{"id":16982,"date":"2022-05-19T06:48:00","date_gmt":"2022-05-19T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16982"},"modified":"2023-02-09T19:49:06","modified_gmt":"2023-02-10T00:49:06","slug":"swing-trading-stocks-051922","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-051922\/","title":{"rendered":"The Wagner Daily &#8211; $DAL Stock: Navigating Resistance and Targeting $35"},"content":{"rendered":"\n<p><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220519DAL.png\" alt=\"$DAL daily \" title=\"\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; May 19, 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&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=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" title=\"\"><br \/><br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/open.png\" alt=\"$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\/220519closed.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>Bought and sold $AFRM for a small gain.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Stocks were run over by an 18-wheeler on Wednesday, as the indexes reversed lower from a short-term bounce and put in a trend day to the downside. The damage was a -4% down day in the S&amp;P 500 and Nasdaq Composite, with both indexes closing less than 2% off the prior low.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220519SPX.png\" alt=\"$SPX daily \" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Thursday.&nbsp; It&#8217;s tough to enter new shorts with the indexes so close to the&nbsp;swing low.<\/p>\n\n\n\n<p>We do have one unofficial setup that could be in play on the short side.&nbsp;&nbsp;<\/p>\n\n\n\n<p>$DAL bounced into resistance from the 20, 50, and 200-day MAs&nbsp;on Tuesday with a close below the 50-day MA the next day.&nbsp; &nbsp;A break of Wednesday&#8217;s low is the trigger with a target of the prior low around $35. This is not an official l setup.&nbsp;<img decoding=\"async\" alt=\"$DAL daily \" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220519DAL.png\" title=\"\"><\/p>\n\n\n\n<p>For now, cash is king as we wait for new setups to emerge.&nbsp; &nbsp;&nbsp;<\/p>\n\n\n\n<p>For those who are new to the service, our system is based on trading growth stocks that can explode higher in a short period of time&#8230;when conditions are ideal. For most of 2022, conditions have not been ideal, so we have been playing the short side when setups are there while waiting for a new buy signal. Below are a few things we are looking for in a buy signal.<\/p>\n\n\n\n<p>Keys to market turning bullish:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buy signal in the timing model, such as a FTD (follow through day) or reclaim of 21-day EMA<\/li>\n\n\n\n<li>Stocks begin to breakout on volume and hold&#8230; indexes hold the 21-day EMA<\/li>\n\n\n\n<li>Number of stocks making new 52-week highs vs 52-week lows enters into positive territory<\/li>\n\n\n\n<li>After first wave of breakouts, new setups emerge<\/li>\n<\/ul>\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; $DAL or $UAL,<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick<\/p>\n\n\n\n\n\n\n\n<p>This list is a good starting point for monitoring the health of the market for those who have limited time.<\/p>\n\n\n\n<p><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\">https:\/\/morpheustrading.com\/services\/swing-trade-alerts<\/a><\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$DAL bounced into resistance from the 20, 50, and 200-day MAs\u00a0on Tuesday with a close below the 50-day MA the next day.\u00a0 \u00a0A break of Wednesday&#8217;s low is the trigger with a target of the prior low around $35. This is not an official l setup.\u00a0<\/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-16982","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\/16982","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=16982"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16982\/revisions"}],"predecessor-version":[{"id":17008,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16982\/revisions\/17008"}],"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=16982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}