Happy Monday, VWAPians!
I hope you all had a wonderful weekend.
After last Friday’s special 1 p.m. ET session — where I CRUSHED IT, thankyouverymuch — I spent the evening with family and a few friends celebrating my 50th birthday!
Some of my Money Map crew – International Man of Mystery 8-Baller, Elizabeth, and Andrea
Now, if you don’t already know, I’ll once again be trading LIVE with you at 1 p.m. ET TODAY, but you can catch your first glimpse of me each morning at 8:30 a.m. ET on the Money Morning LIVE show right here.
Make sure you’re listening for my Warlock’s Watchlist on the 8:30 show, and then stick around from 9:15 to 9:30 a.m. ET for a 15-minute SNEAK PEEK of my exclusive Warlock’s War Room, before I spend the opening 90 minutes LIVE trading in my premium room.
Usually we’re stalking stocks that are making major moves each morning, often around an earnings report.
Last week we watched amazing VWAP moves around stocks like Bed Bath & Beyond (BBBY) and Avis Budget (CAR), and every day ended up being the BEST DAY EVER for VWAP traders!
And guess what, you guys? Earnings season is starting to wind down, but it’s far from over.
So today, let’s go over a few stocks that could pop up on my Warlock’s Watchlist around earnings this week — including a few recognizable “psycho stocks” you may have heard of — and 3 things I look for after earnings.
Psycho Stocks Head to the Earnings Spotlight
You can find a general earnings calendar at the bottom of the ThisIsVWAP.com home page.
It doesn’t feature every single public company set to report — we’ve just plucked some of the highlights and notable names.
It should also be noted that these dates are tentative — the best way to know when a company will report is to go to its Investor Relations page and look for a date.
BUT, it’s a great launching pad for creating your own Warlock’s Watchlist each morning, because as VWAP traders, you’re looking for stocks with VOLUME and liquidity.
Some of the stocks that could move on earnings this week
DIS will very likely be on my radar Wednesday afternoon during my special TRADE THE CLOSE session with Lifetime Warlock’s War Room members.
Otherwise, we’ll see a few medical stocks in focus on earnings, including Acadia Pharmaceuticals (ACAD), Jazz Pharmaceuticals (JAZZ), and AstraZeneca (AZN).
What stuck out to me, though, were the handful of “psycho stocks” on this week’s earnings calendar.
What I call “psycho stocks” others may call “meme stocks,” but basically these are some of the names that traders — especially the fresh-faced Reddit crowd — sent to exorbitant prices earlier this year, in the same vein as GameStop (GME).
Tonight, in fact, we’ll hear from AMC Entertainment (AMC) — an O.G. of Psycho Stocks — and Virgin Galactic (SPCE).
If you’re a big ol’ bitcoin fan or into cryptocurrencies, you’ll likely be watching Coinbase (COIN) after the company reports tomorrow.
Meanwhile, Beyond Meat (BYND) and Opendoor Technologies (OPEN) have both seen their fair share of massive moves on the charts in the past, and could come back into focus later this week.
Here’s what I’m looking for after a company reports earnings:
- Initial-reaction levels that could come back into play. These are levels I mark up on my charts based on candles made in after-hours or pre-market trading. I plot these in real time with my Lifetime Warlock’s War Room family around the close during earnings season.
- Stocks that report earnings and gap down usually find buyers. I’m looking for an ugly initial reaction at the open, and then a break back above the 1-minute VWAP, perhaps in a Dip & Rip or Checkmark of the Lord pattern. In these situations I’m looking to be a buyer on a post-VWAP-break rally.
- Stocks that gap higher at the open usually break back below the 1-minute VWAP and head lower. This could be a Finger of God pattern or the old Gap & Crap, but this presents an opportunity to play the short (bearish) side.
That’s all for now, but be sure to catch the 8:30 a.m. ET Money Morning LIVE show each day, where you’ll hear your first glimpse of the stocks that could be prime for VWAP hunting in the regular session.
And circle back again at 1 p.m. ET TODAY for another LIVE session with yours truly! It’s gonna be a good time…
Kenny “The Warlock” Glick
November 08 2021