{"id":15882,"date":"2023-01-13T06:48:00","date_gmt":"2023-01-13T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=15882"},"modified":"2023-02-01T23:56:24","modified_gmt":"2023-02-02T04:56:24","slug":"swing-trading-stocks-011323","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-011323\/","title":{"rendered":"The Wagner Daily &#8211; $TGLS Poised for Breakout to All-time High"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230113NQ.png\" alt=\"$nasdaq 100  DAILY\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; January 13, 2023<\/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; Buy (based on S&amp;P 500 reclaiming the 20-day EMA)&nbsp;&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 along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/230113list.png\" title=\"\">&nbsp;<br \/><br \/><a><strong><em>position notes:<\/em><\/strong><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Per intraday alert, bought $TGLS.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:&nbsp;<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p><strong>Note that the US markets will be closed on Monday, January 16.<\/strong> The Wagner Daily will not be published Sunday night but will return Monday night for Tuesday&#8217;s session. Enjoy the long weekend!<\/p>\n\n\n\n<p>Broad-based averages continue to push higher fueled by short covering.<\/p>\n\n\n\n<p>The S&amp;P 500 futures contract has rallied into resistance of the 200-day MA and downtrend line.&nbsp; There is quite a bit of support just above 3,900 from a few moving averages.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230113ES.png\" alt=\"$sp 500 futures DAILY\" title=\"\"><\/figure>\n\n\n\n<p>Nasdaq 100 futures&nbsp;just reclaimed its 50-day MA, but has room to run before hitting downtrend line resistance. Support is from the rising 8 and 20-day EMAs (11,275ish)<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230113NQ.png\" alt=\"$nasdaq 100  DAILY\" title=\"\"><\/figure>\n\n\n\n<p>Per intraday alert, $TGLS was added to the model portfolio on a breakout above $32. We liked the strong rally from the gap up with bullish price and volume action. The consolidation was tight with volume drying up.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230113TGLS.png\" alt=\"$TGLS DAILY\" title=\"\"><\/figure>\n\n\n\n<p>The weekly chart is sitting just below all-time highs.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230113TGLS2.png\" alt=\"$TGLS weekly\" title=\"\"><\/figure>\n\n\n\n<p>There is one new setup for Friday&#8217;s session in $JD.<\/p>\n\n\n\n<p>We like the tight action on the daily chart with the 8-day EMA catching up. Our buy entry is over the two-day high with a stop below the 20-day EMA to allow for some wiggle room. One could also use the current two-day low as a stop.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230113JD.png\" alt=\"$JD DAILY\" title=\"\"><\/figure>\n\n\n\n<p><strong>Unofficial Setups&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Longs &#8211; $DE $PEN $PODD $PDD $SUPN $AMBA<\/li>\n\n\n\n<li>Shorts &#8211;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/docs.google.com\/spreadsheets\/d\/1NqgrdjU9b5BoBV7j2BaIvp8y8P3VfAuUyywfm3Mcqxg\/edit?usp=sharing\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Click here to&nbsp;view this week&#8217;s watchlist in google sheets<\/strong><\/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>Broad-based averages continue to push higher fueled by short covering.<\/p>\n<p>The S&#038;P 500 futures contract has rallied into resistance of the 200-day MA and downtrend line.\u00a0 <\/p>\n<p>There is quite a bit of support just above 3,900 from a few moving averages.<\/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-15882","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\/15882","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=15882"}],"version-history":[{"count":2,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/15882\/revisions"}],"predecessor-version":[{"id":15888,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/15882\/revisions\/15888"}],"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=15882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=15882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=15882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}