Steve Rushton, Author at Trading the Line

About Steve Rushton

Falling

You don't want to go there
Let me lead you by the hand
You don't want to be there
Over the sea and down to land
As I look into your eyes
I pay no mind
I found the way
To get inside you
I'd give you peace of mind
Am I see you falling?
Am I see you falling?
Am I see you falling beautiful
The same

Ian Brown / UNKLE, Be There, 1998

–

The market opens lower in-line with expectations for a potentially important high in the 8-10 August time-frame.

A COVER Signal at 2838 with the market dropping below the 2842 level and failing to recovery back above.

The T volume oscillator moves lower, now negative, and the Osc oscillator turns down.

We will await the next signal.

Be prepared for whatever is coming next, and trade with confidence:

To receive detailed daily analysis, guidance and the updated daily Buy / Sell trigger levels being generated by the Trading the Line system before the market opens, and intraday alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area and the Explanatory Notes for all of the concepts discussed.

Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

Steve Rushton August 11, 2018No Comments

S&P500 daily update

Suspension

Down by the river side I waited there for you, take you back in time
You're in suspension, hey I caught you, you cannot hide, it's all inside
Easy, she knows you can't see me
Yes Mr Miser, Mr, Mr Mystery she's saying to me
Saying he can't see you, he can't free you, he can't be you
He just want to be you, he needs a dealer as a healer

I've seen that expression on your face
I could have sent you to that place
Expression can't see me, she knows you can't see me

Ian Brown, Can't See Me, 1998

–

Another day of chopping about just below the recent highs, finishing with some selling into the close

Waiting for a catalyst.

Another projection for a high today, momentum still up, but deterioration in breadth is flashing a warning and we should therefore be prepared for some weakness.

I will be taking the next few days away from the market and travelling and so updates will be less regular.

Enjoy the dog days of summer…

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton August 10, 2018No Comments

S&P500 daily update

Walden

I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived.

Henry David Thoreau, Walden, 1854

–

The market steps back a little from the recent high.

Signs of deceleration and profit-taking at a projection for a high, perhaps an important one.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton August 9, 2018No Comments

S&P500 daily update

Fade

I want to hold the hand inside you
I want to take a breath that's true
I look to you and I see nothing
I look to you to see the truth
You live your life
You go in shadows
You'll come apart and you'll go blind
Some kind of night into your darkness
Colors your eyes with what's not there

Mazzy Star, Fade into you, 1993

–

Another gap higher finds the market testing 2863.

A projection for a high today from the Main T structure uncannily as the market reaches up towards the January all time high in light summer-time trade.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton August 8, 2018No Comments

S&P500 daily update

Take the Road

Take the road you know, the road that leads to everywhere
Spend the time where everyone and anyone is there
Something new's already old, we've heard it all before

In, out, in and out
Here by word of mouth
It's right here right now
Feel dead or alive

UNKLE, The Road, 2017

–

The market moves higher, challenging the previous high at 2850.

The OSc oscillator improves and cancels out the previous 'Sell' Signal indicating that momentum is now behind this advance.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton August 7, 2018No Comments

S&P500 daily update

Little Boy

"Little Boy" was the codename for the nuclear bomb dropped on the Japanese city of Hiroshima on 6 August 1945. It was the first nuclear weapon to be used in warfare.

Wikipedia

–

Strength above the Buy Signal line, and above the recent declining angle, finds the market looking at the recent highs again.

The oscillators improve and the market seems back on track.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton August 4, 2018No Comments

S&P500 daily update S&P500 signal

Frontera

The market opens down just below the important 2800 level and rapidly moves higher, triggering an S/T Buy Signal as it moves up and holds above 2822 into the close.

Still some warnings as the Osc oscillator continues to decline and makes a 'Sell' Signal.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton August 3, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 2822

Market opens lower but finds buyers below 2800 and climbs higher, triggering an S/T Buy Signal at 2822.

Steve Rushton August 3, 2018No Comments

S&P500 daily update

Negrita

Another attempt at the Buy Signal level is sold down as the market shows strong resistance to price at 2825.

