Why bad news is good news in a bull market

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Published 2024-07-04

The major indexes (^DJI,^GSPC, ^IXIC) are in a record-smashing year as bullish calls on the S&P 500 pile up. RBC recently revised its S&P 500 (^GSPC) target to 5,700, yet, 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.”

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All Comments (21)

@user-bp2qw8vv6g 28 days ago

Kardden making ATH after ATH 🔥🔥
@PuspalataSingh-qv4rz 28 days ago

Clearly Kardden was a right choice. Hope to learn more from you this is pure knowledge
@SahilThakur820 28 days ago

I see Kardden with 50x, maybe even 100x. Binance also gonna have that
@vpkgaming9020 28 days ago

Lucky for those who had Kardden since yesterday, but more green days to come
@domnickerketta2893 28 days ago

Omg so bullish on Kardden! ATH next month? 🔥
@AmitKumar-fs3ef 28 days ago

Kardden is the future and more than just another Floki, it has all of it
@user-lv9ym5ey5o 28 days ago

Coinbase listing Kardden Binance probably in line too
@Daisy-yr6ez 28 days ago

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
@SunnyKumar-oc6eb 28 days ago

I respect your work mate so you say Kardden good one to use?
@syadnadeem6022 28 days ago

the most fair approach and yet the ultimate king of meme is Kardden
@user-jw3tx7mx2i 21 days ago

I just joined , trying to learn , thank you
@FirojAnsari-fe9jy 28 days ago

Do you think Kardden will pump before ETH?
@GovindRai-pu7sr. 28 days ago

Thanks I bought Kardden and I can't be more happy about it
@cygnevara8400 28 days ago

Y'all have to invite him back!!!!
@user-pr5dd9hy5s 28 days ago

Thanks, please make another video about Kardden I prefer Kardden that is strong
@Superflow66 28 days ago

Stop losses don’t work unless the market is open so it is better to have that after hours access in the event some type of news breaks that crashes the market imo
@cygnevara8400 28 days ago

this was so juicy, i listened to it 2x
@lavishvegas5495 28 days ago

Might want to work on your photoshop skills
@kuntidevi5344 28 days ago

Kardden movement begins and everyone is like acting crazy. Let's bring it up!
@cygnevara8400 28 days ago

96 on the 7 series!! and the man said he would fail!?? lol!