S&P500 daily update

Meuse-Argonne

The market continues to define a slight retracement channel with a successful test of 2488 and recovers back above the Buy Signal line into the close.

Momentum slowing and price flashes a warning.

Be prepared for whatever comes next:

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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 26, 2017No Comments

S&P500 daily update

Mercè

A little bump and grind into the close.
Holding up above the important rising line, and still on a Buy Signal.

Be prepared for whatever comes next:

Steve Rushton September 23, 2017No Comments

S&P500 daily update

Autumnal Equinox

Night and day, you are the one
Only you beneath the moon or under the sun
Whether near to me, or far
It's no matter darling where you are
I think of you
Day and night, night and day, why is it so
– Cole Porter, Night and Day, 1932

The market finds time for a pause at the highs, and turns down a little – in-line with the second main projection of the current T structure.

Be prepared for whatever comes next:

Steve Rushton September 22, 2017No Comments

S&P500 daily update

Shadow of the light

“The mind is the shadow of the light it seeks.”
― Jim Dodge, Stone Junction, 1990

A push down and reverse back up as the market refuses to go down, just yet.

And today the market reaches the next important projection of the current T structure as drawn from the price momentum peak on 20 July.

Be prepared for whatever comes next:

Steve Rushton September 21, 2017No Comments

S&P500 daily update

Strings of Ones and Zeros

“It would all be done with keys on alphanumeric keyboards that stood for weightless, invisible chains of electronic presence or absence. If patterns of ones and zeroes were "like" patterns of human lives and deaths, if everything about an individual could be represented in a computer record by a long strings of ones and zeroes, then what kind of creature could be represented by a long string of lives and deaths?”
― Thomas Pynchon, Vineland, 1990

A quiet day, up a little, but some indecision, waiting for the Fed.

An echo high is scheduled for today, previous echo highs have initiated some strong selling especially when occurring at or after an exhaustion move.

Be prepared for either a push higher followed by a reversal, or a push down.

Be prepared for whatever comes next:

Steve Rushton September 20, 2017No Comments

S&P500 daily update

San Gennaro

Market takes a go look-see above 2500.

It looks like we may be starting to establish a new range, perhaps 2490 – 2510.

Be prepared for the possibility of some strong selling in line with the upcoming scheduled echo high, and the next arm of the current T structure as drawn from the price momentum peak on 20 July.

Be prepared for whatever comes next:

Steve Rushton September 19, 2017No Comments

S&P500 daily update

Twenty-five hundred

The Buy signal continues and the market closes at the important landmark 2500.

The next negotiation is the upcoming Echo high and the next arm of the current T structure, both scheduled for later this week.

Be prepared for whatever comes next:

Steve Rushton September 17, 2017No Comments

S&P500 daily update

Dolores

Another arm of the current T structure acheived and the market makes time for a pause just below the important 2500 level.

Expect the usual expiration push and pull as traders re-position for October.

Be prepared for whatever comes next:

Steve Rushton September 15, 2017No Comments

S&P500 daily update

Push the sky away

I got a feeling I just can’t shake
I got a feeling that just won’t go away
You’ve gotta just keep on pushing…
Push the sky away
– Nick Cave and the Bad Seeds, Push the sky away, 2013

Pushing away at the highs, and the siege of 2500 begins.

Today we have the next major arm of the current T structure as drawn from the 27 July peak and drop – the point where the recent decline into the August low appears to have originated. You could also argue that this actually started a few days earlier on the 20 July and so we also have a projection for a peak next week. Prior to that, the T volume oscillator peaked on the 14-17 July and so you can also run a projection from there.

And so we could expect to see some kind of pause here, as the market absorbs the round number of 2500, and then a grind away (maybe higher) into a more significant peak at the next arms.

SPY dividend and September expiration tomorrow will add a little extra something to the mix.

Be prepared for whatever comes next:

Steve Rushton September 14, 2017No Comments

S&P500 daily update

Epulum Jovis

reaching for the sky…

The market reaches out and upwards to new highs with yet another gap.

The resulting strength in the T volume oscillator (now at its 2017 high) increases the size and range of the current T structure potentially drawing power from the very long cash-build up since the previous peaks earlier in the year. This development suggests that the August lows were important and that we may now be at the beginning of another advance to significantly higher prices.

The current large T structure projects initial upcoming highs in September in blue, and a series of extensions from the previous decline projecting into October in gray. It is also now possible that this structure could draw strength from the previous declines projecting further into the winter. However what comes next is dictated by the unfolding of price at the next peaks…

Be prepared for whatever comes next:

Steve Rushton September 13, 2017No 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