In this presentation with The Compound and Friends, Brian Shannon explains what AVWAP is and its importance in trading. A trader’s job is to see the footprints left by institutions when they make large trades. Companies that guide down over the last couple of quarters are now reinforcing positive guidance, which is why companies are doing well relative to earnings. Brian explains that on his time frame, he doesn’t have to consider the market’s condition too much because there are opportunities in both rallies and declines.
Brian also gets personal and discusses how he lives close to Red Rocks Amphitheatre and discloses a band that he has been wanting to see preform there. Watch the video to learn more or click HERE for the video summary from Podcastnotes.org.