{"id":16428,"date":"2022-09-14T06:48:00","date_gmt":"2022-09-14T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16428"},"modified":"2023-02-06T23:49:34","modified_gmt":"2023-02-07T04:49:34","slug":"swing-trading-stocks-091422","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-091422\/","title":{"rendered":"The Wagner Daily &#8211; Long $ENPH with Split Stops: Can it Hold?"},"content":{"rendered":"\n<p><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220914ENPH.png\" alt=\"ENPH daily\" title=\"\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; September 14, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; SELL (markets back below 20 &amp; 50-day MAs &nbsp;&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220914list.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>Per intraday alert, sold $WOLF at breakeven due to market conditions.&nbsp; If we had more of a profit buffer we would have held.&nbsp;&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 were crushed in reaction to higher-than-expected inflation numbers from Tuesday&#8217;s CPI report.&nbsp;&nbsp;<\/p>\n\n\n\n<p>One day of selling erased nearly four days of gains with the S&amp;P 500 and Nasdaq Composite down -4.3% and -5.2% respectively.&nbsp; Both indices sliced through the 20 and 50-day moving averages, forcing the timing model back into sell mode.<\/p>\n\n\n\n<p>Anything can happen, but the odds favor more downside in the short term.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220914SPX.png\" alt=\"SP-500 daily\" title=\"\"><\/figure>\n\n\n\n<p>A handful of growth stocks held up extremely well, which was a positive.&nbsp; However, if market conditions continue to weaken, these stocks will have a tough time just holding on to support.&nbsp; Not exactly the type of environment we want to have much exposure in.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Per intraday alert, we sold $WOLF just above break-even.&nbsp; We didn&#8217;t have enough of a profit buffer to hold in this type of market.&nbsp;&nbsp;<\/p>\n\n\n\n<p>We remain long $ENPH with split stops to reduce risk.&nbsp; $ENPH showed a ton of relative strength holding above the 20ema and $300 level.&nbsp; Can it hold up through the end of the week?<br \/><img decoding=\"async\" alt=\"ENPH daily\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220914ENPH.png\" title=\"\"><\/p>\n\n\n\n<p>$SWAV Daily &#8211;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220914SWAV.png\" alt=\"SWAV daily\" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio was able to sidestep most of the damage, as we were only 13% invested coming into today&#8217;s session with two longs.&nbsp; &nbsp;<\/p>\n\n\n\n<p>There are no new setups for Wednesday as our focus is on managing $ENPH.&nbsp;<\/p>\n\n\n\n<p>&nbsp;A few stocks\/ETFs that held up well: $SWAV $ENPH $JKS $LPLA $HOLI $WOLF&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Longs &#8211; $SWAV &#8211; 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>We remain long $ENPH with split stops to reduce risk.\u00a0 $ENPH showed a ton of relative strength holding above the 20ema and $300 level.\u00a0 Can it hold up through the end of the week?<\/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-16428","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\/16428","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=16428"}],"version-history":[{"count":2,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16428\/revisions"}],"predecessor-version":[{"id":16438,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16428\/revisions\/16438"}],"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=16428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}