{"id":15912,"date":"2023-01-09T06:48:00","date_gmt":"2023-01-09T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=15912"},"modified":"2023-02-02T10:47:44","modified_gmt":"2023-02-02T15:47:44","slug":"swing-trading-stocks-template-2","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-template-2\/","title":{"rendered":"The Wagner Daily &#8211; Understanding the Trend of $IJJ\/$IWP Ratio Chart"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230109IJJ.png\" alt=\"$ IJJ DAILY\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; January 9, 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; Sell (as of 12\/15\/22) due to a break of 20ema in the S&amp;P 500<\/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=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/230109list.png\" title=\"\">&nbsp;<br \/><br \/><a><strong><em>position notes:<\/em><\/strong><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No trades triggered.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:&nbsp;<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>The market closed out last week&#8217;s trading on a positive note, with most broad market averages defending recent lows and reversing higher on a pick-up in volume.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Let&#8217;s see if these indices can follow-through to the upside.&nbsp;&nbsp;<\/p>\n\n\n\n<p>S&amp;P Midcap 400 closed above all major moving averages but will need to hold.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230109MID.png\" alt=\"$SP400 DAILY\" title=\"\"><\/figure>\n\n\n\n<p>The S&amp;P 500 reclaimed its 20-day ema but is just below the 50-day ma.&nbsp; Not pictured below is the Nasdaq 100, which reclaimed its 8-day ema but remains below a declining 20-day ema.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230109SPX.png\" alt=\"$sp 500  DAILY\" title=\"\"><\/figure>\n\n\n\n<p>Value stocks continue to outperform growth.<\/p>\n\n\n\n<p>The two images below are weekly ratio charts.&nbsp;<\/p>\n\n\n\n<p>The first is of $IJJ (midcap value) divided by $IWP (midcap growth).&nbsp; In the tradingview charting platform, the symbol is IJJ\/IWP.&nbsp;&nbsp;&nbsp;The first symbol is value and if it is leading it will be in an uptrend.&nbsp; If value is lagging, it will trend lower.&nbsp; &nbsp;<\/p>\n\n\n\n<p>Midcap value is outperforming.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230109IJJ.png\" alt=\"$ IJJ DAILY\" title=\"\"><\/figure>\n\n\n\n<p>As is small cap value.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230109IWN.png\" alt=\"$IWN  DAILY\" title=\"\"><\/figure>\n\n\n\n<p>With the broad-based averages reversing higher last Friday, we are leaning towards the market pushing higher this week.<\/p>\n\n\n\n<p>Based on the charts above and our weekend scans, value, biotech, and a few semiconductors are in play.&nbsp;&nbsp;<\/p>\n\n\n\n<p>There is one new official setup for Monday in $UTHR.&nbsp; The entry is based on last week&#8217;s touch of the rising 10-week moving average which is labeled on the daily chart below.&nbsp; We have a buy stop to enter near Friday&#8217;s close, basically trying to establish a position as close to the 10-week MA as possible.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230109UTHR.png\" alt=\"$abnb DAILY\" title=\"\"><\/figure>\n\n\n\n<p>Other stocks potentially in play on strength or weakness:<\/p>\n\n\n\n<p>$FIVE $PEN $PCVX $TGLS $JD $SMCI $BIDU $DXCM $APO $RMBS $TEX $TITN $APO $MOD $NBIX<\/p>\n\n\n\n<p><strong>Unofficial Setups&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Longs &#8211; see above&nbsp;<\/li>\n\n\n\n<li>Shorts &#8211;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>&nbsp;<\/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>The first is of $IJJ (midcap value) divided by $IWP (midcap growth).\u00a0 In the tradingview charting platform, the symbol is IJJ\/IWP.\u00a0\u00a0\u00a0The first symbol is value and if it is leading it will be in an uptrend.\u00a0 If value is lagging, it will trend lower.\u00a0 \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-15912","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\/15912","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=15912"}],"version-history":[{"count":2,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/15912\/revisions"}],"predecessor-version":[{"id":15918,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/15912\/revisions\/15918"}],"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=15912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=15912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=15912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}