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

Continue to scale in!

“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.


SPY Mixed! Could go either way.

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

QQQ Flat! Could go either way. USD could become a tailwind this week.

Invesco QQQ Trust Monthly Chart
Invesco QQQ Trust Weekly Chart
Invesco QQQ Trust Daily Chart

IWM Risk On! Primary Wave 4 Set-up and 90 minute trigger. Targets $274 2nd or 3rd quarter 2022.

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

DIA Risk On! Still thinking $371.67. Keep in mind it should fade afterwards for a few weeks and then head for all time highs.

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

TLT Flat! Lets see if the 50 holds then we should be good to get a toe back in the water.

iShs 20+ Yr Treasury Bd ETF Monthly Chart
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 & Continuations

CSCO Buy the breakout add on the back-test. Should not close below the 8 day now.

MP Any back-test of the Gap should relaunch the breakout with Omicron waning. I like Jan $50 call and July. Should also be safe to sell the monthly $40 puts.

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

Follow Shooter on Twitter: @doplus