{"id":16644,"date":"2022-08-05T06:48:00","date_gmt":"2022-08-05T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=16644"},"modified":"2023-02-08T05:37:14","modified_gmt":"2023-02-08T10:37:14","slug":"swing-trading-stocks-080522","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-080522\/","title":{"rendered":"The Wagner Daily &#8211; $XBI &amp; $SWAV Trading Update: Intraday Alert &amp; Portfolio Action"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220806LNTH.png\" alt=\"LNTH daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; August 05, 2022<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211;&nbsp; BUY&nbsp; &nbsp;<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a><strong><em>today&#8217;s watchlist along with open and closed positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220805list4.png\" title=\"\"><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 $XBI for a 6% gain.&nbsp; Sold $SWAV for a small scratch gain.&nbsp;&nbsp;<\/li>\n\n\n\n<li>Stopped out of $LNTH at break-even.&nbsp;<\/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>Major stock market averages closed mixed on the session with the Nasdaq Composite up +0.4% vs a -0.1% loss in the S&amp;P 500.&nbsp; Small and mid-cap ETFs $IWM and $MDY closed at -0.2% and -0.7% respectively.&nbsp;&nbsp;A -3.7% loss in the energy ETF $XLE weighed on the S&amp;P 500.<\/p>\n\n\n\n<p>In last night&#8217;s report, we mentioned the lack of low-risk buy setups from our scans, which is to be expected when the major averages are extended from the 20-day EMA on the daily chart.&nbsp; The same goes for tonight&#8217;s scans.&nbsp;<\/p>\n\n\n\n<p>The model portfolio has one open position left in $GWW (a 5% position after the add).&nbsp;<\/p>\n\n\n\n<p>Per intraday alert,&nbsp; $XBI was sold into strength for a&nbsp;6% gain.&nbsp; $SWAV was sold just for a small gain due to the lack of profit buffer heading into earnings (Monday after the close).&nbsp; For those still long $SWAV, consider holding until late Monday afternoon and&nbsp;making a decision to exit based on the profit buffer.&nbsp; If up 10% or more, consider holding the full position.&nbsp; If up 5-8%, maybe cut back on size.&nbsp; If&nbsp;less&nbsp;than 5%, consider selling all or cutting size down to 20% or less of a full position.<\/p>\n\n\n\n<p>The model portfolio also stopped out of $LNTH at breakeven.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220806LNTH.png\" alt=\"LNTH daily\" title=\"\"><\/figure>\n\n\n\n<p>There are no new official setups for Friday. Please note the $ENPH buy limit order was canceled.<\/p>\n\n\n\n<p>We are monitoring $TAN for a possible entry on strength over Thursday&#8217;s high or on weakness, such as another test of the 10-day EMA.<\/p>\n\n\n\n<p>$TAN cleared resistance on heavy volume and has since chopped around in a tight range on lighter volume with the 10-day EMA catching up.&nbsp;<\/p>\n\n\n\n<p>This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220805TAN.png\" alt=\"LNTH daily\" title=\"\"><\/figure>\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;&nbsp; &nbsp;watching $TAN $ENPH $SHLS $BMBL $MUSA $PWR $AGL&nbsp;<\/li>\n\n\n\n<li>\u00a0Shorts &#8211;\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p>See you in the chatroom,<\/p>\n\n\n\n<p>Rick&nbsp;<\/p>\n\n\n\n\n\n\n\n<p>This list is a good starting point for monitoring the health of the market for those who have 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>Per intraday alert,\u00a0 $XBI was sold into strength for a\u00a06% gain.\u00a0 $SWAV was sold just for a small gain due to the lack of profit buffer heading into earnings (Monday after the close).\u00a0 For those still long $SWAV, consider holding until late Monday afternoon and\u00a0making a decision to exit based on the profit buffer.\u00a0 If up 10% or more, consider holding the full position.\u00a0 If up 5-8%, maybe cut back on size.\u00a0 If\u00a0less\u00a0than 5%, consider selling all or cutting size down to 20% or less of a full position.<\/p>\n<p>The model portfolio also stopped out of $LNTH at breakeven.<\/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-16644","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\/16644","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=16644"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16644\/revisions"}],"predecessor-version":[{"id":16648,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/16644\/revisions\/16648"}],"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=16644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=16644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=16644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}