The T volume oscillator drops to zero and the Osc oscillator starts to decline – both flashing warnings.

The recent weakness continues and Futures are significantly lower this morning, it looks like we have a sell signal developing.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton August 2, 2018No Comments

S&P500 daily update

Lunasa

Did she wake you up
to tell you that
It was only a change of plan?
Dream up, dream up,
let me fill your cup
With the promise of a man.

Neil Young, Harvest, 1972

–

Lammas, Lughnasadh or Lúnasa – the ancient festival marking the beginning of the harvest season

–

The market 'pops' at the open and makes a valient attempt on the Buy Signal level.

Still displaying some downward pressure.

The T volume oscillator rises but the Osc oscillator flattens off further indicating the slight reduction of momentum.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton August 1, 2018No Comments

“Simplicity is the ultimate sophistication.”
Leonardo da Vinci

“Imagination is more important than knowledge”
Albert Einstein

“All of our days are numbered. We can not afford to be idle. To act on a bad idea is better than to not act at all because the worth of the idea never becomes apparent until you do it. Sometimes this idea can be the smallest thing in the world; a little flame that you hunch over and cup with your hand and pray will not be extinguished by all the storm that howls about it. If you can hold on to that flame, great things can be constructed around it; things that are massive and powerful and world changing. All held up by the tiniest of ideas.”
Nick Cave, 20,000 days on Earth

2026 Positions

(All numbers refer to SPX)

S/T SELL Signal at 6756 on 11 Mar

S/T BUY Signal above 6826 on 10 Mar

COVER Short Signal above 6792 on 10 Mar

S/T SELL Signal at 6765 on 10 Mar

COVER Short Signal above 6772 on 09 Mar

S/T SELL Signal below 6810 on 06 Mar

COVER Short Signal above 6822 on 05 Mar

S/T SELL Signal below 6822 on 05 Mar

COVER Signal below 6849 on 05 Mar

S/T BUY Signal at 6882 on 04 Mar

COVER Short Signal above 6849 on 04 Mar

S/T SELL Signal below 6845 on 03 Mar

COVER Short Signal above 6877 on 02 Mar

S/T SELL Signal below 6850 on 02 Mar

COVER Short Signal above 6857 on 27 Feb

S/T SELL Signal at 6857 on 27 Feb

COVER Signal below 6884 at 6857 on 27 Feb

S/T BUY Signal at 6884 on 23 Feb

COVER Short Signal at 6850 on 23 Feb

S/T SELL Signal at 6837 on 23 Feb

COVER Signal at 6864 on 23 Feb

S/T BUY Signal at 6883 on 18 Feb

COVER Short Signal at 6834 on 17 Feb

S/T SELL Signal at 6888 on 12 Feb

COVER Signal at 6915 on 12 Feb

S/T BUY Signal at 6899 on 06 Feb

COVER Short Signal at 6938 on 06 Feb

S/T SELL Signal at 6901 on 04 Feb

COVER Short Signal at 6915 on 03 Feb

S/T SELL Signal at 6915 on 03 Feb

COVER Signal at 6942 on 03 Feb

S/T BUY Signal at 6968 on 02 Feb

COVER Short Signal at 6938 on 30 Jan

S/T SELL Signal at 6910 on 30 Jan

COVER Signal at 6940 on 30 Jan

S/T BUY Signal at 6934 on 29 Jan

S/T SELL Signal at 6907 on 29 Jan

COVER Signal at 6934 on 29 Jan

S/T BUY Signal above 6905 at 6923 on 22 Jan

COVER Signal at 6849 on 21 Jan

S/T SELL Signal below 6894 at 6843 on 20 Jan

COVER Signal below 6925 at 6843 on 20 Jan

S/T BUY Signal at 6961 on 15 Jan

COVER Signal below 6934 at 6925 on 14 Jan

S/T BUY Signal above 6890 at 6900 on 05 Jan

COVER Short Signal at 6864 on 02 Jan

S/T SELL Signal at 6837 on 02 Jan

Mission

It has been my Mission to create a simple but effective method for investing in the stock market, so that I would always know what to do regardless of the circumstances.

