{"id":639,"date":"2012-03-12T08:46:21","date_gmt":"2012-03-12T12:46:21","guid":{"rendered":"http:\/\/morpheustrading.wordpress.com\/?p=639"},"modified":"2022-04-06T15:07:33","modified_gmt":"2022-04-06T19:07:33","slug":"wagner-daily-lite-for-march-12-2012-potential-buy-entry-in-vietnam-etf-vnm","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/wagner-daily-lite-for-march-12-2012-potential-buy-entry-in-vietnam-etf-vnm\/","title":{"rendered":"Wagner Daily Lite for March 12, 2012 \u2013 Potential buy entry in Vietnam ETF ($VNM)"},"content":{"rendered":"<p><span style=\"font-family:Arial, 'MS Sans Serif', Verdana, 'Times New Roman';\">Equities closed higher for a third consecutive day but on light trade. The small-cap Russell 2000 matched Thursday&#8217;s performance, as it once again tacked on 1.3%. The S&amp;P MidCap 400 posted a solid 0.9% gain, while the Nasdaq added 0.6%. Big cap stocks lagged on the day, as the S&amp;P 500 and Dow Jones Industrial Average could only muster small 0.4% and 0.1% advances, respectively. Only a few sectors finished in the red on the day including, non-ferrous metals, railroads and internet services. Winners included the homebuilder, communications and transportation sectors.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family:Arial, 'MS Sans Serif', Verdana, 'Times New Roman';\">Internals ended mixed for a second consecutive day. Turnover ended fractionally lower on the Nasdaq but 1.5% lower on the Big Board. However, advancing volume outperformed declining volume by a ratio of 2.5 to 1 on the NYSE and 2.1 to 1 on the Nasdaq. Friday&#8217;s light volume points to a lack of institutional participation on the day.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family:Arial, 'MS Sans Serif', Verdana, 'Times New Roman';\">Since setting a new swing high on March 5th, the Market Vectors Vietnam ETF (VNM) has pulled back and been consolidating at its 10-day EMA. We often look to the 10-day MA as a key support level when an ETF is in a strong uptrend. A volume assisted move back above the four day high of $20.21 could present a buying opportunity in this ETF.<br \/>\n<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/charts\/2011\/120312VNM.gif\" alt=\"\" border=\"0\" title=\"\"><\/p>\n<p><span style=\"font-family:Arial, 'MS Sans Serif', Verdana, 'Times New Roman';\">Since January 13th of this year, the ProShares UltraShort Eruo (EUO) has been in a distinct downtrend. However, over the past four sessions, EUO has Rallied and closed above the downtrend line on two separate occasions. The next resistance level for EUO is near $20.00. If EUO can rally back up to and consolidate near this key mark, it could become a long candidate. We are monitoring EUO carefully for a possible entry. <\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/charts\/2011\/120312EUO.gif\" alt=\"\" border=\"0\" title=\"\"><\/p>\n<p><span style=\"font-family:Arial, 'MS Sans Serif', Verdana, 'Times New Roman';\"><em>The commentary above is an excerpt from our nightly Wagner Daily newsletter. Subscribing members receive detailed entry and exit prices for our swing trade setups,\u00a0<\/em><em>additional annotated ETF and stock charts,\u00a0<\/em>technical market commentary, and access to our Live Trading Room.\u00a0<strong><a title=\"Become a subscriber\" href=\"https:\/\/morpheustrading.com\/services\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to become a member for as low as $58 per month.<\/strong>\u00a0Your full satisfaction is guaranteed.<br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equities closed higher for a third consecutive day but on light trade. The small-cap Russell 2000 matched Thursday&#8217;s performance, as it once again tacked on 1.3%. The S&amp;P MidCap 400 posted a solid 0.9% gain, while the Nasdaq added 0.6%. Big cap stocks lagged on the day, as the S&amp;P 500 and Dow Jones Industrial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":["post-639","post","type-post","status-publish","format-standard","hentry","category-stock-trading-strategy"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/639","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=639"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/639\/revisions"}],"predecessor-version":[{"id":11814,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/639\/revisions\/11814"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}