Why I LOVE Earnings Season (And You Should Too)
Hello, VWAPians!
It’s my favorite time of the year again…
EARNINGS SEASON.
Yesterday and today officially kicks off a flood of stocks reporting earnings for the fiscal first quarter.
And I couldn’t be more excited.
Why?
Because earnings season is when my VWAP trading style works best.
That means that RIGHT NOW is the most important time to be a part of my Warlock’s World and know HOW to capitalize on all the VWAP trading opportunities.
So while you may have heard me say that the 1-minute multiday VWAP reversal is my favorite trade but don’t quite understand what that phrase means…
NOW IS YOUR CHANCE TO GET CAUGHT UP.
Take for example, one of my Warlock’s World members, who attended the last Saturday class…
I’m very, very proud when I hear stories like this
It’s moments like this that really hammers home that I’m onto something special by teaching traders how to navigate earnings using VWAP.
This is the trade that single handedly saved my trading career.
And Saturday, April 16th from 12 to 3 p.m. ET could be the jumping off moment of saving yours.
CLICK HERE FOR FULL DETAILS OF DEFINE YOUR TRADE, SATURDAY APRIL 16TH.
To prove my point, VWAP has even opened the eyes of big brain scholars such as Garrett Baldwin…
Garrett’s eyes are open to the truth that is VWAP
The point that my esteemed colleague is trying to make is that on a casual glance, it looks like Bed Bath and Beyond (BBBY) is down after reporting earnings.
Meanwhile the BBBY chart tells a different story…a potentially profitable story.
BBBY with a 1-minute multiday VWAP reversal
The chart above is the 1-minute chart of BBBY yesterday.
You see that blue line? That’s VWAP – Volume Weighted Average Price.
And I’m convinced that it’s the only trading indicator you’ll ever need.
After BBBY reported earnings in the premarket, the stock price dropped below VWAP.
Then right after the market opened, BBBY broke VWAP, and rose above that dotted orange line.
The orange line is mulitday VWAP – exclusively available to members of my Warlock’s World.
Multiday VWAP is roughly an average of the prior day’s VWAP and the current day’s VWAP.
There’s a bunch of math mumbo jumbo involved, but that doesn’t really matter.
When a stock breaks VWAP, I start to look at multiple time frame VWAP, as price historically revisits significant levels.
When a stock goes from the blue line to the orange line, I refer to it as a 1-minute multiday VWAP reversal.
Which has been the most consistently winning trade of my career.
Let’s zoom in and take a closer look at that first move.
BBBY broke VWAP at 9:35 a.m. ET
BBBY broke VWAP at 9:35 a.m. ET, at $16.08 per share.
Seven minutes later, at 9:42 a.m. ET, BBBY hit the multiday VWAP at $17.31.
On 1,000 shares, that’s a potential $1,230 in profit.
A little bit later in the day, BBBY offered another huge opportunity.
BBBY, blue line to orange line again
BBBY pulled back, consolidating under VWAP.
The stock broke VWAP to the upside again at 10:54 a.m. ET, at $16.83 a share.
BBBY then screamed upward, breaking through the multiday VWAP (orange line), topping out at $18.63 per share at $12:08 a.m. ET.
On 1,000 shares, that’s a potential $1,800 in profit!
I’m not trying to illustrate how Garrett Baldwin is an incredible trader – that’s a known fact already.
The point I’m trying to make is that THIS is EXACTLY what my upcoming Saturday class is ALL ABOUT.
The point I’m trying to make is that if none of what I just said about trading BBBY made sense to you – then you HAVE to join me on Saturday.
Because this is just the beginning of earnings season.
Over the next two weeks, there’s over 500 stocks reporting earnings.
Don’t you want to be prepared to profit on these kinds of INSANE moves?
Once I cram all my VWAP knowledge into your head, instead of looking at this:
And saying “Wow, BBBY is down after earnings”…
You’ll be looking at THIS:
And saying “Wow, that is a couple of juicy VWAP breaks that could have HAD ME PAID.
Remember, those two trades had potential for a total of over $3,000 in profit!
That could have paid for your entire annual subscription to my Warlock’s World…
Sound familiar? Remember this guy?
Join me this Saturday and this could be you.
CLICK HERE TO RESERVE YOUR SEAT TO DEFINE YOUR TRADE, SATURDAY APRIL 16TH.
I’ll see you there!
Kenny “The Warlock” Glick
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April 14 2022
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