Navigating the Market with Kenny Glick: A Discussion on Investment Strategies and Market Trends
The major indexes (^DJI, ^GSPC, ^IXIC) are having a record-smashing year as bullish calls on the S&P 500 pile up. RBC recently revised its S&P 500 target to 5,700, but the analyst behind the call noted growing risks of a near-term pullback. So how should investors play the market?
Kenny Glick, owner of HitTheBid.com, joins Yahoo Finance’s Jared Blikre for the latest episode of Stocks in Translation to discuss the state of the market and break down some of his investment strategies.
Glick explains how he uses volume-weighted average price (VWAP) as a trading strategy and how early investors can use the metric to inform their own strategies. He notes that earnings season is usually a catalyst for the market, and contrary to popular belief, weak earnings could be a good thing: “I like to see bad news because bad news, you have what we call the gap down. And the gap down in a bull market is quite often bought.”
For more insights from Kenny Glick and to learn more about Stocks in Translation, be sure to check out the full episode on Yahoo Finance.