The Wagner Daily – 3 New Stock Setups for Tuesday: $SE, $CRWD, $ASAN

The Wagner Daily – October 19, 202

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MTG Market Timing Model – buy

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&P 500 or Nasdaq Composite.

today’s watchlist (potential trade entries):

open positions:

closed positions:

position notes:

• $SE buy stop triggered.
• Per intraday alert, bought $MRVL and added to $BILL.

Commentary:

Monday was a positive session overall for growth and the model portfolio. Per intraday alert, bought a half position in $MRVL and added to $BILL. The $SE buy stop triggered the breakout, which failed to follow through.

We missed the first entry in $MRVL on the pullback off the 10-day EMA on 10/14. However, last Friday’s tight-ranged pause day provided a second entry over the day’s high, which we bought. The stop is placed beneath the recent swing low.

There are three new setups on Tuesday’s watchlist. One is an add to $SE if it can clear the high of 10/18.

The other two are new positions in $CRWD and $ASAN.

$CRWD is in week 8 of a basing pattern that is only 18% deep. Since there is no handle, our entry is over the base high with a 7% stop.

$ASAN is in week 4 of a consolidation that is about 21% deep. Monday’s tight-ranged session is part of a bullish looking two-day pause. The buy stop entry is over the two-day high.

FTNT MRVL AMD SNOW AMBA BILL DOCN DDOG ASAN AFRM LC ENPH SI TEAM TASK TEAM SNAP CRWD APP NVDA

Unofficial Setups – For experienced traders only, no guidance is given for these setups.

• None

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