S&P500 daily update

Berezina

An important week ahead with the market at a critical level.

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 November 26, 2018No Comments

S&P500 daily update

Turkey Shoot

Some signs of stabilisation as the market re-attempts to climb out of the hole, but succumbing to the late afternoon selling that is now rather characteristic of this market.

Happy Thanksgiving.

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

Steve Rushton November 22, 2018No Comments

S&P500 daily update

Na Fola

And it's true we are immune
When fact is fiction and TV reality
And today the millions cry
We eat and drink while tomorrow they die
the real battle just begun
(Sunday, Bloody Sunday)

U2, Sunday Bloody Sunday, 1983

–

The market slips, badly, and takes another look at the lower extreme and at levels last seen on 29 October, leaving an ominous large gap.

This area can be considered to be a major pivot and therefore potentially a line in the quick sand as it has provided (very) strong support in the past, BUT with the caveat that once breached opens Pandora's Box to significantly lower prices because it will act as a pivot. As above there is below. The 2015 and 2016 lows were a good example of this pivot in action.

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

Steve Rushton November 21, 2018No Comments

S&P500 daily update S&P500 signal

Essex

A weak open and the market quickly drops below the Sell Signal level at 2720 with a strong linear move down into the area of recent support around 2684.

Bearish market behaviour continues with selling from a failed Buy Signal.

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

Steve Rushton November 20, 2018No Comments

S&P500 daily update

Prestige

A choppy generally bullish day with the market swinging from Sell Signal level to Buy Signal level as it absorbs the recent price recovery from 2675.

Expect more volatile chop as the market looks to recover further and continues to look at declining resistance lines.

T volume oscillator turns positive, just, but the outlook continues to look somewhat bearish.

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

Steve Rushton November 19, 2018No Comments

S&P500 daily update

Cajamarca

The market takes a look at 2675 and responds with a very strong recovery rally into the close.

Back in the confluence of support and resistance and above here would indicate a more significant recovery.

T volume oscillator back at zero (an inflection point) and the Osc oscillator makes a Sell Signal (admittedly a lagging indicator).

Support found at the important pivot but the market remains bearish and unstable and further work may be required to turn this thing around.

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

Steve Rushton November 16, 2018No Comments

S&P500 daily update

Black Cat

The market re-runs the script with a move higher sold heavily through the S/T Sell Signal line at 2729 into another deep low at 2685.

High levels of realised volatility continue to impact as rapid advances are sold back into, in characteristic bear market action.

The current T structure is collapsing into a more complex structure with some potential projections for lows coming into focus in the days ahead.

As with the late October low, the market needs to close at or near to the highs of the day prior to any serious attempt to move higher again.

An unstable and dangerous market that is at a level acheived for the first time just over a year ago. The potential for further downside is still huge.

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

Steve Rushton November 15, 2018No Comments

S&P500 daily update

Moby

“There are certain queer times and occasions in this strange mixed affair we call life when a man takes this whole universe for a vast practical joke, though the wit thereof he but dimly discerns, and more than suspects that the joke is at nobody's expense but his own.”

Herman Melville, Moby-Dick, 1851

–

Continued pressure on price despite an attempt to move higher.

An early Sell Signal is not successful but the selling resumes from the high at 2754 as the market bleeds lower in characteristic bear market action.

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

Steve Rushton November 14, 2018No Comments

S&P500 daily update S&P500 signal

St Brice

No follow through to Friday's recovery and the market drops rapidly triggering a cover signal at 2770.

Heavy selling finds the market looking for support at the Mid-channel, triggering an S/T Sell Signal below 2735 which is initially unsuccessful.

Failure at 2750 in erratic late afternoon action triggers another Sell Signal at 2735 as the market declines into the close. As usual cover short positions overnight.

Failure to recover from 2770 results in another Bear Market Warning.

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

Steve Rushton November 13, 2018No Comments

S&P500 daily update

Repeal

Weakness after the echo high and the 08 November projection for a high triggers some heavy selling and a probe below the important 2770 level before a buying surge into the close.

Declining resistance from the high is still active and this will likely produce some triangulisation in price whilst the market absorbs the recent bounce from 2600 and a decision is made for higher prices or a re-test of the primary low.

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

Steve Rushton November 12, 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 active below 7462 st 7440 on 17 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

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“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.”
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The mind is the spirit’s tear.
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