S&P500 daily update

Observer

The market drops out of the gate and takes a good look at Thursday's gap. Still within the channel and above the Buy Signal level, for now.

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

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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 September 25, 2018No Comments

S&P500 daily update

Enterprise

The market probes higher but struggles at 2940. This is in-line with a projection for a high from the recent T structure. Some consolidation at this level may be necessary. The T volume oscillator continues higher indicating that this is a thrust and we usually see higher prices in due course after a thrust.

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

Steve Rushton September 24, 2018No Comments

S&P500 daily update

Gypsy

I’m known by many different names,
My good friend Will calls me Puck and Robin Goodfellow,
I follow the Gypsy Faerie Queen
And I follow the Gypsy Faerie Queen

Marianne Faithfull, The Gypsy Faerie Queen feat. Nick Cave, 2018

–

A squeeze and 'pop' as the market moves up out of recent congestion and above the previous all time high.

The T volume oscillator thrusts higher in support of the move.

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

Steve Rushton September 21, 2018No Comments

S&P500 daily update

Absolute

The hypothesis of God, for instance, gives an incomparably absolute opportunity to understand everything and know absolutely nothing. Give man an extremely simplified system of the world and explain every phenomenon away on the basis of that system. An approach like that doesn't require any knowledge. Just a few memorized formulas plus so-called intuition and so-called common sense.

Arkady & Boris Strugatsky, Roadside Picnic, 1972

–

Chopping about in the vicinity of the all time high, waiting for a catalyst for higher prices or a reason to sell.

Price begining to squeeze.

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

Steve Rushton September 20, 2018No Comments

S&P500 daily update

Ghosts

Ghosts in the photograph
Never lie'd to me
I'd be all of that
I'd be all of that
A false memory
Would be everything
A denial my eliminent

Mogwai, Take Me Somewhere Nice, 2001

–

A recovery from Monday's selling and the market takes another look at the 2909 pivot.

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

Steve Rushton September 19, 2018No Comments

S&P500 daily update

Nerva

A pull-back after an echo high and after very short term projection for a high (small T).

Just holding onto the current Buy Signal.

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

Steve Rushton September 18, 2018No Comments

S&P500 daily update

Drips away

I got that feeling, that bad feeling that you don't know
I don't even know her but I hope that she comforts you tonight
Nobody here that keeps you in the shade and ever owned you
Some sentimental tears or someone else's girl that drips away

Massive Attack, The Spoils, 2016

Songwriter: Grant Marshall, Hope Sandoval, Stew Jackson

–

The current Buy signal continues with some consoldation above 2895 and some hesitation at the rising line looking back to late June, but assume grinding higher until price breaks below rising support indicates otherwise.

The OSc oscillator improves and is now neutral, whilst the T volume oscillator also remains in neutral.

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

Steve Rushton September 17, 2018No Comments

S&P500 daily update

Snowball

I love your eyes, my darling friend, their play so light and brightening. When a sudden stare up you send, and like a heaven-blown lightning, it'd take in all from end to end. But there's nothing more that I admire; your eyes when they are downcast. In bursts of love inspired fire, and through the eyelash goes fast – a longing, dull call of desire.

Dir: Andrei Tarkovsky, Stalker, 1979
Screenplay: Boris and Arkady Strugatsky

–

The market continues higher with a gap up, up above the channel and above recent congestion.

Improvement in the oscillators supports the move and the current Buy Signal continues.

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

Steve Rushton September 14, 2018No Comments

S&P500 daily update

Dahl

Those who don't believe in magic will never find it.
Roald Dahl, The Minpins, 1991

–

Some profit-taking within the channel and a look-see at 2895.

The T volume oscillator moves up displaying improvement and defines a small T centered at the recenty low which suggests a push higher into the end of the week, and an echo high is scheduled for today.

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

Steve Rushton September 13, 2018No Comments

S&P500 daily update S&P500 signal

Marathon

A straight up day from a gap down, moving up through the S/T BUY signal line at 2888, and through the recent declining resistance.

The re-emergence of superior price performance yesterday suggests a continuation of the advance. Watch to see if this is also supported by the oscillators in the next few days.

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

Steve Rushton September 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 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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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.
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The contract between the lash and the whipping post.
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A meaningless argument among whores.
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The parking lot at the Mall of Fears.
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The mind is neither either nor or.
The real center of an empty sphere.”
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