Trust the Gospel of VWAP
Last week, I think I had my BEST week of trading EVER. Every morning I’m CRUSHING the world. You’re doing yourself a disservice if you’re not JOINING ME in my Warlock’s World, where I preach the gospel of VWAP.
My week starts EXACTLY at 8:30 a.m. ET on the Money Morning LIVE show right here. This is where I review my Warlock’s Watchlist for the day, then give a 15-minute SNEAK PEAK look into my exclusive Warlock’s World from 9:15 to 9:30 ET.
Then I crank it up to 11 (or 12, sometimes 13!) by LIVE trading VWAP in my premium room for the opening 90 minutes of the market.
Monday we capitalized on a great VWAP trading opportunity with Tyson Foods (TSN) based on earnings. While earnings season may be winding down, there will still be some HUGE opportunities with companies like Nvidia (NVDA) and Walmart (WMT) reporting this week.
You can find all the stocks that I’m watching around earnings by checking out the earnings calendar near the bottom of the ThisisVWAP.com homepage.
Lifetime members of Warlock’s World should pay close attention, because I’ll be having another SPECIAL EARNINGS SESSION near the market close this Wednesday, Nov. 17.
On Monday we saw a textbook example of the sheer POWER of VWAP… which I’ll break down right now.
In the morning I mentioned I was looking at Creative Realities (CREX) for a potential “Psycho Stock of the Day.”
Tickers are just letters to me, and I particularly like ’em when they include an “X.” Don’t ask me why.
Like I said: I kept my eye on it.
And just LOOK at what happened next (the look of CONVICTION on my face says it all):
I had marked the intraday high of CREX at $2.78. The stock consolidated under the 1-minute VWAP (blue line), testing it several times.
Around 11:30 a.m. ET, CREX BROKE ABOVE the VWAP, then BROKE the intraday high. This is when I made my entry.
And look what happened next: A YUUUUUUUUGE green candle breaking out to a new high.
This is a great example of PATIENCE SEPARATING THE WINNERS FROM LOSERS.
This is PATIENCE. This is WINNING. This is VWAP.
Don’t miss me trading LIVE at 1 p.m. ET on Monday, Wednesday, Friday this week, and EVERY DAY right here in my Warlock’s World at 9:30 a.m. ET.
So you can catch me DAILY at 8:30 a.m. ET here on Money Morning Live.
You can catch me DAILY in my Warlock’s World at 9:30 a.m. ET.
You can catch me Monday, Wednesday, Friday at 1 p.m. ET THIS WEEK right here AND Lifetime members can catch me for a SPECIAL EARNINGS SESSION this Wednesday, Nov. 17 in the Lifetime-only Warlock’s World room around the closing bell.
With SO MANY ways to WATCH and LEARN the ways of VWAP, you got no excuse, pal!
So get in here, and let’s have the NEXT best week of trading EVER.
Kenny “The Warlock” Glick
November 16 2021
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