334,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16330\/revisions\/16334"}],"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=16330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}