S&P500 daily update

Wash away

Rain, rain, rain discard out the side of me
Disguising the side of me to wash the love away
Oh Joy, love, light recede it away of me
Recede it away of me the day I'd only say,
Oh saying so lone away
I'm giving the lie away…

Unkle Ft Gavin Clark, Wash the Love Away, 2010

…

The market pops up above the important 200 day moving average.

Recovery target achieved.

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 February 19, 2019No Comments

S&P500 daily update

Lupercalia

The market checks out the recent range with an early drop to 2731 and another look see above 2750 as the market finds some resistance to price above the declining angle from the previous highs.

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

Steve Rushton February 15, 2019No Comments

S&P500 daily update

Eros

A pop and drive to 2760 finds some resistance as the current Buy Signal continues.

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

Steve Rushton February 14, 2019No Comments

S&P500 daily update

Transmission

And we would go on as though nothing was wrong
And hide from these days we remained all alone
Staying in the same place, just staying out the time
Touching from a distance
Further all the time

Joy Division, Transmission, 1980

…

The market gaps up, well above the Buy Signal line, triggering a Buy Signal at 2728, and continues higher into the area of the 200 day moving average.

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

Steve Rushton February 13, 2019No Comments

S&P500 daily update

Lincoln

The best way to predict your future is to create it.

Abraham Lincoln

…

A gap up and stabilization above 2700. Not quite a Buy Signal.

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

Steve Rushton February 12, 2019No Comments

S&P500 daily update

Thread

Will cut a thread
Write yourself as dead
Catch every single spark
There's tracks inside my head
Will find it there
You believe, you swear
Will the beads around your wrist
Capture every single prayer

Unkle (feat. Gavin Clark), Every Single Prayer, 2010

Songwriters: Gavin Michael Clark, James Lavelle, Pablo Clements, Aiden Lavelle

…

The market takes another look at the 2680s, stabilizes and heads back up into the 2700 area with a strong finish to the week.

Still below the Buy Signal level but an encouraging test of the market's recent resilience.

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

Steve Rushton February 11, 2019No Comments

S&P500 daily update

Darkness

A portion like madness in season
Bracing all like a breaking of reason
With every night lost and every day torn
With the drama feeling calmer and it's calmer in the storm
Speakers are crying like a forrest in the rain
I was so alone with my thoughts and my pain
And the darkness closed like a mouth on a wild night
I'll never be free

Ooh, in this darkness
Please light my way
Light my way

Moby, This Wild Darkness, 2018

…

A significant drop at the open triggering a Cover signal below 2711, and the lack of sufficient recovery back above that level completes the Buy Signal from the 03 January low.

The long spike to 2687 indicates temporary support which may need to be re-visited while we wait to see if there is another move higher or if this is the beginning of another period of bearish weakness.

The recent structure has been re-drawn centered one day earlier on the 21st December – the oscillator low rather than the actual price low – as this clearly is a better fit. Although there are additional projections for highs, it is not clear yet whether these will be higher highs.

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

Steve Rushton February 8, 2019No Comments

S&P500 daily update

Pilgrim

The market chops about at the recent high, on a pulse high and near a projection for a high.

Expect further choppy behaviour as the market processes its recent move higher, and attempts to move up through the important 200 day moving average.

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

Steve Rushton February 7, 2019No Comments

S&P500 daily update

Falcon

The market soars again, spitting distance from the 200 day moving average, as it reaches the underside of the rising line from the December spike low and another layer of potential declining resistance.

Without a doubt an impressive achievement as we move into another projection for a high with breadth and momentum still indicating strength.

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

Steve Rushton February 6, 2019No Comments

S&P500 daily update

Stranger

Heavy chop at 2700 in early trade leads higher with a surge to 2724.

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

Steve Rushton February 5, 2019No 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 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

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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