Swing Trade Notes Presentation Summary

Introduction

• Presenter: Scott Henderson
• Focus: Review of trading activities and strategies in the rare chat room.
• Reminder: Importance of reviewing disclosures and participating in the chat for trigger entries.

Key Trading Activities

Final Victim: Earnings Trade

• Company: Unspecified
• Actions:
  • Bought common shares at $972.
  • Sold a covered call at $930.
  • Bought a put position at $900.
  • Bought 1,000 strike calls expiring on the 25th.
  • Covered calls expired on the 20th.
• Outcome: Risk calculated at 5% with expected movement of 8-12%.
  • Current price: $1,05.
• Strategy: Plan to manage calls and potential downside amid market risk.

Trades Taken This Week

• QQQ Puts: Taken on Tuesday and Wednesday with a net gain of approximately 150-155%.
• Apple Trade: Attempted entry based on conditions (Mag 7 not met).

Trading Strategies and Setups

Extended or Elongated Patterns

• Preference: Look for long bounces from elongated C patterns.
• Elliott Wave Analysis: Concerns about impulse leg down pattern.
  • Ending diagonals and ABC patterns discussed.

Market Analysis

• SPY and Apple: Discussed potential upside and downside patterns.
  • Elongated C patterns could indicate further downside.
• Tariff News Impact: Potential influence on market moves.

Specific Trade Reviews

Nvidita

• Outcome: Avoided a loss by adhering to rules.
  • A, B, and extended C pattern identified.
• Learning: Importance of rule adherence to avoid losses.

IWM (Russell)

• Outlook: Anticipate value chasing and benefits from small-cap focus.
• Strategy: No current position but potential for a bounce.

Monster

• Action: Held a position; assessed for pullbacks.
• Concerns: Market liquidity issues and international rate hikes.

Bitcoin Analysis

• Current Range: 96-92
• Volume Analysis: Not enough volume to support significant moves.
• Potential Upside: Breakout above 88735 could lead to highs.
• Structural Concerns: Weak support levels identified.
  • Seller exhaustion patterns noted.

SPY Outlook

• Current Position: Using a sell-the-rip strategy.
• Targets:
  • Viable target around 563.
  • Change strategy if price moves above 575.

Conclusion

• Final Notes:
  • Remains cautious with market conditions.
  • Encourages engagement and questions from the audience.

• Closing: Wished audience a great holiday and encouraged social media engagement.