{"id":15948,"date":"2023-01-04T06:48:00","date_gmt":"2023-01-04T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=15948"},"modified":"2023-02-02T11:41:34","modified_gmt":"2023-02-02T16:41:34","slug":"swing-trading-stocks-010423","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-010423\/","title":{"rendered":"The Wagner Daily &#8211; $NBIX: A Potential Long-Term Investment Opportunity"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230104NBIX.png\" alt=\"$NBIX DAILY\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; January 4, 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\/230104list.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, sold $SMCI just below breakeven for a very small loss due to the lack of follow-through from our entry and weak market conditions.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:&nbsp;<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Tuesday&#8217;s failed gap up led to more chop, as stocks reversed lower in the morning but failed to follow through to the downside in the afternoon.<\/p>\n\n\n\n<p>The S&amp;P Midcap 400 (a leading index) stalled at resistance from the 50 and 200-day MAs. We continue to monitor the daily chart for clues such as a close above the 200-day MA that holds.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230104MID.png\" alt=\"$sp 400  DAILY\" title=\"\"><\/figure>\n\n\n\n<p>Nasdaq 100 ETF $QQQ &#8211; Can the price reclaim the 8-day EMA? There is also resistance just above from the declining 20-day EMA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230104QQQ.png\" alt=\"$QQQ  DAILY\" title=\"\"><\/figure>\n\n\n\n<p>Per the intraday alert, sold $SMCI just below breakeven for a very small loss and we are now back to a 100% cash position.<\/p>\n\n\n\n<p>Several stocks on our internal watchlist were hit hard on Tuesday, with names like $FOUR and $TMDX both down at least -6%.<\/p>\n\n\n\n<p>There are no new official setups for Wednesday&#8217;s session.<\/p>\n\n\n\n<p>On the long side (just monitoring), $NBIX could be in play over the high of Tuesday&#8217;s reversal candle off the 50-day MA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230104NBIX.png\" alt=\"$NBIX DAILY\" title=\"\"><\/figure>\n\n\n\n<p>$DAL is one to watch on the short side after stalling at resistance from the 20-day EMA and downtrend line. A move<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230104DAL.png\" alt=\"DAL 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; watching&nbsp; $SMCI&nbsp; $NBIX $CAT $CPRX<\/li>\n\n\n\n<li>Shorts &#8211; $DAL &#8211; short bounce into 8-10 day MA (if there is one).<\/li>\n<\/ul>\n\n\n\n<p>Add<\/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\u00a0view 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>On the long side (just monitoring), $NBIX could be in play over the high of Tuesday&#8217;s reversal candle off the 50-day MA.<\/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-15948","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\/15948","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=15948"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/15948\/revisions"}],"predecessor-version":[{"id":15952,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/15948\/revisions\/15952"}],"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=15948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=15948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=15948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}