{"id":12388,"date":"2022-04-06T07:13:00","date_gmt":"2022-04-06T11:13:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=12388"},"modified":"2022-04-27T03:52:38","modified_gmt":"2022-04-27T07:52:38","slug":"swing-trading-stocks-04-06-22","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-04-06-22\/","title":{"rendered":"The Wagner Daily &#8211; Short Selling Setup in Financial Stock $DFS"},"content":{"rendered":"\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220406DFS.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220406DFS.png\" alt=\"$DFS daily \" width=\"684\" height=\"531\" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; April 6, 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><a><strong><em>MTG Market Timing Model &#8211;&nbsp; BUY as of 3\/16 close<\/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\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" alt=\"$todays watchlist\" style=\"width: 717px;\" title=\"\"><br \/><br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220406open.png\" alt=\"$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=\"$closed positions\" width=\"717\" height=\"67\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>No trades triggered.<\/li><\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>The S&amp;P 500 and Nasdaq Composite sold off on higher volume and erased all on Monday&#8217;s advance and a bit more. The selling increases the odds of further chop and a possible test off the rising 20-day ema in both indexes (and 200-day MA in S&amp;P).<\/p>\n\n\n\n<p>The false breakouts and breakdowns below support\/resistance the past few months has created a wide trading range.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220406SPX.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220406SPX.png\" alt=\"$S-500 daily \" width=\"684\" height=\"531\" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220406IXIC.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220406IXIC.png\" alt=\"$Nasdaq Comp  daily \" width=\"684\" height=\"531\" title=\"\"><\/a><figcaption><em>Press chart to enlarge<\/em><\/figcaption><\/figure>\n\n\n\n<p>Prior to our timing model flashing a buy signal on 3\/16, we posted the following:<\/p>\n\n\n\n<p>Keys to market turning bullish:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Buy signal in the timing model, such as a FTD (follow through day) or reclaim of 21-day EMA<\/li><li>Stocks begin to breakout on volume and hold&#8230; indexes hold the 21-day EMA<\/li><li>Number of stocks making new 52-week highs vs 52-week lows enters into positive territory<\/li><li>After the first wave of breakouts, new setups emerge<\/li><\/ul>\n\n\n\n<p>Going through the list above, other than the indexes printing a follow-through day (3\/16) and reclaiming the 21-day ema and holding, there is very little to get excited about.&nbsp; &nbsp;The few breakouts we saw in semis on&nbsp;volume&nbsp;failed and rolled over on volume.&nbsp; &nbsp;$TSLA, $PANW, and $PSTG have held up.&nbsp; Not much power out there.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>$SMH sliced through the 50-day MA on heavy volume. Let&#8217;s see if support holds around $248<\/p>\n\n\n\n<p>Major ETFs now below the 50-day MA: financials ($XLF), tranports ($IYT), semis ($SMH), and homebuilders ($XHB).<\/p>\n\n\n\n<p>There is one new official short setup for Wednesday in $DFS.<\/p>\n\n\n\n<p>$DFS is forming a ledge, which is what we call basing&nbsp;action in a downtrend when the moving averages are stacked to the downside (20&lt;50&lt;200). The highs of the ledge stalled just below the declining 50-day MA and is now in chop mode setting lowers highs. Our entry is beneath the low of Tuesday&#8217;s tight-ranged inside day, with a protective stop above the three-day high.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220406DFS.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220406DFS.png\" alt=\"$DFS daily \" width=\"684\" height=\"531\" 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; $PLAY over yest high<\/li><li>&nbsp;Shorts &#8211; $TPX, $FBHS, $DELL, $RBLX (entries below prior day&#8217;s low)<\/li><\/ul>\n\n\n\n<p>Press HERE (link restricted to paid members) to view this week&#8217;s stock watchlist, an excellent starting point for monitoring the health of the market and finding the best stocks for swing trading<em>.<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membershiip now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$DFS is forming a ledge, which is what we call basing\u00a0action in a downtrend when the moving averages are stacked to the downside (20&lt;50&lt;200). <\/p>\n<p>The highs of the ledge stalled just below the declining 50-day MA and is now in chop mode setting lowers highs. <\/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-12388","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\/12388","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=12388"}],"version-history":[{"count":2,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12388\/revisions"}],"predecessor-version":[{"id":12392,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/12388\/revisions\/12392"}],"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=12388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=12388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=12388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}