Shooter’s Trading Notes

A weekly piece by Scott “Shooter” Henderson that includes his weekly Risk Review of major markets and his top swing trading ideas.

We primarily make long trades in our VSL stocks and a handful of crypto assets. Short trades are generally used to hedge the long portion of our portfolios, not for outright speculation.

Make sure to adhere to a rules based approach to trading using technical indicators. And, we highly recommend trailing stops and/or stops at preset technical levels.

Follow along in chat if you are going to swing trade a portion of your account. We recommend starting with trading 5% or less of your total portfolio and no more than 20% even as you gain experience.

Risk On / Risk Off Index Notes

Plan to scale in with two standard deviations from

“Next Entry Window Long label”.

A view of the big indexes that give us a clue as to whether the stock market is more risk on or risk off.

SWING TRADE NOTES USER GUIDE

SPY Risk Off! Set-up: Primary Wave (4). How low will we go?

SPDR S&P 500 ETF Trust Weekly Chart
SPDR S&P 500 ETF Trust Daily Chart

QQQ Risk Off! Then we should flip back Risk On. Well that did not happen. Maybe the Speedline then?

Invesco QQQ Trust Weekly Chart
Invesco QQQ Trust Daily Chart How perfect was that back-test of my Speedline…..

IWM Risk Off! Then we should shift to Risk on! Its not shifted yet. Set-up: Primary Wave (2). Trigger: Daily. Should be a decent bounce off the Speedline though. Count measures to $242-247 maybe.

iShs Russell 2000 ETF Weekly Chart
iShs Russell 2000 ETF Daily Chart

DIA Risk Off! Ok then, Maybe $337 then we head for news high quickly.

Dow Jones Ind. Avg. ETF Weekly Chart
Dow Jones Ind. Avg. ETF Daily Chart

TLT Flat! Primary Wave (B), Sometimes you just need to smell the flowers so you can see the forest within the trees. The plan was (B) I’m just not in it.

iShs 20+ Yr Treasury Bd ETF Weekly Chart
iShs 20+ Yr Treasury Bd ETF Daily Chart

Shooter’s Swing Trade Ideas

Several of Scott’s conviction swing trading ideas from the VSL & ETFavorites, his own lists, cryptos and short ideas (which are never from the VSL which is a long-only list).

Set-ups

AAPL Mixed! Doe’s not look done to downside for me. Realize, if the market caves sooner or later Apple will as well. This toppy. We are basing which is good. The question do we go from here or from around $140?

APPLE INC

TIP Risk On! Breakout Candidate: Measure to $132.42, then $134.80 and beyond.

ATVI on watch for a Next Entry Long this week.

Term Disclaimers and Social Media

Please see Scott “Shooter” Henderson’s disclosures and terms of service for his swing trading ideas.

Follow Shooter on Twitter: @doplus