{"id":16860,"date":"2022-06-21T06:48:00","date_gmt":"2022-06-21T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16860"},"modified":"2023-02-09T04:02:04","modified_gmt":"2023-02-09T09:02:04","slug":"swing-trading-stocks-062122","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-062122\/","title":{"rendered":"The Wagner Daily &#8211; TWTR Stock: Watch for Breakout"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220621TWTR.png\" alt=\"$TWTR  daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; June 21, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; &nbsp;SELL&nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$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\/220621open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2020\/closed.png\" alt=\"$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 short $NVDA looking for a range break.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Stocks pushed higher in reaction to last Thursday&#8217;s bearish gap down that set a new swing low in the Nasdaq Composite and S&amp;P 500.<\/p>\n\n\n\n<p>The Nasdaq Composite gained +1.4% and closed near Thursday&#8217;s high. If the price can punch through Friday&#8217;s high and hold the downtrend line, then the index may see higher prices in the short term.<\/p>\n\n\n\n<p>There is clear resistance above 11,000.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220621IXIC.png\" alt=\"$NASDAQ COMP daily \" title=\"\"><\/figure>\n\n\n\n<p>The S&amp;P 500 was much weaker than the Nasdaq, as it closed in the bottom half of Thursday&#8217;s range and only gained +0.2%. The S&amp;P 500 is further away from the downtrend line connecting prior swing lows with heavy resistance above 3,800.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220621SPX.png\" alt=\"$s&amp;p 500 daily \" title=\"\"><\/figure>\n\n\n\n<p>The daily charts of the Nasdaq and S&amp;P 500 are a bit stretched from the 20-day EMA and may be due for a bounce. If the market wants higher in the short term, then we&#8217;d expect any bounce to be short-lived and eventually give way to more selling. This is not a prediction, as we know that conditions can change quickly.<\/p>\n\n\n\n<p>Per intraday alert, we sold short $NVDA on a third break of the range low. The action did not go as planned, as the price recovered with a bullish outside day. An outside bar occurs when the current bar takes out the prior bar&#8217;s high and low. If Friday&#8217;s high is taken out first, then expect higher prices in the short term. If Friday&#8217;s low is first, then a resumption of selling.<\/p>\n\n\n\n<p>Our stop is just above $161.00.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220621NVDA.png\" alt=\"$NVDA daily \" title=\"\"><\/figure>\n\n\n\n<p>Depending on Tuesday&#8217;s action, the following setups may or may not be in play unofficially.<\/p>\n\n\n\n<p>$TSLA is in play on the short side beneath the low of Friday&#8217;s tight-ranged session with a stop above the same day&#8217;s high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220621TSLA.png\" alt=\"$TSLA daily \" title=\"\"><\/figure>\n\n\n\n<p>$TWTR is another example of a tight-ranged session that could be in play beneath Friday&#8217;s low or the two-day low with a stop above Friday&#8217;s high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220621TWTR.png\" alt=\"$TWTR  daily\" title=\"\"><\/figure>\n\n\n\n<p>$CRWD is potentially in play on the short side looking for the 20-day EMA to hold up as resistance. The entry would depend on Tuesday&#8217;s open, especially if a higher open fails, as that could lead to a lower-risk entry point beneath the opening 30-minute range low.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220621CRWD.png\" alt=\"$CRWD daily\" title=\"\"><\/figure>\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; none<\/li>\n\n\n\n<li>\u00a0Shorts &#8211; in addition to the charts above, $MSTR and $NFLX are in play below Friday&#8217;s low.<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n<p>This list is a good starting point for monitoring the health of the market for those who have limited time.<\/p>\n\n\n\n<p><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\">https:\/\/morpheustrading.com\/services\/swing-trade-alerts<\/a><\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$TWTR is another example of a tight-ranged session that could be in play beneath Friday&#8217;s low or the two-day low with a stop above Friday&#8217;s high.<\/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-16860","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\/16860","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=16860"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16860\/revisions"}],"predecessor-version":[{"id":16864,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16860\/revisions\/16864"}],"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=16860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}