{"id":16628,"date":"2022-08-10T06:48:00","date_gmt":"2022-08-10T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16628"},"modified":"2023-02-08T04:59:54","modified_gmt":"2023-02-08T09:59:54","slug":"swing-trading-stocks-081022","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-081022\/","title":{"rendered":"The Wagner Daily &#8211; $SWAV Soars 17% on Earnings: Buy Signal Ahead"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220810SWAV.png\" alt=\"SWAV daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; August 10, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; BUY&nbsp; &nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220810list.png\" title=\"\"><br \/><br \/><a><strong><em>position notes:<\/em><\/strong><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Raised the stop in $GWW, looking for higher lows to hold on the hourly chart.<\/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>Nasdaq 100 futures contract is holding on to the 10-day EMA heading into Wednesday&#8217;s big CPI report due at 8:30 am EST.<\/p>\n\n\n\n<p>Depending on how stocks react to the news, we may see a resumption of the current uptrend or a deeper pullback (maybe test of the 20-day EMA). No predictions here.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220810NQ.png\" alt=\"Nasdaq 100daily\" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio remains long $GWW, $PWR, and $EVH.<\/p>\n\n\n\n<p>There isn&#8217;t a lot out there in terms of actionable buy setups in growth, which has been the case for a while. A few weeks of chop at some point would be ideal to produce lower-risk buy points in our universe of stocks.<\/p>\n\n\n\n<p>$SWAV gapped open and set a new all-time high in reaction to earnings. The 17% move on 2.9x greater than average volume is an intermediate-term buy signal that should lead to higher prices over the next few months. In the short term, we are looking for a brief pause or a pullback to the 10-day EMA as an entry.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220810SWAV.png\" alt=\"SWAV daily\" title=\"\"><\/figure>\n\n\n\n<p>$AGL has put in a few big reversal candles off the $24 area and has held the 20-day EMA since reclaiming the 50-day MA in June. Pullback entries are potentially in play on a test of the 20-day EMA while waiting for the break of the downtrend line to add to the position. 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\/220810AGL.png\" alt=\"AGL daily\" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Wednesday&#8217;s session. Please see the unofficial watchlist below for ideas.<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Longs &#8211; $CRDO &#8211; over yesterday&#8217;s high, $VRRM &#8211; small buys near 50ma w\/ add on breakout, $AGL &#8211; small buys near 20ema, add on strength over downtrend line<\/li>\n\n\n\n<li>\u00a0Shorts &#8211;\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p>See you in the chatroom,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n<p>This list is a good starting point for monitoring the health of the market for those who have limited time.<\/p>\n\n\n\n<p><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\">https:\/\/morpheustrading.com\/services\/swing-trade-alerts<\/a><\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$SWAV gapped open and set a new all-time high in reaction to earnings. The 17% move on 2.9x greater than average volume is an intermediate-term buy signal that should lead to higher prices over the next few months. In the short term, we are looking for a brief pause or a pullback to the 10-day EMA as an entry.<\/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-16628","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\/16628","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=16628"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16628\/revisions"}],"predecessor-version":[{"id":16632,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16628\/revisions\/16632"}],"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=16628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}