The Wagner Daily – 2 New Positions: $CPNG & $MEDP, Seeking Upside Follow-Through

The Wagner Daily – November 25, 2022

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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:

• Per intraday alert, bought 1/3 positions in $CPNG and $MEDP.

Commentary:Add

 Note – US markets will close early today at 1 pm ET.  

Market conditions remain favorable for adding long exposure. 

Two new positions were added to the model portfolio on Wednesday.  Both 1/3 positions in $CPNG and $MEDP. 

With $MEDP, we entered close to the 8-day EMA looking for the price to follow through to the upside next week.  If there is a pullback to the 20-day EMA, we may look to add some size to bring the position up from 1/3 to 1/2.

Unofficial Watchlist

• Longs – $MEDP (over Wed. high),$GFS (over Wed. high), $PDD – touch of 20ema
• Shorts –

Rick 

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

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