S&P500 daily update

Cochinos

Another gap up, holds up above the open and makes an attempt on 2687. Technically an improvement as the market comes up into what may be strong resistance above.

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 April 17, 2018No Comments

S&P500 daily update

Mutuality

“Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly.”

Martin Luther King Jr., Letter from the Birmingham Jail, 1963

–

Market gap up open at 2580 proves too much, too soon, and the market consequently sells down into 2652.

A weakened market then struggles at 2668 before an afternoon swoon to 2645 before finding some strength into the close at 2656.

The market identifies an important level to be negotiated moving forward, as the 55 ema is a major pivot and as above is below or vice versa. Rejection here means that more work is required, with of course the possibility of another leg down.

Still holding up above the Buy signal level, with a rising short-term movement meeting a longer term declining trend. Push and pull.

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

Steve Rushton April 16, 2018No Comments

S&P500 daily update

Bound Brook

Another gap up and push to 2674 and the market closes back above the Mid-channel for the first time since 16 March – a very positive development.

Very much on a Buy signal but still characterised by spikes into 'resistance'.

Next negotiation is the declining line from the recent high and the major pivot of the 55 ema.

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

Steve Rushton April 13, 2018No Comments

S&P500 daily update

Ground control

Though I'm past one hundred thousand miles
I'm feeling very still
And I think my spaceship knows which way to go
Tell my wife I love her very much she knows
Ground Control to Major Tom
Your circuit's dead, there's something wrong
Can you hear me, Major Tom?

David Bowie, Space Oddity, 1969

–

Another one of those days, opened down, went up, and then came back down again – its becoming a signature of this recent market.

Struggling at the moment with the downward pressure from the Mid-channel and declining resistance lines.

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

Steve Rushton April 12, 2018No Comments

S&P500 daily update

Mohi

“The first key to leadership was self-control, particularly the mastery of pride, which was something more difficult, he explained, to subdue than a wild lion and anger, which was more difficult to defeat than the greatest wrestler. He warned them that "if you can't swallow your pride, you can't lead.”

Jack Weatherford, Genghis Khan and the Making of the Modern World, 2004

–

A massive gap up significantly above the S/T Buy signal level at 2628 with a slight pullback to 2640 allows for an early entry at 2641.

Strength throughout the day with the market finding some natural resistance at the 2660 level, and a high at the Mid-channel at 2664.

The OSc oscillator makes a Buy Signal and the T volume oscillator rises strongly supporting the current T structure and double-bottom DB structure.

A significant improvement but the warnings continue and risk remains high

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

Steve Rushton April 11, 2018No Comments

S&P500 daily update

Fuji-san

Oh, mountain of our eyes, what do you see?
The girl with the omen dice, bowing to thee
Mortal soldiers clear the path, shake the omen tree
Oh, mountain of our eyes, oh plea
Oh, hear our plea

Patti Smith, Fuji-San, 2012
(Songwriters: Leonard J Kaye / Patti Smith)

–

Another day of two halves and a recurring theme, a strong recovery to 2653 triggering an S/T Buy Signal at 2633, and an afternoon collapse to close back at the low of the day at 2613.

The volatility refuses to allow price to stabilise, and the market's current logic, if it aint going any higher it must be going down continues. But for how long I wonder?

The market is making a massive consolidation pattern – laying railroad tracks even, and this is winding up an increasingly large amount of energy – like a coiled spring – which will undoubtably explode one way or the other in a significant trend that will probably surprise most everybody.

The logic of railroad tracks is that they often break to the downside and this is therefore a bit of a warning because this consolidation could well be preparation for a waterfall decline.

What would be the least expected outcome? A recovery to the all time high or another 10% decline?

In the meantime, the Osc oscillator looks close to a Buy signal and the double bottom structure is still intact.

The flip side to the negativity is that at some point the market will discount all of the negativity – effectively pricing it in – and find a level that is acceptable to move higher from.

Futures are up – significantly – and so another attempt at the recent highs is on the cards for today.

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

Steve Rushton April 10, 2018No Comments

S&P500 daily update S&P500 signal

Unto the breach

Once more unto the breach, dear friends, once more;
Or close the wall up with our English dead!
In peace there's nothing so becomes a man
As modest stillness and humility:
But when the blast of war blows in our ears,
Then imitate the action of the tiger.

William Shakespeare, Henry V, 1599

–

Another gap down, a failed attempt to rally in effect closing the gap and a Cover signal at 2631.

The market tried, in vain, to hold onto the 2631 level, but once breached – from a failed recovery attempt – found little support before 2600 activating a Sell Signal at 2621 and a return to the lows of the week.

The ping-pong within the volatile sideways / downwards channel continues, again challenging the 200 day moving average, as the market continues to sell hard into any negative news.

A relatively strong recovery into the close suggests the possibility of another recovery ahead and it is therefore pragmatic to cover at the close.

The question still remains: a double bottom, or a deeper low ahead?

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

Steve Rushton April 8, 2018No Comments

S&P500 daily update

Pollentia

The market gaps up and continues higher to meet some resistance at 2672.

The T volume oscillator rises again and now looks to be supporting the new T structure at the 02 April low.

IF this low holds we also have a double bottom DB structure centred in between the 2 price lows with the possibility of further extensions in due course.

The Osc oscillator is now also turning up and close to a Buy Signal.

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

Steve Rushton April 6, 2018No Comments

S&P500 daily update S&P500 signal

Petition

A straight up day through the Buy Signal line and a strong close continuing Tuesday's recovery and suggesting that perhaps, now, the market has discounted (some of) the recent news related negativity.

A significant improvement especially considering the overnight weakness in Futures which traded in the region of 2550.

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

Steve Rushton April 5, 2018No Comments

S&P500 daily update

Breda

A recovery day but still within the context of the current Sell Signal.

Market selling into strength rather than following through to the downside and ultimately moving higher and testing the 5 ema at 2617 – first line of resistance in a recovery.

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

Steve Rushton April 4, 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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“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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The Gambler (2014), Dir. Rupert Wyatt