Category: The Wagner Daily – Archives

Per intraday alert, stopped out of $TSLA at 1,022 due to a nasty selloff that closed below the 20-day EMA. Look for $TSLA to hold 1,000 this week and reclaim the 20-day EMA.

$RBLX closed +28% higher in after-hours trading on heavy volume. Unless $RBLX breaks down pre-market, it should be a buyable gap-up on the open over the 1 or 5 minute high. This is not an official entry.

$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.

Watching $BROS $APP $S  $BILL $ABNB $PGNY 

$SKIN is not an official setup due to earnings just around the corner on 11/9. However, $SKIN is in play over the two-day high with a stop beneath Wednesday’s low, looking for immediate follow-through. If the breakout works one may be able to hold through earnings with a decent profit buffer. Generally speaking, we feel comfortable holding a full position through earnings with a profit buffer of 7-10%. If less than 5%, then we may have to reduce position size or exit the trade ahead of the report (depends on the type of stock and market conditions).

$PGNY has tightened up on the daily chart above the 50-day MA the past few weeks. Earnings are in the way on 11/4. For those who don’t mind taking a shot, $PGNY is buyable over the two-day high looking for the breakout to work right away to hold through earnings.

Not an official setup

$NVDA and $AMD were added to the model portfolio on Monday. $AMDs entry was via an intraday buy alert.

We liked the bullish reversal candle action in $NVDA after Monday’s lower open. Note that we plan to add over Monday’s high, which is about 2.5% above the high of the base (2-3% above the base high is a decent spot for and add…but 4-5% is a bit too extended).

Stocks closed out last week’s trading in bullish fashion with the Nasdaq Composite breaking out from its basing pattern and joining the S&P 500 at new highs. Both indices are trending higher above a rising 5-day EMA, which makes it a difficult market to enter if waiting for a pullback (a lockout rally).

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.

$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.

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’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.

$TSLA is still holding above the close of the gap-up day, which is a key level to monitor. Let’s see if the 1k level holds.

There is one new official buy setup for Wednesday in $APP. This is a swing trade based on the first pullback to the 8-day EMA in a strong uptrend. 

$APP also bounced off support of the prior base high and closed above the 8-day EMA for the second day in a row.

We like $APP for a swing trade based on Tuesday’s inside day. The entry is over the two-day high on the daily chart. $APP reports earnings on 11/10.