I have been mentioning the volume weighted average price (VWAP) for about 8 years and a lot of people have picked up on the usefulness of it from a short term trading perspective. In addition to day trading, the VWAP is also quite useful as a measurement of average price “since an event” The two … Read More
It is too early to make the call that the bullishness is over with the markets remain above the Volume Weighted Average Prices (VWAP) since the rally began on the 10th (blue horizontal lines), but there are clear reasons to be cautious. Breaking those VWAP levels (which are constantly changing with new data points) would … Read More
The Qs have dropped down to the 2 day VWAP on volume which is significantly less than it rallied on. The market is also just above the 50% retracement of the Low to High from yesterday. This is only a level of POTENTIAL support, not a level to buy. When markets reach a potential level … Read More
When buying pullbacks, you do not want to buy on weakness because disasters like DFS can happen. Instead you want to monitor the pullback, wait for buyers to regain control the buy with a stop below recent lows. DFS may be stabilizing here, but it looks like the short sellers are defending their position aggressively.
four days ago, NetSuite Inc.(NYSE:N) had an excellent run. Now the stock is experiencing a little profit taking and the best level of support for the stock appears to be near 32.75-33.25 which is the location of the 61.8% retracement level of the rally. That level is also where the Volume Weighted Average Price (VWAP) … Read More
for control is unfolding at the 2 day VWAP52.04 in QQQQ150.18 in SPY77.93 IWM
Yesterday I showed a video of a scalp short in VMware, Inc. (Public, NYSE:VMW) The account I traded it in has some excellent tools for order execution and I received a lot of feedback from people who thought the tools would help their trading. More advanced trading tools will help a lot of traders, especially … Read More
Volume Weighted Average Price (VWAP) People often wonder why the trading volume slows so dramatically during the middle of each trading day. The most common explanation for the midday inactivity is that it is lunch time and while it is certainly part of the reason, it is not as though the specialists and market makers … Read More
as support? and then the shorts get squeezed into the close?You’ve got to be quick and honor your stops!
is the stock a buy here?I’m giving it a shot at 40.86 stop 40.57Of course there are no stops in after hours, it is a mental limit only. This will be a quick trade, I am not looking to hold overnight. **UPDATE**sold half 41.10 and getting clost to pulling trigger on the balance, the stock … Read More