{"id":12332,"date":"2022-04-13T07:48:00","date_gmt":"2022-04-13T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=12332"},"modified":"2022-04-27T02:28:10","modified_gmt":"2022-04-27T06:28:10","slug":"swing-trading-stocks-04-13-22","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-04-13-22\/","title":{"rendered":"The Wagner Daily &#8211; Market Timing Model Shifts to Sell Signal"},"content":{"rendered":"\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220413COMP.png\" alt=\"$COMP daily \" width=\"714\" height=\"479\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; April 13, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p><!-- Begin market timing model --><a name=\"timing\"><\/a><strong><em>MTG Market Timing Model &#8211;&nbsp; Sell due to both the S&amp;P 500 and Nadsaq Comp below the 20 and 50-day MAs <\/em><\/strong><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a name=\"watchlist\"><\/a><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/p>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" alt=\"$todays watchlist\" style=\"width: 717px;\" title=\"\"><br \/><a name=\"positions\"><\/a><strong><em>open positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220413open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2020\/closed.png\" alt=\"$closed positions\" width=\"717\" height=\"68\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>No trades triggered.<\/li><\/ul>\n\n\n\n<p><!-- End closed positions --><strong><em><strong><em><strong><em><a name=\"etf\"><\/a> <strong><em>Commentary:<\/em><\/strong><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Stocks remain in a downtrend led by weakness in large-cap tech.<\/p>\n\n\n\n<p>The Nasdaq Composite closed near support around 13,300.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220413COMP.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220413COMP.png\" alt=\"$COMP daily \" width=\"714\" height=\"479\" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/figure>\n\n\n\n<p>The S&amp;P 500 also closed below the 50-day MA for the second day in a row and unless it can bounce back within the next day or two may be headed to the 4,300 area.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220413SPX.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220413SPX.png\" alt=\"$SPX daily \" width=\"714\" height=\"479\" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/figure>\n\n\n\n<p>The S&amp;P 500 joined the Nasdaq Composite below the 50-day MA this week which puts the timing model back in sell mode.&nbsp; For the model to return to buy mode either the S&amp;P or Nasdaq must close back above the 20-day EMA.&nbsp; Note that all our buy\/sell decisions are not based on the timing model as we need to have a bit more freedom to adjust to market conditions, especially when the price action is volatile.&nbsp;&nbsp;<\/p>\n\n\n\n<p>There isn&#8217;t much to do right now as the broad-based averages are too extended to the downside to add new short exposure. Long setups have also dried up, which isn&#8217;t a surprise with major indexes in a downtrend the past two weeks.<\/p>\n\n\n\n<p>The only longs that are in play continue to be commodity-based, but timing is crucial on these trades as entries tend to work better on weakness than strength.<\/p>\n\n\n\n<p>$TECK is a coal, copper, zinc, and gold miner that is trading near highs with a 97 RS rating from IBD. A recent false breakout led to a shakeout below the 20-day EMA and recovery back above. Commodity-based trades should be entered on weakness which makes $TECK in play near the 20-day EMA with a stop below the swing low. This is not an official setup as we already have a few open positions in coal and gold miners.<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220413TECK.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220413TECK.png\" alt=\"$TECK daily \" width=\"714\" height=\"479\" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/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\"><li>&nbsp;Longs &#8211; $TECH &#8211; buy near 20ema, stop swing low. Other stocks in play over yest. high &#8211; $NOC $LXU $BPT&nbsp;<\/li><li>&nbsp;Shorts &#8211;&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<p>Press HERE (link restricted to paid members) to view this week&#8217;s stock watchlist, an excellent starting point for monitoring the health of the market and finding the best stocks for swing trading<em>.<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membershiip 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>The S&#038;P 500 joined the Nasdaq Composite below the 50-day MA this week which puts the timing model back in sell mode.\u00a0 <\/p>\n<p>For the model to return to buy mode either the S&#038;P or Nasdaq must close back above the 20-day EMA.\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-12332","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\/12332","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=12332"}],"version-history":[{"count":4,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12332\/revisions"}],"predecessor-version":[{"id":12344,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12332\/revisions\/12344"}],"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=12332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=12332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=12332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}