Steve Rushton, Author at Trading the Line

About Steve Rushton

S&P500 intraday update S&P500 signal

S/T Sell at 2136

Tentative short signal at 2136 in flip flop market.

More tomorrow.

Steve Rushton October 27, 2016No Comments

S&P500 daily update

Strange Days

People are strange when you're a stranger
Faces look ugly when you're alone
Women seem wicked when you're unwanted
Streets are uneven when you're down

The Doors, 1967

Another strange day, oscillating between Buy and Sell levels and showing no conviction either way.

Still time for a 'rally' into Halloween and the end of the month, but the market doesn't appear to be interested…

Lack of Buying Power associated with end of red T Structure continues, but no catalyst for a sell off.

To receive further analysis and updated daily Buy / Sell levels being generated by the system before the market opens, please Sign up for Alerts & Observations

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 & 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.

Steve Rushton October 27, 2016No Comments

S&P500 daily update

Grinch

More gap-filling as the market pulls back from descending and ascending resistance in line with the first arm of the small gray T.

If we can hold up above the recent lows, and stabilise then a grind higher into the Election is possible, much below here and the selling will become more aggressive.

T volume oscillator back below zero, and possible warning.

To receive further analysis and updated daily Buy / Sell levels being generated by the system before the market opens, please Sign up for Alerts & Observations

Steve Rushton October 26, 2016No Comments

S&P500 daily update

Gear up for the election

A small pop into what may be the first arm of the small potential T structure outlined in grey, and straight into the descending resistance.

But interestingly the market managed to hold up above previous rising resistance line and we can tentatively remove the short alert status.

We need to see price above the second rising resistance line to get really bullish, but perhaps we have a rally into the Election on the cards.

To receive further analysis and updated daily Buy / Sell levels being generated by the system before the market opens, please Sign up for Alerts & Observations

Steve Rushton October 25, 2016No Comments

S&P500 daily update

Flip-flop

Still on a short-term Buy signal with the market's refusal to go down after the open-down, and still on this difficult flip-flop inbetween the Buy and Sell signals.

To receive further analysis and updated daily Buy / Sell levels being generated by the system before the market opens, please Sign up for Alerts & Observations

Steve Rushton October 23, 2016No Comments

S&P500 daily update

Fading away again

Fading away the Buy Signal again, as has been done repeatedly since the all time high.
But held support at 2133.
Waiting game continues

Osc 5,35 oscillator makes a Buy Signal, and divergence with the previous low.

To receive further analysis and updated daily Buy / Sell levels being generated by the system before the market opens, please Sign up for Alerts & Observations

Steve Rushton October 21, 2016No Comments

S&P500 daily update

S/T Buy at 2142

The move above 2142 today triggered a tentative short term Buy Signal that required confirmation by the close.

The T volume oscillator turns positive and gives credence to the new T structure.

If the T structure continues then we should see a push upwards into monday 24th and if we do not pull back below the recent low then we could see a second push up into November 8 which also coincides with the next series of cycle highs (pink and green arrows).

However there is a significant rising resistance line (previous support), as well as the descending line, and the danger is that we simply back-kiss these lines and then move lower.

Be prepared.

To receive further analysis and Buy / Sell levels being generated by the system before the market opens, please Sign up for Alerts & Observations

Steve Rushton October 19, 2016No Comments

S&P500 daily update

Buying above 2140 ?

Speculative Buying pushed hard into resistance, but resistance at 2140 holding (for now)

Potential T structure emerging and potential double bottom at the 2120 level.

If the market is going higher, the potential structure outlined points to peaks just prior to the election.

For more detailed analysis, please Sign up for Alerts & Observations

Steve Rushton October 19, 2016No Comments

S&P500 daily update

Machines are in control

Market continuing to reluctantly and gradually break-down.
Expect extremely choppy trade to continue.

Until there is some obvious catalyst to drive direction, machine-driven trading will continue to dominate the market… oscillating backwards and forwards in tune with large scale hedging activities, and so it would make sense to think like a machine.

For more detailed analysis, please Sign up for Alerts & Observations

Steve Rushton October 18, 2016No Comments

S&P500 daily update

Endgame

A quick speculative (ie very short term) buy above the 2140 resistance level took the market into stronger resistance at 2148.
Failure there and resumption of the Sell Signal at 2137 as the market repeatedly sells into the rallies.
Looks like a 'back-kiss' of the underneath of the rising support lines.

This is the end of the large red T structure as drawn from the T volume oscillator peak on March 4th.

We should see a void of buying power here and then we will be looking for a bottoming pattern in the T volume oscillator and at some point a new T structure to emerge.

For more detailed analysis, please Sign up for Alerts & Observations

Steve Rushton October 16, 2016No 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 BUY Signal at 7413 on 30 July

...

S/T SELL Signal active below 7462 st 7440 on 26 July

COVER Signal below 7522 at 7440 on 17 July

S/T BUY Signal at 7398 on 29 June

S/T SELL Signal active below 7344 on 26 June

COVER Short Signal above 7361 on 25 June

S/T SELL Signal below 7422 on 23 June

COVER Signal below 7452 at 7365 on 23 June

S/T BUY Signal at 7500 on 18 June

COVER Short Signal at 7500 on 18 June

S/T SELL Signal at 7424 on 17 June

COVER Signal at 7454 on 17 June

S/T BUY Signal at 7404 on 11 June

COVER Short Signal at 7337 on 10 June

S/T SELL Signal at 7462 on 05 June

COVER Signal at 7553 on 05 June

S/T BUY Signal at 7586 on 04 June

COVER Signal at 7554 on 03 June

S/T BUY Signal at 7413 on 20 May

COVER Signal at 7411 on 15 May

S/T BUY Signal at 6457 on 31 Mar

COVER Short Signal above 6398 on 31 Mar

S/T SELL Signal at 6543 on 26 Mar

S/T BUY Signal above 6600 at 6620 on 25 Mar

COVER Short Signal above 6567 on 25 Mar

S/T SELL Signal below 6554 on 24 Mar

COVER Short Signal above 6581 on 24 Mar

S/T SELL Signal below 6554 on 24 Mar

COVER Short Signal above 6581 on 24 Mar

S/T SELL Signal below 6554 on 24 Mar

COVER Signal at 6590 on 23 Mar

S/T BUY Signal at 6623 on 23 Mar

COVER Short Signal above 6563 at 6600 on 23 Mar

S/T SELL Signal at 6666 on 18 Mar

COVER Signal at 6693 on 18 Mar

S/T BUY Signal at 6729 on 16 Mar

COVER Short Signal above 6668 at 6698 on 16 Mar

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