Dragon

No unpleasant surprises and the market grinds higher.

Buy Signal continues.

Chart of S&P 500 for 12 December 2019

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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.

 

Tango

The market continues to back away from the high forming a declining resistance line but is still holding up above the Buy Signal line.

Chart of S&P 500 for 11 December 2019

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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.

 

Merdre

The market backs off from the recent high drifting lower and selling into the close.

Chart of S&P 500 for 10 December 2019

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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.

 

Great Bridge

Another significant gap up as the market continues its recovery triggering an S/T Buy Signal above 3124 and takes a look near the previous high at 3150.

Chart of S&P 500 for 09 December 2019

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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.

 

Sinter

A push down towards 3100 is bought back up.

An improvement.

Chart of S&P 500 for 06 December 2019

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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.

 

Ardor

The market gaps up and continues the recovery from Wednesday's harsh drop, cancelling the Sell Signal.

A significant improvement but not quite a Buy Signal yet.

Chart of S&P 500 for 05 December 2019

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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.

 

Sidon

A pre-market sell off below the Sell Signal level at 3101 sees the market stabilizing around 3080 before initiating  a recovery. Market still in buy the dip mode.

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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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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.

 

Himalia

Heavy selling from the open triggers a Cover Signal at 3128.

Chart of S&P500 for 03 December 2019

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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.

 

Like cloud and water

Choice is the act of hesitation that we make before making a decision,
it is a mental wobbling.
And so we are always in a dither of doubt,
as to whether we are behaving the right way or doing the right thing,
and so on and so forth…and lack a certain kind of self-confidence.
And if you see you lack self-confidence,
you will make mistakes through sheer fumbling.
If you do have self-confidence
you may carry get away with doing entirely the wrong thing.

You have to regard yourself as a cloud, in the flesh.
Because you see, clouds never make mistakes.
Did you ever see a cloud that is misshapen?
Did you ever see a badly designed wave?
No, they always do the right thing.
But if you would treat yourself for a while as a cloud or wave,
and realize you can’t make a mistake, whatever you do,
cause even if you do something that seems to be totally disastrous,
it will all come out in the wash somehow or other.

Then through this capacity, you will develop a kind of confidence,
and through confidence, you will be able to trust your own intuition.
But this is the middle way,
of knowing it has nothing to do with your decision to do this or not,
whether you decide you can’t make a mistake
or whether you don’t decide it, it is true anyway,
that you are like cloud and water.
And through that realization without overcompensating in the other direction,
you will come to the point of where you begin to be on good terms with your own being
and to be able to trust your own brain.”

Alan Watts, Choice

Markets pull back slightly from all time highs as we enter December.

Chart of S&P500 for 02 December 2019

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, and Notes on Day Trading (pdf)

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.