{"id":16422,"date":"2022-09-15T06:48:00","date_gmt":"2022-09-15T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16422"},"modified":"2023-02-06T23:40:46","modified_gmt":"2023-02-07T04:40:46","slug":"swing-trading-stocks-091522","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-091522\/","title":{"rendered":"The Wagner Daily &#8211; $SWAV: A Play for Aggressive Traders Above Wednesday&#8217;s High"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220915SWAV.png\" alt=\"SWAV daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; September 15, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; SELL (markets back below 20 &amp; 50-day MAs &nbsp;&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220915list.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.<\/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>Broad market averages undercut the prior day&#8217;s low and reversed higher on Wednesday. If there is any follow-through to the upside, look for resistance in the 4,000 to 4,060 area from the 20ema, 50ma, and the midpoint of Tuesday&#8217;s ugly red candle in the S&amp;P 500 futures.<\/p>\n\n\n\n<p>Daily chart of S&amp;P 500 E-mini Futures:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220915ES.png\" alt=\"sp 500 futures daily\" title=\"\"><\/figure>\n\n\n\n<p>In Wednesday&#8217;s report, we mentioned that growth (from our watchlist) held up well on Tuesday, which was a surprise. High beta growth stocks can drop 2-3x the market when conditions turn ugly, so for stocks like $SWAV, $CELH, and $ENPH to close 1% lower or slightly positive on the day is a sign of great relative strength.<\/p>\n\n\n\n<p>That being said, Tuesday&#8217;s plunge was as ugly as it gets, so we want to avoid putting new money to work unless we see ideal, low-risk buy points emerge.<\/p>\n\n\n\n<p>$ENPH set a new all-time closing high on volume. If\/when market conditions improve, this stock should be one of the first to explode higher.<br \/><img decoding=\"async\" alt=\"ENPH daily\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220915ENPH.png\" title=\"\"><\/p>\n\n\n\n<p>$SWAV could be in play for very aggressive traders only above Wednesday&#8217;s high which would clear the short-term downtrend line. Officially, we are waiting for a pullback to the 10-week ma to buy. That buy could be in a few days or a few weeks.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220915SWAV.png\" alt=\"SWAV daily\" title=\"\"><\/figure>\n\n\n\n<p>$WOLF has also held up really well but is a bit too extended from the 20ema for a low-risk entry at this time. Note the RS line breaking out to new highs ahead of price.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220915WOLF.png\" alt=\"WOLF daily\" title=\"\"><\/figure>\n\n\n\n<p>There are no new setups for Thursday. Growth appears to be turning the corner but market conditions are far from ideal right now.<\/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; $SWAV over Wednesday&#8217;s high or on pullback to 10-week ma&nbsp;<\/li>\n\n\n\n<li>Shorts &#8211; none<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$SWAV could be in play for very aggressive traders only above Wednesday&#8217;s high which would clear the short-term downtrend line. Officially, we are waiting for a pullback to the 10-week ma to buy. That buy could be in a few days or a few weeks.<\/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-16422","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\/16422","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=16422"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16422\/revisions"}],"predecessor-version":[{"id":16426,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16422\/revisions\/16426"}],"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=16422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}