Hello there, VWAPians!
What a whirlwind week already, and we’re not even halfway through.
After Monday’s missed opportunities, I went back to the well of what works best for me on Tuesday.
And for me, it was time to remind everyone EXACTLY who I am – The Warlock.
Bask in my Warlock glory
Instead of lamenting about all the coulda woulda shoulda‘s from Monday, I got back on the horse and rode that thing until the wheels fell off.
You should have seen it, Blanche.
No really, you SHOULD have seen it, because you SHOULD be a full fledged VWAPian by now and trading with me in my Warlock’s World every day.
Okay, maybe you join me every morning at 8:30 a.m. RIGHT HERE for Money Morning LIVE.
And maybe you’re savvy to my INSANE schedule and pop into the big room for my afternoon sessions, such as today at 1 p.m. in the BIG ROOM.
But to really get to know me, and to get to know the trades we’re tackling as VWAPians, you NEED to join my Warlock’s World.
If you haven’t already pledged fealty to the Warlock, I’m going to walk you through just a part of my day on Tuesday.
And I’m doing it through pictures so there’s NO EXCUSE.
So the first visual aid I want you to latch onto is this absolute doozy.
Be there or be square, Blanche.
On Wednesday, the Federal Reserve will release their latest statements regarding the market and potential revisions to economic policy.
Whenever the Fed does so much as sneeze, it brings an unusual amount of volatility to the market.
While I usually love volatility as much as Mark Sebastian loves the CBOE Volatility Index (VIX), this can make the market choppier than streaming your favorite show from one of those *ahem* unsavory websites.
So to make sure that no VWAPians get chopped up, my brother 8-Baller and I will be hosting a special session TODAY at 2 p.m. in the BIG ROOM right here.
To make sure you aren’t crying from getting chopped like an onion, make sure you join us for this special meeting.
Now, on to the slideshow…
I wanted to walk YOU through just a part of my Tuesday, just in case you haven’t already made the best decision of your life and joined my Warlock’s World.
I started my day with Mark, Voz and the gang over at Money Morning LIVE.
Impressing Voz with my Warlock accouterments.
Then I chatted with Garrett Baldwin a little bit about the risk management benefits and how helpful VWAP can be for first time traders. But we’ll dive deeper into that topic really soon…
Making Garrett laugh with my Warlock powers.
By the time I was done wowing Money Morning LIVE, it was time to hop into my sanctum, my Warlock’s World.
The first thing I did is link up with my broadcaster Eric (aka Bababooey) and make sure the perimeter was secure.
Lock and load.
Next, it was time to set up my scanners for the day. There were a slew of stocks that reported earnings, and I didn’t have time to look at each individual chart.
Adding stocks that reported earnings to my scanners for the day.
There’s too many stocks for me to watch all of them at once. So I add them to a scanner that will let me know when these stocks hit a new high or low for the day.
Almost immediately, I found a VWAP trade from a stock that had reported earnings.
JNJ reported earnings January 25
This was a quick trade, as Johnson & Johnson (JNJ) showed heavy buying volume as the market opened. But there’s nothing wrong with picking up nearly $3 per share in a little over 5 minutes. On 1,000 shares, that’s a quick $3,000 in profit. NICE!
Then, I turned my attention to a stock that had not reported earnings.
DWAC broke VWAP on January 25.
Digital World Acquisition (DWAC) broke VWAP, broke the premarket high, and was off to the races! The VWAP break from around $66 topped out at nearly $70! On 1,000 shares, that’s $4,000 in profit!
From there, someone in chat mentioned another stock, Kohls (KSS).
KSS broke VWAP on January 25.
LOOK at this move! Do you see it? Do you recognize it?
That’s the crowd favorite “Kardashian Bottom“ formation into a VWAP break!
Now it may not seem like much at first, but if you got in at that VWAP break around $62.50, and sold out of your position into the move, there was potential to profit $1 or more per share. On 1,000 shares, that’s $1,000 profit!
Ok, so far that’s THREE trades that could have bagged $12,000!
At that point your LIFETIME Warlock’s World subscription is paid for TWICE. And there’s still some leftover to go to Sizzler.
Which brings us back to the beginning, where VWAPians everywhere BASK in my glory.
Are you not entertained?
And that’s just a PART of my Tuesday, Blanche!
Now, let me ask you, after a day like that in my Warlock’s World, what was even moping about on Monday?
See? I can’t remember either.
Sometimes it’s best to just dust yourself off, get back on your horse, and ride like hell.
That’s all for now, VWAPians!
Don’t forget to join me in the BIG ROOM at 1 p.m. AND you BETTER be there again at 2 p.m. ET with me and 8-Baller as we talk and trade around the Fed meeting!
I’ll see you in the room!
Kenny “The Warlock” Glick
January 26 2022