The result is a rigorous system which allows the market to tell you what to do, when to Buy, when to Hold, when to Cover, and when to Sell, and it removes the need for you to have any opinion whatsoever.

And so, I present to you the diary of my personal trading system, and a record of the signals that it is producing. You are welcome to follow me along but please understand that the information posted here is for entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.

Please sign up for my occasional FREE REPORTS and if you would like to find out more and receive my email alerts and more detailed observations, please SIGN UP HERE

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Reminiscences of a Stock Operator: Annotated Edition

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With new commentary and Insights on the life and times of Jesse Livermore Reminiscences of a Stock Operator is the fictionalized biography of perhaps the most famous financial speculator of all time–Jesse Livermore. This annotated edition bridges the gap between Edwin Lefevre′s fictionalized account of Livermore′s life and the actual, historical events, places, and people that populate the book. It also describes the variety of trading approaches Livermore used throughout his life and analyzes his psychological development as a trader and the lessons gained through hard experiences.

“In the end, I’m not interested in that which I fully understand. The words I have written over the years are just a veneer. There are truths that lie beneath the surface of the words... truths that rise up without warning, like the humps of a sea monster and then disappear. What performance and song is to me is finding a way to tempt the monster to the surface, to create a space, where the creature can break through what is real and what is known to us. This shimmering space where imagination and reality intersect... this is where all love and tears and joy exist. This is the place. This is where we live.”
Nick Cave 20,000 days on Earth

“If you're going to try, go all the way. Otherwise, don't even start. This could mean losing girlfriends, wives, relatives and maybe even your mind. It could mean not eating for three or four days. It could mean freezing on a park bench. It could mean jail. It could mean derision. It could mean mockery--isolation. Isolation is the gift. All the others are a test of your endurance, of how much you really want to do it. And, you'll do it, despite rejection and the worst odds. And it will be better than anything else you can imagine. If you're going to try, go all the way. There is no other feeling like that. You will be alone with the gods, and the nights will flame with fire. You will ride life straight to perfect laughter. It's the only good fight there is.”
Charles Bukowski, Factotum, 1975

>“The mind is a glass floor.
The mind is the spirit’s tear.
The mind is our prior and subsequent ghost.
The mind is the Bullion Express and the blood on the tracks.
The mind is a stone door.
The silver on the backs of mirrors.
The wave that defines the coast.
It’s what the drunk grave robbers couldn’t stuff in their sacks.
The mind is the sum of all and more.
The spasm between one and zero in the Calendar of Black-Hole Years.
The contract between the lash and the whipping post.
A quilt of dreams stitched with facts.
A meaningless argument among whores.
Rain that keeps falling when the sky clears.
A masquerade party, guest and host.
A candlelit landscape of puddled wax.
The mind is what thought is for.
The parking lot at the Mall of Fears.
The fire-pit for the piggy roast.
What the soul surrendered and won’t take back.
The mind is neither either nor or.
The real center of an empty sphere.”
Jim Dodge, Stone Junction, 1990

“The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. This new version is the past and no different past can ever have existed. In principle the war effort is always planned to keep society on the brink of starvation. The war is waged by the ruling group against its own subjects and its object is not the victory over either Eurasia or East Asia, but to keep the very structure of society intact.”
George Orwell

“There was a student... just the other day... who said that my problem, if one's nature is a problem, rather than just problematic, is that I see things in terms of victory or death, and not just victory but total victory. And it's true: I always have. It's either victory, or don't bother. The only thing worth doing is the impossible. Everything else is gray. You're born... as a man... with the nerves of a soldier, the apprehension of an angel, to lift a phrase, but there is no use for it. Here? Where's the use for it? You're set up to be a philosopher or a king or Shakespeare, and this is all they give you? This? Twenty- odd years of school which is all instruction in how to be ordinary... or they'll fucking kill you, they fucking will, and then it's a career, which is not the same thing as existence... I want unlimited things. I want everything. A real love. A real house. A real thing to do... every day. I'd rather die if I don't get it.”
The Gambler (2014), Dir. Rupert Wyatt