Protect Your Portfolio With VWAP
Hello there, VWAPians!
Today’s live stream was a DOOZY.
With a little extra time in the BIG ROOM, I had a chance to show even more traders what they could expect to experience once they join the Warlock’s World community.
I kicked things off by taking a look at Voyager Therapeutics (VYGR).
This stock set up almost exactly like Appharvest (APPH) did yesterday.
After consolidating under the $5 per share level shortly after the market opened, I let viewers know that a break of this level could move up to $5.12, or an eighth of a point.
What do you know, VYGR hit that level mere minutes later, touching $5.15.
Guess what VYGR was?
A stock that had reported earnings breaking VWAP.
This is the trade that has been a consistent winning trade for Warlock’s World members in 2022.
Next, it was time to revisit my recent best friend (and nemesis) Peabody Energy (BTU).
BTU remains on my watchlist since I’ve been able to go back to the well multiple times on this stock recently.
I’ve been a fan of BTU for a while, and the recent run on energy stocks has pushed BTU higher and higher.
But if you came in long options like I was, you were screwed. This is part of the reason why I hate swing trading.
But you can trade around your long position.
BTU has remained ripe for a revisit
After consolidating above VWAP, I let my Warlock’s World members AND the folks in the BIG ROOM know that BTU could move higher if breaking double top resistance at $22.93.
BTU broke through this level, eventually reaching $24.43 before losing its upward momentum.
That’s a 6% move on a $23 stock. Warlock’s World members know that I’ll take that kind of move EVERY DAY.
And I did it LIVE.
Next up was Rivian (RIVN). And this stock presented multiple opportunities for successful trades.
RIVN was the gift that kept on giving
The VWAP break at 9:42 a.m. ET took the stock from $40.81 to $43.37 five minutes later.
RIVN then faded back under VWAP and tried to shake out the longs. This pattern is otherwise known as the “Fo Sho Bro”.
The second VWAP break at 10:10 a.m. ET moved the stock from $41.50 to $44.12.
And yes, I’m reaching out to show YOU what you’re missing by not being a member of my Warlock’s World community.
But also, all of these trades show the power of VWAP.
The market has been taking a beating lately. We’re not in the Fed bull market from hell anymore.
Here we are sitting in cash, treating the market like it is – a corrupt, manipulated casino.
Do you want to sit around and be a victim to CNBC or Goldman Sachs or Cathie Wood?
Goldman came out on December 27th and basically said “Please don’t sell, load up on the market going into the new year.”
And look what’s happened since.
The S&P 500 Index (SPX) is down 12% since the start of the year.
The Invesco QQQ Trust (QQQ) is down 19% in that time frame.
Even the Dow Jones Industrial Average (DJX) is down 10%.
Traders who listened to these cheerleading bull market morons are watching their accounts bleed out.
But not me and not members of Warlock’s World.
All we’re doing is trading VWAP. That is the only trade that we do.
Liquid and loving it.
That’s why I mentioned that trading around stocks that have reported earnings and broken VWAP hasn’t been a losing trade in 2022.
Don’t give in to the CNBCs or Goldmans.
Join me in my Warlock’s World, learn to trade VWAP, and protect your portolio.
That’s all for now, VWAPians!
Kenny “The Warlock” Glick
Comments
March 08 2022
Leave a Reply