{"id":16522,"date":"2022-08-24T06:48:00","date_gmt":"2022-08-24T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16522"},"modified":"2023-02-08T01:02:21","modified_gmt":"2023-02-08T06:02:21","slug":"swing-trading-stocks-082422","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-082422\/","title":{"rendered":"The Wagner Daily &#8211; $ARRY Surges Higher: An Opportunity for a Low-Risk Entry"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220824ARRY.png\" alt=\"arry daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; August 24, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; BUY&nbsp; &nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220824list.png\" title=\"\">Add<br \/><br \/><a><strong><em>position notes:<\/em><\/strong><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In yesterday&#8217;s report, $OVV was incorrectly listed as a buy limit order instead of a buy stop, so the trade did not trigger. Please cancel the setup. If long, continue to hold with the stop mentioned in Tuesday&#8217;s report.<\/li>\n\n\n\n<li>Per intraday alert, bought $WOLF.<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>Broad market indexes rallied early but could not hold on to the gains and sold off into the close. A break of the two-day low in the Nasdaq Composite would trigger a sell signal in our timing model which is based on price holding the 20-day EMA.<\/p>\n\n\n\n<p>$OVV was incorrectly listed as a buy limit order on Tuesday so it did not trigger. If long, continue to hold with the stop mentioned in the report. Cancel the limit order.<\/p>\n\n\n\n<p>There is one new official setup for Wednesday in $ARRY.<\/p>\n\n\n\n<p>$ARRY exploded higher in late July and early August with a few big volume gap ups. Tuesday&#8217;s pullback was the first touch of the 20-day EMA in a strong new uptrend.<\/p>\n\n\n\n<p>Our entry is over the high of the reversal candle.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220824ARRY.png\" alt=\"arry daily\" title=\"\"><\/figure>\n\n\n\n<p>Natural Gas Futures failed a breakout attempt above $10 and may need to test the 20-day EMA before pushing higher&#8230;if the price fails to hold the 10ema. We are still long the nat gas ETF $UNG looking for the 20-day EMA to hold.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220824NG.png\" alt=\"Nat gas futures daily\" title=\"\"><\/figure>\n\n\n\n<p>Oil and gas stock $EQT also sold off with natural gas and could be in play off the 20-day EMA. No entry yet.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220824EQT.png\" alt=\"Nat gas futures daily\" title=\"\"><\/figure>\n\n\n\n<p>Healthcare stocks may be in play tomorrow. Here are a few names we are watching. $LNTH $NBIX $PTCT $IONS $BMRN<\/p>\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\">\n<li>&nbsp;Longs &#8211; watching $NBIX $LNTH $BMRN $ENPH $ARRY $GFS $ARRY $WOLF<\/li>\n\n\n\n<li>\u00a0Shorts &#8211;\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p>See you in the chat room,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n<p>These lists are a good starting point for monitoring the market&#8217;s health for those with limited time.<\/p>\n\n\n\n<p><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\">https:\/\/morpheustrading.com\/services\/swing-trade-alerts<\/a><\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>$ARRY exploded higher in late July and early August with a few big volume gap ups. Tuesday&#8217;s pullback was the first touch of the 20-day EMA in a strong new uptrend.<\/p>\n<p>Our entry is over the high of the reversal candle.<\/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-16522","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\/16522","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=16522"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16522\/revisions"}],"predecessor-version":[{"id":16526,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16522\/revisions\/16526"}],"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=16522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}