Hey, VWAPians!

As most of you are probably aware, I will be out of town today.

It’s a sad day when I don’t get to trade LIVE with you, but don’t worry…

The Money Morning LIVE crew has you covered, so be sure to tune in here.

But I’m not going to leave you without a little something from me as well…

Let’s take a look at Vinco Ventures (BBIG) from yesterday.

It was too beautiful not to relish.

Can I get a blue line to orange line from the back row?

Look at that chart…

Blue line to orange line

When it crossed the 1-minute VWAP (blue line), our target was staring us in the face at the multi day VWAP (dotted orange line).

And as you can see below… It didn’t take long to get there.

This wasn’t even the only move yesterday. It was the second potential trade actually.

You see that big spike up in the chart?

Sometimes it really is this easy

There was news about something or other (doesn’t matter because it’s all junk) that sent BBIG flying in the pre market.

We don’t concern ourselves with the specifics of the news though…

All we care about is the price action and VWAP.

News stories and press releases, especially in garbage stocks like BBIG, generally aren’t even “real.”

It’s some version of the truth made to help pump the stock up.

And that’s why we trade the chart and not the news itself.

Case in point… BBIG popped from 5 to nearly 6.50 in 30 minutes, and by the end of the day it was just about back to where it started.

So much for the “news.”

As much as this holds true time and time again, the fact that there was a news release is what interests us…

The news itself is a potential catalyst that creates increased trading volume and movement.

And that’s when VWAP goes to work for us… as seen in the charts above.

So we aren’t ignoring the fact there was news (or any other catalyst)… we are just ignoring the details of the news because they don’t really matter.

It’s all about the VWAP.

If you want to learn more about the “orange line to blue line”

I’m hosting a LIVE trading session next Wednesday Oct. 13 at 9:30 a.m.

But for this one, you need to register…

Click here to get yourself on the list for VWAP: Locked & Loaded

It’s going to be fun and informative… so don’t miss out.

Oh… and the orange line everyone is clamoring on about? There will be details.

As for today…

Don’t miss the Money Morning LIVE family keeping you on top of the markets… click here to tune in

Kenny “The Warlock” Glick


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