Hey there, VWAPians!

This is by far the best trading I have ever seen.

Even on a semi-boring day like Tuesday, bearish traders who obeyed the VWAP had a monster day crushing AMC Entertainment’s (AMC) earnings reversal to the downside.

But even earnings took a backseat to shorting some of the hottest stocks on earth, like Robinhood (HOOD) and Moderna (MRNA).

The craziest thing of all, though?

I did something yesterday that I rarely EVER do… In fact, I usually preach AGAINST doing it, simply because it’s so dangerous…

I shorted the Qs and lived to tell the tale, and YOU watched me do it LIVE! (If you didn’t watch me LIVE, first of all – shame on you, because everything I say is important! But really, find all my replays right here, no sweat, and catch me here at 9:30 a.m. ET each day.)

^^I look like I could use those Depends we talk about so much in the room

Now, I want to go over some of the stocks on my daily Warlock Watchlist today, including the extremely RARE VWAP event on my radar – on one of my favorite stocks of 2021, to boot.

Plus, I’m issuing an official BOLO (Be On the Look-Out) for a stock market warning sign that could mean trouble ahead, as well as tips on navigating the chop.

BTU’s Big VWAP Moment

Peabody Energy (BTU) has been on my Go-To Warlock Watchlist for some time now, because it’s the trade that just won’t quit.

We were banking BTU back in July, too

And today, the stock is on my radar because it’s about to do something pretty rare and cross back above its lifetime VWAP.

Just as a significant cross above the 1-minute VWAP that I usually trade around signals short-term buyers are in control, a significant cross above a longer-term VWAP underscores longer-term strength.

That’s not to say I’m looking to INVEST in BTU, because you know very well that I’m a day trader who fears commitment!

But I do always say, “When in doubt, zoom out” – and no matter which way you zoom out on BTU, the longer-term momentum shift is clear.

Monthly chart of BTU – courtesy of ThinkorSwim (TOS)

AMC, Other Stocks On Watch Today

Of course, as a day trader who has to act quickly, my daily Warlock Watchlist is always evolving, so the best way to know exactly what I’m watching is to WATCH ME stalk them LIVE at 9:30 a.m. ET each morning!

And you can even get a sneak peek of what I’m hunting in pre-market hours by catching me on Money Morning LIVEeach day at 8:30 a.m. ET right here.

In fact, my (muuuch less famous) castmates and I are having a very special PRIMETIME EVENT at 7 p.m. ET this Thursday, and I’d love it if my VWAP tribe could be there! You can register for the event by clicking here, and you gotta trust me when I say we’ll be giving away some VERY cool stuff.

Absolute legend
That said, for today, consider AMC another MUST-WATCH after yesterday’s earnings reversal.

Otherwise, Orphazyme (ORPH) is back on watch, and the following stocks could catch my attention on a significant enough move today:

  1. Nio (NIO)
  2. eBay (EBAY)
  3. Wish (WISH)
  4. Clover Health Investments (CLOV)
  5. Blink Charging (BLNK)
  6. Hydrofarm Holdings (HYFM)
  7. Rocket Companies (RKT)
  8. Gevo Inc (GEVO)

But most notably…

Beware the UVXY

As alluded to earlier, there’s a potential caution flag waving for bulls right now, in the form of the ProShares Ultra VIX Short Term Futures ETF (UVXY).

The UVXY is a derivative of the Cboe Volatility Index (VIX) – which is Wall Street’s “fear index,” and something my Money Morning LIVE castmate Mark Sebastian lives and BREATHES.

In a nutshell, when UVXY starts going higher – WATCH OUT.

UVXY shares were literally DESIGNED to trend lower, so when I see this exchange-traded fund (ETF) doing things nature did not intend, I know the bears are in control.

If we see this ETF starting to NOT suck, consider that a warning sign, especially after we made money shorting QQQ yesterday.

The best way to navigate this chop?

Stay nimble in your day trades – and go into everything with a clear exit strategy in place.

And remember – “nothing” is a respectable position, if it feels too risky for you out there.

Keep an eye out for UVXY, and be safe.

See you in the room!

Kenny “The Warlock” Glick


3 responses to “Stocks to Watch Now; Plus, BOLO for This Market Warning Sign”

  1. Great job Kenny. I’ve been watching your live trading since last week and have learned quite a bit. I want to thank you for taking the time to offer “us” the opportunity to become knowledgeable day trading the “VWAP”. Thank you.

  2. Thank you Kenny for being so awesome, and sharing VWAP with us!

    I am a VWAP BELIEVER! =)


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