Selasa, 06 Oktober 2020

Bow To The VWAP

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Good Morning, Bullpen

The President is back in the White House after being diagnosed with Covid-19, tech guru John McAfee was arrested in Spain for tax evasion, and Hyundai is hoping to have flying cars zooming around in a decade.

How do you trade the news?

As Kenny Glick likes to say…"No matter what the news is, VWAP is more important...BOW TO THE VWAP"

If you're not sure how to trade the VWAP, you need to be in the Bullpen when the market opens. If you were with us this morning, you saw this setup on DraftKings (DKNG):

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DKNG came off the 1-minute VWAP (blue line) and hit its head on the multi-day VWAP (yellow-dotted line) just to return to the 1-minute VWAP.

The question is, what happens next? Does it bounce off the VWAP and test the multi-day again? Or does it break the VWAP and head lower?

If you've been in the Bullpen, you know that Kenny trades this setup every day and makes his days pay before his kids roll out of bed in the morning.

Don't miss your chance to trade this setup and make YOUR DAY'S PAY.

Let's plan, be smart, and make money today.


See you in the Bullpen at 8:20 am EST.

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8:20-8:30 AM:
Wake Up Call with Ben Sturgill

8:20-9:00 AM:
Morning Movers with Hitha Herzog

9:00-9:30 AM
In The Zone with Jeff Williams

9:30-11:30 AM
Live Trading with Kenny Glick

11:30-12:30 PM
Energy Trading for Cashflow with Dave Lukas

12:30-1:00 PM
Live Training with Ben Sturgill

3:00-4:00 PM
Power Hour with Kenny Glick

*All times are Eastern.

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  • BNTX - Company initiated a rolling submission to European Medicines Agency of its COVID vaccine, in joint development with Pfizer, after encouraging results from early clinical and pre-clinical trials. Shares are up 10% pre-market.

  • AYX - Company appointed a new CEO and increased it's Q3 sales guidance from $111-$115m to $126-$128m. Shares are gaining around 25% pre-market.

  • IOVA - Company is postponing the submission of its Biologics License Application for Metastatic Melanoma therapy till 2021, after disagreements with FDA over therapy's assays. The stock is down over 20% pre-market.

  • IPOC - A Bloomberg report came out suggesting that Google-backed Clover Health will go public through a reverse-merger with IPOC. Shares are up ~8% pre-market.
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Before Market Opens:
Paychex Inc (PAYX) - Consensus EPS $0.547, Revs $895.24M


After Market Closes:
Landec Corp (LNDC) - Consensus EPS -$0.132, Revs $127.33M
Levi Strauss & Co (LEVI) - Consensus EPS -$0.22, Revs $822.33M

See you soon in the Bullpen,

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Hitha

Also - if you want to see additional programming - we're listening… and we're looking to evolve the room with our amazing family of Raging Bull readers.

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