Don’t deviate from VWAP

[This Is VWAP] Friday, July 15, 2022 [New Phenomenon Driving Hugely Profitable Surges]( Robinhood to Reddit, there's a new breed of trader buoying the market... and their massive speculative surges are placing unheard-of money up for grabs. Every second of every day, $11 million is coursing through the markets. And get this: Tom Gentile's just perfected a strategy that lets anyone reach in and skim cash right off the top. [Watch this.]( --------------------------------------------------------------- Don’t deviate from VWAP By Kenny Glick Hello, VWAPians! The Warlock - Kenny Glick - here. [Click here for today's Warlock's Watchlist]( Every day in Warlock's World is groundhog day. Why do I feel like I've said that before? Yesterday was eerily similar to Wednesday. The market was gapped down on major economic data, then recovered to the upside. In fact, my favorite stock, the QQQ Invesco Trust (QQQ), finished with a slight gain on the day, adding 0.36%. That was after opening down BIG. If only someone just mentioned this kind of market reaction to news... [Oh, that's right. I did.]( If you paid attention to the most recent edition of this newsletter, you may have even profited on yesterday's move. I wanted to share something I noticed about yesterday's QQQ chart with you that could help you in your VWAP trading journey. When you join Warlock' World, you receive a special code for the Think or Swim trading platform that gives you my exact chart setup. If you can't access Think or Swim, we also have a workaround for the free charting service TradingView. But the chart above is from Think or Swim. You may recognize the blue line, or 1-minute VWAP, and the orange line, or multiday VWAP. But what about those gray lines? Those are standard deviations of VWAP, and they are included in my VWAP code from Solid. While VWAP acts like a magnet, the standard deviation bands can almost be thought of as momentum indicators, which can tell you when a stock is overbought or oversold. On my charts, there are 2 standard deviations, which can provide a wide range of support and resistance for prices. For example, look at the white arrows on the chart above. Price action was below VWAP, and nearly each time the stock approached the lowest standard deviation, the QQQ share price recovered to the upside. Conversely, look at the green arrows. The QQQ share price struggled to break out above the second standard deviation to the upside. Remember, VWAP trading itself provides an opportunity to profit from mean reversion - because VWAP acts like a magnet. You can think of standard deviations of VWAP as smaller, less powerful magnets. Price has a much easier time moving above and below these bands, and they are less significant overall than VWAP (of the multiday), but they shouldn't be ignored. Standard deviations of VWAP aren't always as blatantly significant as they are on this chart, but keeping them in mind in conjunction with price action is just another way members of Warlock's World can widen their trading arsenal. [Click here to continue reading today's ThisIsVWAP newsletter]( Kenny "The Warlock" Glick --------------------------------------------------------------- You are receiving this e-mail at {EMAIL}, as part of your subscription to This Is VWAP. To remove your email from this list: [unsubscribe here]( or manage your Money Map Press [Email Preferences](. To cancel, or for any other questions or requests, please contact our Customer Service team: [Online]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: This Is VWAP | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday ‑ Friday between 9:00 AM and 5:00 PM ET. © 2022 Money Map Press. All Rights Reserved. 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