S&P500 daily update

Elmo’s fire

St. Elmo's fire is a weather phenomenon in which luminous plasma is created by a coronal discharge from a sharp or pointed object in a strong electric field in the atmosphere (such as those generated by thunderstorms or created by a volcanic eruption).

St. Elmo's fire is named after St. Erasmus of Formia (also called St. Elmo), the patron saint of sailors. The phenomenon sometimes appeared on ships at sea during thunderstorms and was regarded by sailors with religious awe for its glowing ball of light, accounting for the name. Sailors considered St. Elmo's fire as a good omen (as a sign of the presence of their patron saint).

– Wickipedia

Another short term target acheived, opening up the possibility of higher prices.

Echo high today, endgame of major and minor T structures early next week.

Significant improvement in the T volume oscillator which removes the previous warning and if it continues could unlock further sections of the cash-build up line.

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 June 2, 2017No Comments

S&P500 daily update

Milk

Altitude sickness and a probe down towards the Buy Signal level, just a look see, picked up in late trade.

A warning with the T volume oscillator dropping below zero, some distribution going on.

Echo high tomorrow.

Be prepared for whatever comes next:

Steve Rushton June 1, 2017No Comments

S&P500 daily update

Petronilla

A gentle decline in-line with the main arm of the Secondary DB T structure.
T volume oscillator pulls back close to zero.
Osc oscillator looks strong.

A push upwards into the next scheduled echo high, and the endgame of the Secondary DB T structure, and the end of the New small T still to be expected.

Be prepared for whatever comes next:

Steve Rushton May 31, 2017No Comments

S&P500 daily update

Of Princes

“Not marble nor the gilded monuments
Of princes, shall outlive this powerful rhyme,
But you shall shine more bright in these contents
Than unswept stone, besmeared with sluttish time.
When wasteful war shall statues overturn
And broils roots out the work of masonry,
Nor mars his sword nor war's quick fire shall burn
The living record of your memory.
'Gainst death and all-oblivious enmity
Shall you pace forth; your praise shall still find room
Even in the eyes of all posterity
That wear this world out to the ending doom.
So, till judgement that yourself arise,
You in this, and dwell in lovers eyes.”

– William Shakespeare, Sonnet 55

Market takes a slight breather in its pursuit of new highs and we move into the long memorial weekend.

The market looks 'strong' having taken out the recent resistance at 2400 and higher prices are to be expected, with the oscillator supporting the new small T centred on the 17 May low and projecting a peak on the 8 June, also inline with projections from the Secondary DB T Structure which may be the primary structure.

Be prepared for whatever comes next:

Steve Rushton May 30, 2017No Comments

S&P500 daily update

Feel like flying

A gap up and go day into new highs, with the next minimum target of 2420-30 looking acheivable.

An Osc Buy Signal.

Perhaps a small speed bump here, after six days of gapping up, and at the first arm of the New T structure, and at a major arm of the secondary DB structure..

Next major echo high scheduled for early June, in conjunction with the New T structure.

I am noticing that the 'secondary DB structure' appears to be supportative of this move, and so may indeed be the primary structure – it also points to highs in the same period of 6 – 9 June.

Be prepared for whatever comes next:

Steve Rushton May 26, 2017No Comments

S&P500 daily update

Africa

Poised at all time highs with the first arm of the small New T projecting an initial high for today.
Osc oscillator turning around and close to a buy signal.

Be prepared for whatever comes next:

Steve Rushton May 25, 2017No Comments

S&P500 daily update

Turtles

Market recovers all of wednesday's losses and heads into what may well of course be resistance at 2400 at the end of the red Amalgamation DB T structure. A pause or pullback here would be consistent with that, and would also test the strength of the move that is the New small T with its first main arm projecting into Friday for the holiday weekend. However the continued rise of the T volume oscillator gives credence to the new small T and increases the possibility that this is a bigger structure, now potentially drawing power from the 1 March high.

Be prepared for whatever comes next:

Steve Rushton May 24, 2017No Comments

S&P500 daily update

Humility

Market triggers a second Buy Signal at the open and is confirmed by the close above 2385.
It appears that the market is in a hurry to correct last week's drop and get back to the all time highs with a slingshot move.

Today is the endgame of the DB T structure, and the T volume oscillator has recovered to the point that gives strength to the New small T and projects towards the cluster of scheduled highs in the first week of June.

Be prepared for whatever comes next:

Steve Rushton May 23, 2017No Comments

S&P500 daily update

Momentia

“There is surely nothing other than the single purpose of the present moment.
A man's whole life is a succession of moment after moment.
There will be nothing else to do, and nothing else to pursue.
Live being true to the single purpose of the moment.”

– Tsunetomo Yamamoto, Hagakure: The Book of the Samurai

A strong gap and go up into and above the Buy Signal line, but couldn't hold onto all of the gains into the close, cancelling the Buy Signal for now. Failure occurred at the mid-channel line.

The T volume oscillator improves considerably showing strong breadth behind yesterday's rally, and supports the possibility that we have a new small T structure – if the low holds.

Be prepared for whatever comes next:

Steve Rushton May 20, 2017No Comments

S&P500 daily update

Monkey’s Paw

A strong rally off the lows but fails at the 2375 level.

If the low holds then we have a small T with possible strength into early June and the next scheduled echo high.
However the short signal is still active and further 'stabilisation' or downside may be required.

Interestingly the market closed right on the 55 ema – direction uncertain.

A move up through 2375 would obviously be important, as would a break down lower than yesterday's low at 2352.

SKEW moves up indicating the prescence of possible further event risk in Trump town.

Be prepared for whatever comes next:

Steve Rushton May 19, 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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by Jon D. Markman

With new commentary and Insights on the life and times of Jesse Livermore Reminiscences of a Stock Operator is the fictionalized biography of perhaps the most famous financial speculator of all time–Jesse Livermore. This annotated edition bridges the gap between Edwin Lefevre′s fictionalized account of Livermore′s life and the actual, historical events, places, and people that populate the book. It also describes the variety of trading approaches Livermore used throughout his life and analyzes his psychological development as a trader and the lessons gained through hard experiences.

“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.”
George Orwell

“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