{"id":18000,"date":"2021-10-28T06:48:00","date_gmt":"2021-10-28T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18000"},"modified":"2023-02-20T22:11:58","modified_gmt":"2023-02-21T03:11:58","slug":"swing-trading-stocks-102821","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-102821\/","title":{"rendered":"The Wagner Daily &#8211; Portfolio Update: $DOCN, $DDOG Sold"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211028TSLA.png\" alt=\"$TSLA  daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; October 28, 2021<\/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-alpha-channel-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; BUY<\/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 id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<p><img decoding=\"async\" alt=\"$todays watchlist\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/watch.png\" title=\"\"><br \/><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211028open.png\" alt=\"$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\/2021\/211028closed.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>&nbsp;Bought $APP<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p>After a second day of selling in a row, $SPY, $IWP, $FFTY, and $DIA are now in pullback mode. $QQQ is still technically setting higher highs and lows, but the last two candles closed near the lows of the session, indicating stalling action.<\/p>\n\n\n\n<p>$SPY has support from the rising 8 or 10-day EMAs in the $451 &#8211; $452 area. $QQQ also has support from the rising 8 or 10-day EMA around $375 &#8211; $376.<\/p>\n\n\n\n<p>Unless $IWP can reverse back above the 10-day EMA and hold, it&#8217;s likely headed for support of the 20-day EMA.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211028IWP.png\" alt=\"IWP daily\" title=\"\"><\/figure>\n\n\n\n<p>The model portfolio sold $DOCN for a gain of 9.7% and 3.8% (still long a 4% position with a tight stop). Also sold $DDOG for a 7% and 4% gain on the first two buys and a -0.7% loss on the last buy.<\/p>\n\n\n\n<p>$APP long triggered on the open but closed weak with the market. Note the new stops in $APP, $DOCN, $TSLA, and $CRWD in the open positions section above.<\/p>\n\n\n\n<p>There are no new official buy setups for Thursday. Although the timing model is in buy mode, the action in growth has been disappointing as of late. We&#8217;ve seen far too many false breakouts, as well as a lack of follow-through in breakouts that have worked. Maybe the price action improves down the road after a potential short-term shakeout in the indices, we will see.<\/p>\n\n\n\n<p>$TSLA is still holding above the close of the gap-up day, which is a key level to monitor. Let&#8217;s see if the 1k level holds.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/211028TSLA.png\" alt=\"$TSLA  daily\" title=\"\"><\/figure>\n\n\n\n<p>$ENPH gapped up on 8x average volume. A move through the high of the gap-up day is an entry point worth monitoring. 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\/211028ENPH.png\" alt=\"$ENPH 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>none<\/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>The model portfolio sold $DOCN for a gain of 9.7% and 3.8% (still long a 4% position with a tight stop). Also sold $DDOG for a 7% and 4% gain on the first two buys and a -0.7% loss on the last buy.<\/p>\n<p>$APP long triggered on the open but closed weak with the market. Note the new stops in $APP, $DOCN, $TSLA, and $CRWD in the open positions section above.<\/p>\n<p>There are no new official buy setups for Thursday. Although the timing model is in buy mode, the action in growth has been disappointing as of late. We&#8217;ve seen far too many false breakouts, as well as a lack of follow-through in breakouts that have worked. Maybe the price action improves down the road after a potential short-term shakeout in the indices, we will see.<\/p>\n<p>$TSLA is still holding above the close of the gap-up day, which is a key level to monitor. Let&#8217;s see if the 1k level holds.<\/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-18000","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\/18000","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=18000"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18000\/revisions"}],"predecessor-version":[{"id":18004,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18000\/revisions\/18004"}],"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=18000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}