The Wagner Daily – November 8, 2021
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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):
- Per intraday alert, bought a half position in $ZI.
October proved to be an explosive month for broad-based indices that could now use a week or two of chop to allow short-term moving averages to catch up to price.
Our weekend scans did not produce many actionable setups, though that could change with some chop. For the most part, higher-quality stocks have already moved out and are too extended for low-risk buy points.
Per intraday alert last Friday, we purchased a half position in $ZI due to the bullish price and volume action on the weekly chart. For those not already long, an entry near last Friday’s close is fine.
$PGNY could be in play if it can reclaim the breakout pivot at $64.50.
$LC has formed a bull-flag like pattern and could be in play over last Friday’s high.
$UPST reports 11/9. We don’t have much of a profit buffer to hold through earnings as of Friday’s close but let’s see how the next two days play out.
Unofficial Setups – For experienced traders only, no guidance is given for these setups.
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