Commentary:
Per yesterday’s note, today’s Wagner Daily is an abbreviated version (Day 2 of maximum 7 annual days of no commentary). Regular publication will resume on Wednesday, July 14. Updated summary of open positions shown below. Also, as mentioned in yesterday’s Intraday Trade Alert, short-term traders may consider buying VXZ for a short-term pop, but this is not an “official” play.
Today’s Watchlist:
There are no new setups in the pre-market today. Our model portfolio is presently near its maximum buying power, so we’ll focus on managing existing positions for profitability, rather than entering new ones. With the broad market stuck in a widening range, there remains very little momentum out there. However, most of our positions are ETFs with a low correlation to broad market direction.
Daily Performance Report:
Below is an overview of all open positions, as well as a performance report on all positions that were closed only since the previous day’s newsletter. Net P/L figures are based on the $50,000 Wagner Daily model account size. Changes to open positions since the previous report are listed in red text below. Please review the Wagner Daily Subscriber Guide for important, automatic rules on trigger and stop prices.
- No changes to our open positions.
- On July 1, TLT paid a dividend of 0.31 per share. This additional profit has been added to both the “Points” and “Current P/L” columns (shaded in light blue to indicate dividend distribution included).
- Reminder to subscribers – Intraday Trade Alerts to your e-mail and/or mobile phone are normally only sent to indicate a CHANGE to the pre-market plan that is detailed in each morning’s Wagner Daily. We sometimes send a courtesy alert just to confirm action that was already detailed in the pre-market newsletter, but this is not always the case. If no alert is received to the contrary, one should always assume we’re honoring all stops and trigger prices listed in each morning’s Wagner Daily. But whenever CHANGES to the pre-market stops or trigger prices are necessary, alerts are sent on an AS-NEEDED basis. Just a reminder of the purpose of Intraday Trade Alerts.
- For those of you whose ISPs occasionally deliver your e-mail with a delay, make sure you’re signed up to receive our free text message alerts sent to your mobile phone. This provides a great way to have redundancy on all Intraday Trade Alerts. Send your request to [email protected] if not already set up for this value-added feature we provide to subscribers.
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Notes:
Edited by Deron Wagner,
MTG Founder and
Head Trader