S&P500 daily update

Wait

I'm gonna ask you to look away
I love my hands, but it hurts to pray
Life I have isn't what I've seen
The sky is not blue and the field's not green

Moby, Wait for Me, 2009

Songwriter: Daryl Hall

–

The market continues to probe higher, finding some resistance to price near the rising line from the May lows.

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 July 19, 2018No Comments

S&P500 daily update

Mandela

I learned that courage was not the absence of fear, but the triumph over it. The brave man is not he who does not feel afraid, but he who conquers that fear.

Nelson Mandela

–

The market drops out of the gate, catches a bid and rallies to 2814.

This suggests that the additional projections of the recent small T structure are likely and that we may see further marking out and pushing higher with the upper range.

The next negotiation is the echo high scheduled for Friday.

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

Steve Rushton July 18, 2018No Comments

S&P500 daily update

Firgun

Firgun is an informal modern Hebrew term and concept in Israeli culture, which describes genuine, unselfish delight or pride in the accomplishment of the other.

–

The market takes a pause for breathe at 2800 in-line with the recent projection for a high.

A pullback of course is a possibility, or perhaps a marking out of an upper range.

Some signs of deceleration as the T volume oscillator drops towards the important zero level.

Today is another scheduled pulse high with perhaps a more important echo high on Friday.

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

Steve Rushton July 17, 2018No Comments

S&P500 daily update

Trinity

On July 16, 1945 the world witnessed the first atomic bomb test codenamed Trinity by the lead physicist J. Robert Oppenheimer, in a conflicted homage to John Donne’s poem:

Batter my heart, three-person'd God, for you
As yet but knock, breathe, shine, and seek to mend;
That I may rise and stand, o'erthrow me, and bend
Your force to break, blow, burn, and make me new.
I, like an usurp'd town to another due,
Labor to admit you, but oh, to no end;
Reason, your viceroy in me, me should defend,
But is captiv'd, and proves weak or untrue.
Yet dearly I love you, and would be lov'd fain,
But am betroth'd unto your enemy;
Divorce me, untie or break that knot again,
Take me to you, imprison me, for I,
Except you enthrall me, never shall be free,
Nor ever chaste, except you ravish me.

John Donne, Holy Sonnets: Batter my heart, three-person'd God, c. 1620

–

The market peeps above 2800 for a look-see at a high projected by the new small T structure with the possibility of some kind of pullback or consolidation now.

Whether there is more remains to be seen as this T could certainly be larger and could draw strength from the May declines. If that is the case we have projections into August.

For now, the market is well above the current Buy Signal level. Watch out for weakness developing in the oscillators for hints of further downside.

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

Steve Rushton July 15, 2018No Comments

S&P500 daily update

Touch

Just tell me what you're feeling
I'm feeling with you
You touch my mind in special places
My heart races with you

UNKLE feat. Liela Moss, Touch Me, 2015

–

A gap up and go day as the market recovers from its midweek blues and heads for 2800.

Today we have a projection for a high from the new T structure, and then we shall see if it is larger…

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

Steve Rushton July 13, 2018No Comments

S&P500 daily update

Bisbee

A gap down and grind sideways as the market absorbs the news and suggests a marking out of a new upper range.

Still above the Buy Signal level with strong momentum.

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

Steve Rushton July 12, 2018No Comments

S&P500 daily update

Mockingbird

Real courage is when you know you're licked before you begin,
but you begin anyway and see it through no matter what.

Harper Lee, To Kill a Mockingbird, 1960

–

Another gap higher as the market reaches up towards 2800, finding some resistance to price at the rising line from the 04 and 29 May lows.

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

Steve Rushton July 11, 2018No Comments

S&P500 daily update

Silencio

[At the club Silencio]

No hay banda! There is no band! Il n'est pas de orquestra!
This is all… a tape-recording. No hay banda!
And yet we hear a band. If we want to hear a clarinette… listen.

From Mulholland Drive, 2001, Dir. David Lynch

–

A pop, and the market continues to move higher, playing catch up quick.

The Osc oscillator makes a Buy Signal.

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

Steve Rushton July 10, 2018No Comments

S&P500 daily update

Nunavut

Follow through from Thursday's Buy Signal as the market breaks away from the 'holding' above 2700 with a strong squeeze upwards.

Technically a significant improvement in-line with the projection from the new small T structure which projects next major highs for mid July and perhaps an re-test of the previous high, or more.

Today is a combined echo high and pulse high and so we should be prepared for some kind of disruption to the advance or pull-back in the days to come.

Momentum has turned positive and the Osc oscillator should make a Buy Signal today.

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

Steve Rushton July 9, 2018No Comments

S&P500 daily update S&P500 signal

San Fermin

Another gap and another S/T Buy Signal at 2726. This time with follow through into the close and with improvement that confirms the new small T centered on the 27 June price and oscillator low.

Starting to move above the declining resistance – perhaps another attempt at the recent high.

Next negotiation is the combination of a pulse and echo high scheduled for monday.

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

Steve Rushton July 6, 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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“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.”
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“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