Like many stocks I trade, I have no idea (or interest) in what $BGC does to justify themselves as a company. I am a trader of stocks and this stock looks interesting as a swing trade candidate. If I was an investor, I would look at that 2 year inverted head and shoulders pattern and … Read More
The password to this video is “vwapmagic” VWAP Overview for Alphatrends Subscribers from Brian Shannon – Alphatrends on Vimeo.
Volume Weighted Average Price (VWAP) “from an event” often gives us valuable insight into the psychology of the market. For recent IPO’s, I find the VWAP from issue date is often a key level to be aware of as potential support or resistance. Last week I pointed out the potential for resistance in $BABA near … Read More
The %TLT is clearly in a downtrend and odds do not favor a purchase but there are reasons on the chart below to think this is a potential area where support will be found.
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