{"id":16748,"date":"2022-07-15T06:48:00","date_gmt":"2022-07-15T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16748"},"modified":"2023-02-09T01:08:28","modified_gmt":"2023-02-09T06:08:28","slug":"swing-trading-stocks-071522","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-071522\/","title":{"rendered":"The Wagner Daily &#8211; Adjusting Portfolio: Sold $HRMY, $XBI, &#038; $LNTH, Re-Entered $LNTH"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220715LNTH.png\" alt=\"$LNTH daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; July 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><em>The Wagner Daily &#8211; July 15, 2022<br \/>Proven swing trading strategy, top ETF &amp; stock picks, and market timing model&#8230;since 2002<\/em><\/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; &#8211;&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 (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" title=\"\"><br \/><br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220715open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220715closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Per intraday alert, sold $XBI, $HRMY, and 1\/2 of $LNTH to reduce risk.<\/li>\n\n\n\n<li>Per intraday alert, re-entered $LNTH over the prior day&#8217;s high<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>For the second day in a row, buyers stepped in on early weakness and pushed the indices higher the rest of the day.&nbsp;&nbsp;&nbsp;The Nasdaq closed in positive territory despite being down 2% and undercutting the prior day&#8217;s low during the first hour of trading.&nbsp; Although THE Nasdaq hasn&#8217;t made any progress in the last two days, it continues to defend the 11,000 level.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220715IXIC.png\" alt=\"$Nasdaq  \" title=\"\"><\/figure>\n\n\n\n<p>Growth ETF $ARKK is finding support at the 20 and 50-day MAs and may be in play on a break of Thursday&#8217;s high.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220715ARKK.png\" alt=\"$ARKK\" title=\"\"><\/figure>\n\n\n\n<p>With the Nasdaq getting hit hard during the first 15 minutes of trading, we took profits in $XBI and sold all of $HRMY and half of $LNTH to reduce risk (both small losses).&nbsp;&nbsp; The market recovered, which is fine as we can re-enter positions as they show strength or put money to work in other setups.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Per intraday alert, we added back the shares of $LNTH we sold when it cleared the prior day&#8217;s high and $68 pivot.&nbsp; &nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220715LNTH.png\" alt=\"$LNTH daily\" title=\"\"><\/figure>\n\n\n\n<p>$SWAV is not an official setup but is one to watch for further strength above $200 and $208.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220715SWAV.png\" alt=\"$SWAV\" title=\"\"><\/figure>\n\n\n\n<p>$FNKO is not an official setup but could be in play over the high of Thursday&#8217;s tight-ranged session off the 20-day EMA.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220715FNKO.png\" alt=\"$FNKO\" title=\"\"><\/figure>\n\n\n\n<p>During the beginning of a new rally attempt, our focus is usually on stocks that have a 3-month relative strength rating of 90 or higher.&nbsp; The ratings are from marketsmith but can be run in TC2000 with the formula below (results are close but not the same).<\/p>\n\n\n\n<p>((((C &#8211; C11) \/ c11) * .4) + (((C &#8211; C21) \/ C21) * .2) + (((C &#8211; C42) \/ c41) * .2) + (((C &#8211; C63) \/ C63) * .2)) * 100<\/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; see charts above plus $TMDX&nbsp; $BYND $AXNX $UTHR $LRN $LI&nbsp;<\/li>\n\n\n\n<li>&nbsp;Shorts &#8211;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>For those who would like to upgrade to the&nbsp;live trading room, please log into the members area of our site at \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>With the Nasdaq getting hit hard during the first 15 minutes of trading, we took profits in $XBI and sold all of $HRMY and half of $LNTH to reduce risk (both small losses).\u00a0\u00a0 The market recovered, which is fine as we can re-enter positions as they show strength or put money to work in other setups.\u00a0\u00a0<\/p>\n<p>Per intraday alert, we added back the shares of $LNTH we sold when it cleared the prior day&#8217;s high and $68 pivot.<\/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-16748","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\/16748","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=16748"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16748\/revisions"}],"predecessor-version":[{"id":16752,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16748\/revisions\/16752"}],"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=16748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}