Steve Rushton, Author at Trading the Line

About Steve Rushton

Ranger

The market continues to retrace, finding some support at 2800 but now moving into a Warning Phase.

The T volume oscillator ticks up and the Osc oscillator turns flat.

Mixed signals and the risk of a more serious decline ahead seems high.

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 July 31, 2018No Comments

S&P500 daily update S&P500 signal

Falcon

The market sells down from the open, drops through 2820 and initiates a cover signal.

The bounce off 2807 is not enough to re-activate the Buy Signal and the market will need to re-establish its bullish intent.

Still, considering the drop, the oscillators remain positive for now.

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

Steve Rushton July 29, 2018No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 2820

A COVER Signal with the move below 2820 and although the market attempted to recover it was not quite enough to hold onto the Buy Signal level.

We will await the next signal.

Steve Rushton July 27, 2018No Comments

S&P500 daily update

Blood Moon

Catherine liked high places
High up, high up on the hills
A place for making noises
Like whales
Noises like the whales
Here she built a chapel
With her image
An image on the wall
A place where she could rest and
And a place where she could wash
And listen to the wind blowing

PJ Harvey, The Wind, 1998

A consolidation day just below the high relieving some of the pressure from the recent surge.

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

Steve Rushton July 27, 2018No Comments

S&P500 daily update

Explorer

He came riding fast like a phoenix out of fire flames
He came dressed in black with a cross bearing my name
He came bathed in light and the splendor and glory
I can't believe what the lord has finally sent me

PJ Harvey, The Dancer, 1995

The market grinds up to the 2830 pivot and then thrusts dramatically higher to 2846 – the price last seen on 26 January prior to the February collapse.

Mission accomplished?

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

Steve Rushton July 26, 2018No Comments

S&P500 daily update

Constantine

The market pops to the upside and heads for the important 2830 pivot and then rapidly reverses back down to 2812 to find support at the top of the channel.

This move was not (yet) supported by strength in the T volume oscillator or the Osc oscillator which are still displaying neutral properties, suggesting further sideways consolidation may be necessary if the market is to proceed higher.

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

Steve Rushton July 25, 2018No Comments

S&P500 daily update

Pioneers

The market finds support at 2796 and grinds higher within the channel.

The T volume oscilaltor turns slightly negative and the Osc oscillator is close to a Sell Signal indicating that breadth and momentum may not be behind the current move and this makes the market vulnerable.

Still, the market is above the Buy Signal level, for now.

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

Steve Rushton July 24, 2018No Comments

S&P500 daily update

Ford

Dog days continue as the market takes a breather and price catches up with itself a little.

Finding some resistance at the top of the channel suggests a continuation of the range-bound trading or perhaps preparation for a pull-back.

The T volume oscillator turns neutral and the Osc oscillator flattens off.

We might expect some further weakness whilst the market makes a decision whether the current T structure can draw strength from the earlier declines.

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

Steve Rushton July 23, 2018No Comments

S&P500 daily update

Check

A weak open and the market quickly tests 2800.

An echo high is scheduled for today.

Oscillators still holding up, for now.

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

Steve Rushton July 20, 2018No Comments

S&P500 daily update

Wait

I'm gonna ask you to look away
I love my hands, but it hurts to pray
Life I have isn't what I've seen
The sky is not blue and the field's not green

Moby, Wait for Me, 2009

Songwriter: Daryl Hall

–

The market continues to probe higher, finding some resistance to price near the rising line from the May lows.

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

Steve Rushton July 19, 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

More Recommended

Reminiscences of a Stock Operator: Annotated Edition

by Jon D. Markman

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