The Wagner Daily – $MEDP: Trade Opportunity – Two Scenarios

The Wagner Daily – November 23, 2022

Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).

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MTG Market Timing Model –  BUY  (from 10/21/22 follow-through day buy signal)

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 along with open and closed positions:

 

position notes:

• $PODD stop triggered for a 3% loss on a half position.

Commentary:

This week’s schedule: 

• US markets closed on Thursday, November 24.
• Early close at 1 pm ET on Friday, November 25.

The Wagner daily will not be published on Thursday, but we will be back on Friday with an abbreviated version of the report. The live trading room will be open on Friday from 9am to 1pm ET.  

Broad market averages pushed higher on Tuesday finding support at the rising 8 to 10-day moving averages.

Below are a few setups we are monitoring. While there are no new official setups for Wednesday, we will send an email/text alert if anything catches our eye intraday.

$MEDP is potentially in play on strength over the two-day high (tight range there). Could also be in play on weakness if there is a touch of the rising 20-day EMA.

$ARRY continues to work on a handle. We are already long a 1/3 position but could add on strength IF there is a heavy volume breakout above the handle high.

We’d like to see current positions push higher before adding more exposure.

Unofficial Watchlist

• Longs – watching $GFS (strength over 2-day high) , $WING (off 20ema) , $MEDP (over 2-day high) ,  $SHLS (pullback to 8ema)
• Shorts –

Rick 

Click here to view this week’s watchlist in google sheets

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