{"id":15954,"date":"2023-01-03T06:48:00","date_gmt":"2023-01-03T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=15954"},"modified":"2023-02-02T11:48:27","modified_gmt":"2023-02-02T16:48:27","slug":"swing-trading-stocks-010323","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-010323\/","title":{"rendered":"The Wagner Daily &#8211; $HALO: A Stock to Watch for Aggressive Traders After Breaking Out from a Cup with Handle"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230103HALO.png\" alt=\"$HALO DAILY\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; January 3, 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\/230103list.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 S&amp;P 500 remains range-bound below all key moving averages with the 20-day EMA and 50-day MA as resistance.&nbsp; Even if the S&amp;P is to push higher from here, it will be tough to trust any move until there is a big pick-up in buying interest.&nbsp;&nbsp;<\/p>\n\n\n\n<p>We are also monitoring S&amp;P 400 ETF $MDY for a close above resistance at $450.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/210103SPX.png\" alt=\"$sp 500  DAILY\" title=\"\"><\/figure>\n\n\n\n<p>The Nasdaq Composite closed off the lows of the week and may see a bounce.&nbsp; Tough to short stocks within the Nasdaq at current levels.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230103IXIC.png\" alt=\"$Nasdaq Comp  DAILY\" title=\"\"><\/figure>\n\n\n\n<p>We continue to monitor a handful of setups that are showing relative strength to the broad-based averages.<\/p>\n\n\n\n<p>Below are a few unofficial setups from our internal watchlist.&nbsp;<\/p>\n\n\n\n<p>After clearing its downtrend line, $SLB is sitting in a tight range above the 8, 20, and 50-day MAs.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230103SLB.png\" alt=\"$SLB DAILY\" title=\"\"><\/figure>\n\n\n\n<p>$HALO is on week 4 of a flat base pattern after breaking out from a cup with handle pattern in November.&nbsp; The high of last Friday&#8217;s reversal candle can serve as a buy entry for aggressive traders.&nbsp; This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230103HALO.png\" alt=\"$HALO DAILY\" title=\"\"><\/figure>\n\n\n\n<p>$MEDP is another top-rated growth stock on our list.&nbsp; Last week&#8217;s false breakout above the swing high led to another test of the 50-day MA, which held.&nbsp; Any pullback near the 50-day MA can be bought with small size for aggressive traders.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230103MEDP.png\" alt=\"$MEDP DAILY\" title=\"\"><\/figure>\n\n\n\n<p>$CPRX has pulled back to the range high while holding above the 8-day EMA.&nbsp; Potentially in play unofficially on a downtrend line break.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/morpheustrading.com\/~rick\/\/charts\/2021\/230103CPRX.png\" alt=\"$CPRX DAILY\" title=\"\"><\/figure>\n\n\n\n<p>Our game plan is to lay low during the first few days of 2023.&nbsp;&nbsp;Although we have a few unofficial setups posted above,&nbsp;there is nothing wrong with sitting mostly in cash.&nbsp;&nbsp;&nbsp;&nbsp;<\/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; watching the charts above as well as $SMCI $HAL $NBIX $PI $CAT $BOX<\/li>\n\n\n\n<li>Shorts &#8211;<\/li>\n<\/ul>\n\n\n\n\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/docs.google.com\/spreadsheets\/d\/1NqgrdjU9b5BoBV7j2BaIvp8y8P3VfAuUyywfm3Mcqxg\/edit?usp=sharing\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Click here to\u00a0view this week&#8217;s watchlist in google sheets<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$HALO is on week 4 of a flat base pattern after breaking out from a cup with handle pattern in November.\u00a0 The high of last Friday&#8217;s reversal candle can serve as a buy entry for aggressive traders.\u00a0 This is not an official setup.<\/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-15954","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\/15954","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=15954"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/15954\/revisions"}],"predecessor-version":[{"id":15958,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/15954\/revisions\/15958"}],"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=15954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=15954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=15954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}