{"id":17652,"date":"2022-01-03T06:48:00","date_gmt":"2022-01-03T11:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=17652"},"modified":"2023-02-16T23:33:40","modified_gmt":"2023-02-17T04:33:40","slug":"swing-trading-stocks-010322","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-010322\/","title":{"rendered":"The Wagner Daily &#8211; Market Update: Holding Two Positions"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220103MU.png\" alt=\"MU daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; January 3, 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; Buy&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 (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" title=\"\"><br \/><br \/><a><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220103OPEN.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2020\/closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Note the new stop in $ANET.<\/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>Friday&#8217;s selling increased the odds for further weakness in the S&amp;P 500 ETF $SPY with support at the 10-day EMA at $473.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220103SPY.png\" alt=\"SP 500\" title=\"\"><\/figure>\n\n\n\n<p>The Nasdaq Composite is near a big support level at 15,600.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220103NAZ.png\" alt=\"Nasdaq Comp daily\" title=\"\"><\/figure>\n\n\n\n<p>Our game plan is to sit tight with two open positions and see how the market holds up on Monday. If further weakness leads to bullish reversal candles on the daily chart of the main averages, then we could see some pullback setups emerge on Tuesday or Wednesday.<\/p>\n\n\n\n<p>Note the new stop on $ANET which was lowered just a bit (would result in a 4% gain if triggered).&nbsp;&nbsp;<\/p>\n\n\n\n<p>We remain long $MU with a stop beneath the low of the wide-ranged advance on 12-23. Look for support to come in around the 8-day EMA or 10-day SMA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220103MU.png\" alt=\"MU daily\" title=\"\"><\/figure>\n\n\n\n<p>Growth remains out of favor with very few stocks above the 50-day MA. $TSLA, $DDOG, and $MDB are a few we continue to monitor.<\/p>\n\n\n\n<p>$AMAT, $QCOM, $MRVL, $SLAB are all holding up near highs. Can they follow through to the upside? Will $AMD and $NVDA hold the 50-day MA?<\/p>\n\n\n\n<p>A few stocks that are setting up:<\/p>\n\n\n\n<p>$F is sitting near highs with a 3 week long flat base above the rising 20ema. This is not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220103F.png\" alt=\"F daily\" title=\"\"><\/figure>\n\n\n\n<p>$TREX is in consolidation mode after a +50% rally off the lows. Look for the price to chop around above the 20-day EMA with a move through last week&#8217;s high as a buy signal unless a lower buy point emerges. Not an official setup.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/220103TREX.png\" alt=\"TREX 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>Watching &#8211; $BJ $AMAT $F $DDOG $GFS $ON $MRO $GDYN $SLAB $MRVL $TREX<\/li>\n<\/ul>\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>Our game plan is to sit tight with two open positions and see how the market holds up on Monday. If further weakness leads to bullish reversal candles on the daily chart of the main averages, then we could see some pullback setups emerge on Tuesday or Wednesday.<\/p>\n<p>Note the new stop on $ANET which was lowered just a bit (would result in a 4% gain if triggered).\u00a0\u00a0<\/p>\n<p>We remain long $MU with a stop beneath the low of the wide-ranged advance on 12-23. Look for support to come in around the 8-day EMA or 10-day SMA.<\/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-17652","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\/17652","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=17652"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17652\/revisions"}],"predecessor-version":[{"id":17656,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/17652\/revisions\/17656"}],"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=17652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=17652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=17652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}