The Warlock – Kenny Glick – here.
Last week during my Warlock’s World live streams, I was on the hunt for the one trade that’s been my bread and butter this year.
I’ve been saying this all year – I’ve never seen a market environment where this trading strategy has worked so well.
In my opinion, it’s the only strategy you should be focusing on.
In fact, if you haven’t yet unlocked the power of Warlock’s World and VWAP for yourself, I have to ask…
While the market either bleeds out or trades sideways, my Warlock’s World community has had massive success trading a list of unsuspecting names.
To the true VWAPian, what a company actually does is irrelevant.
All a stock symbol is to me is a collection of letters.
My trading strategy takes all the financial metrics – price to earnings ratio, book value, revenue, earnings per share – and tosses them in the garbage.
All we care about in Warlock’s World is chart setups and volume.
In fact, some of the best trades that we had last week were some of the worst companies on the market.
And some of the best companies?
Those “inflation proof” companies?
Sector rotation stocks?
Blue chip companies?
In Warlock’s World, those really don’t even matter.
There’s a ton of big name stocks reporting earnings this week.
But they don’t matter.
Some big names that report earnings this week include Walmart (WMT), Home Depot (HD), Target (TGT), and Lowe’s (LOW)…
Let’s take a look at the share prices of some of the big names reporting earnings this week…
- Walmart (WMT) – $148 per share
- Home Depot (HD) – $296 per share
- Target (TGT) – $219 per share
- Lowe’s (LOW) – $194 per share
While these are big, notable companies for the health of the economy and market in general, those share prices can make it difficult to trade these companies with any kind of significant size.
Compared to the share prices of some of the stocks my Warlock’s Worldcommunity traded last week…
- Redbox (RDBX) – $2.68 per share
- Veru Inc (VERU) – $13 per share
- Peloton (PTON) – $15.87 per share
- Plug Power (PLUG) – $15 per share
These aren’t anywhere close to “good” companies. But for one share of HD, I could trade over 100 shares of RDBX.
In fact, the entire Money Morning LIVE crew has been highly critical of how overvalued Peloton (PTON) – a Cathie Wood favorite – has been for a while.
And this is coming from the man who called the Cathie Wood top.
But just because I have an opinion about a stock doesn’t mean that I won’t trade it.
As VWAPians, we take what the market gives us.
If a crappy company like Beyond Meat (BYND) has volume and is rocking, there’s no reason why I don’t trade it.
BYND or PTON of AFRM can be overvalued all they want. I’ll still trade them to the upside if the price action and VWAP confirms that idea.
As 8-Baller says – “Don’t focus on being right, focus on making money.”
And what we do in Warlock’s World is MAKE MONEY.
Join me in extracting profit from a crazy market.
This is the single greatest trading market that I’ve ever seen, and you need to be with me before it’s too late.
That’s all for now, VWAPians!
Kenny “The Warlock” Glick
May 16 2022