{"id":18158,"date":"2021-09-23T06:48:00","date_gmt":"2021-09-23T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18158"},"modified":"2023-02-21T01:08:41","modified_gmt":"2023-02-21T06:08:41","slug":"swing-trading-stocks-092321","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-092321\/","title":{"rendered":"The Wagner Daily &#8211; Intraday Buy Alert: $SNAP and $PLTR Watchlist"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210923PLTR.png\" alt=\"$PLTR daily  \" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211;  September 23, 2021<\/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; sell (buy improving)&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 id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210923open2.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210923open.png\" alt=\"$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=\"http:\/\/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, bought $SNAP.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Broad market averages rallied on higher volume in reaction to Wednesday&#8217;s Fed meeting.<\/p>\n\n\n\n<p>The Nasdaq Composite reclaimed the 50-day on a pick-up in volume but still has some work to do in order to trigger a buy signal. In order to trigger a buy signal, we must see a Follow Through Day (FTD) or the price reclaim the 20-day EMA on a closing basis, with the 10 and 20-day EMAs turning up.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210923COMP.png\" alt=\"$Nasdaq daily\" title=\"\"><\/figure>\n\n\n\n<p>Growth continues to outperform, with IBD 50 ETF $FFTY and Midcap Growth ETF $IWP already above the 20-day EMA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210923IWP.png\" alt=\"$IWP daily\" title=\"\"><\/figure>\n\n\n\n<p>Per intraday alert, we bought a half position in $SNAP over resistance in the $77-78 area. The $SNAP setup was discussed in last night&#8217;s report. Note that we have a 3% add in place over the base high.<\/p>\n\n\n\n<p>There are a few new setups on the watchlist due to Wednesday&#8217;s strength.<\/p>\n\n\n\n<p>As mentioned above, we are adding to $SNAP over the base high.<\/p>\n\n\n\n<p>$PLTR moved off support from the 20-day EMA on Wednesday. We have a buy stop to enter over Wednesday&#8217;s close looking for the price to work its way higher during the next few weeks.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210923PLTR.png\" alt=\"$PLTR daily  \" title=\"\"><\/figure>\n\n\n\n<p>$ZI set a new closing high on a pick up in volume.&nbsp; We have two buy orders in place.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The buy limit is an entry on weakness off support of the 20-period EMA. on the hourly chart.<\/li>\n\n\n\n<li>The buy stop is over Wednesday&#8217;s high.<\/li>\n<\/ul>\n\n\n\n<p>Whichever setup triggers first is the one we will take.&nbsp;The other is to be canceled right away.<img decoding=\"async\" alt=\"$ZI daily  \" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210923ZI.png\" title=\"\"><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210923ZI2.png\" alt=\"$ZI HOURLY  \" 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>$SMTC &#8211; buy at 81.56 or pullback to\/near $80 on the open &#8211; breakout entry<\/li>\n\n\n\n<li>$MNDY &#8211; buy at 380.00 &#8211; downtrend line break<\/li>\n\n\n\n<li>$DLO &#8211; buy at 64.43 &#8211; reclaim 20ema<\/li>\n\n\n\n<li>$ZIM &#8211; buy at 55.80 &#8211; reversal candle to reclaim 20ema<\/li>\n\n\n\n<li>$GLBE &#8211; tight inside day, buy over Wednesday&#8217;s high<\/li>\n\n\n\n<li>\u00a0Do not buy all setups listed.\u00a0 Take a few positions and see how they go.\u00a0 If they work, add more exposure, if not, then back off.\u00a0\u00a0<\/li>\n<\/ul>\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>Per intraday alert, we bought a half position in $SNAP over resistance in the $77-78 area. The $SNAP setup was discussed in last night&#8217;s report. Note that we have a 3% add in place over the base high.<\/p>\n<p>There are a few new setups on the watchlist due to Wednesday&#8217;s strength.<\/p>\n<p>As mentioned above, we are adding to $SNAP over the base high.<\/p>\n<p>$PLTR moved off support from the 20-day EMA on Wednesday. We have a buy stop to enter over Wednesday&#8217;s close looking for the price to work its way higher during the next few weeks.<\/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-18158","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\/18158","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=18158"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18158\/revisions"}],"predecessor-version":[{"id":18162,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18158\/revisions\/18162"}],"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=18158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}