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 industry? Kenny Glick, owner of HitTheBid.com, joins Yahoo financial’s Jared Blikre for the latest episode of shares in Translation to discuss the state of the industry and break down some of his funding strategies. Glick explains how he uses volume-weighted average price (VWAP) as a trading approach and how early investors can use the metric to inform their own strategies. He notes that earnings season is usually a catalyst for the industry, 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 industry is quite often bought.”
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