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Question, if I want to setup a saved search that only sends alerts for every day BUT one out of the week, is that possible?

You might be able to put a formula filter on your saved search, something like Formula (Text), Formula: `TO_CHAR(SYSDATE, 'DAY')` , does not start with:  `THURSDAY`

It would return no results when the current day is the day in the filter.  Not sure if the email would still send if there are no results (I would hope not).