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 … Read More
Shares of Apple ($AAPL) are still in a downtrend and the short video below outlines a potential scenario for a move down towards 415-420.
Shares of Facebook $FB broke past the high since the gap lower in late July at 2454 and now some people are considering buying the “breakout” Before putting your money at risk as these two questions. 1- Where has the stock come from? FB has … Read More
The $SPY has shown a premarket low of 128.64 which is just above 200 day moving average (currently at 128.59). The market has also broken below the volume weighted average price (vwap) from the October low through yesterday’s close, this indicattes that the average long … Read More
We have seen this market blow past every single level of “support” in the last two weeks. True support is only known in hindsight which is why I always refer to it as “potential support” levels. So does that mean we shouldn’t attempt to look … Read More