S&P500 daily update

Snap Snap

No 'snap-back' just yet in an ugly week that really doesn't bode that well – and the longer we stay here the more likely a visit to the next lower level becomes.

Maybe we are waiting for something…

Be prepared for whatever comes next:

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, 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 March 24, 2017No Comments

S&P500 daily update

Consumption

In the kingdom of consumption the citizen is king.
A democratic monarchy: equality before consumption, fraternity in consumption,
and freedom through consumption.

Raoul Vaneigem

A valiant attempt at a rally and found resistance at 2359, site of the recent double tap lows.
Perhaps a fake out or a shake out. Still stabilising.

Sell signal still active, but we need to see deterioration in price to find commitment to the short side as the market works on the support level, and the T volume oscillator shows some signs of life and a divergence from price.

Be prepared for whatever comes next:

Steve Rushton March 24, 2017No Comments

S&P500 daily update

Atmosphere

Formerly there was nothing here,
neither the sky, nor the atmosphere, nor the earth.
There was only an appearance of light,
having no beginning and no end.
Neither small nor large, formless yet having a form.
Indistinguishable yet imbued with knowledge,
consisting of bliss.

– Avyakta Upanishad 1.1, Translator: PE Dumont

Market stabilises and marks out a possible low, pushing up off 2337 and holding onto those 2 support projection lines at 2344.

I have tentatively drawn in what may be a small T structure which does seem to coincide with the pulse highs projected for late March and mid April. Early days yet.

Further stabilisation may of course be required after such a sudden drop.
Still one eye on 2295, given any further reason to sell…

Buyers above and Sellers below.

Be prepared for whatever comes next:

Steve Rushton March 22, 2017No Comments

S&P500 daily update S&P500 signal

The Common Raven

And the silken sad uncertain rustling of each purple curtain
Thrilled me – filled me with fantastic terrors never felt before;
So that now, to still the beating of my heart, I stood repeating,
Tis some visitor entreating entrance at my chamber door –
Some late visitor entreating entrance at my chamber door; –
This it is, and nothing more.

– Edgar Allan Poe, The Raven

BUY Signal covered at 2370, and an S/T SELL Signal at 2363:

The market pops out at the open and challenges the downward descending trend.
Nope, this common raven is selling and taking the market way down.

Admittedly we have had some warnings, pressure upon the recent Buy Signal and the recent selling into strength, as well as the historically high Skew reading.

Failure of the small T of 9 March now shows us that there is another new T structure under construction.
Keep an eye on the T volume oscillator for any signs of recovery.

And so now we are on alert for a new climax low to occur and set up the next major T structure…

Be prepared for whatever comes next:

Steve Rushton March 21, 2017No Comments

S&P500 daily update

Equus

Triangulation continues near the highs, and with a tightening squeeze, we find ourselves back in the confusion of the chopshop zone of the mid-channel.

Be prepared for whatever comes next:

Steve Rushton March 21, 2017No Comments

S&P500 daily update

Spring Equinox

light meets dark in equilibrium

Small rally off 2378 met with resistance and the selling into any strength continues.
Not a great indicator for the upside, and the beginnings of a triangular pattern suggests more consolidation to come until we process the descending diagonal.

Be prepared for whatever comes next:

Steve Rushton March 17, 2017No Comments

S&P500 daily update

Saint Patrick

Yesterday I dared to struggle. Today I dare to win.
– Bernadette Devlin McAliskey

Testing the recent high, acknowledging the descending resistance from the all time high, and some back-filling prior to the March expiration. Watch out for the usual shenanigans as traders re-set for April.

A weekend of Irish playfulness awaits.

Steve Rushton March 16, 2017No Comments

S&P500 daily update

Double tap dont look back

What if all the world's inside of your head
Just creations of your own?
Your devils and your gods
All the living and the dead
And you're really all alone?
You can live in this illusion
You can choose to believe
You keep looking but you can't find the woods
While you're hiding in the trees

– Trent Reznor (Nine Inch Nails – Right Where it Belongs, from 'With Teeth', 2005)

A solid response to pre Fed whispers and the main event as the market leaves the double tap behind and heads for the highs, confirming the recent S/T Buy Signal and the small T centred on the 9 March low – a small W pattern with higher low and higher oscillator.

Next negotiations are the Pulse high that was pre-scheduled to coincide with the Ides of March, and the Echo high scheduled for Monday 20 March, and all of a sudden it seems more likely that we extend higher into late March as the Bull displays its horns again.

Do you keep looking but can't find the woods?
Are you still hiding in the trees?

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, become a Member before its too late and Sign up for Alerts & Observations – includes access to Members Area and the Explanatory Notes for all of the concepts discussed.

Steve Rushton March 15, 2017No Comments

S&P500 daily update

Ides of March

Soothsayer. Caesar!
Caesar. Ha! who calls?
Casca. Bid every noise be still: peace yet again!
Caesar. Who is it in the press that calls on me?
I hear a tongue, shriller than all the music,
Cry 'Caesar!' Speak; Caesar is turn'd to hear.
Soothsayer. Beware the ides of March.
Caesar. What man is that?
Brutus. A soothsayer bids you beware the ides of March.

– William Shakespeare, The Tragedy of Julius Caesar, Act I, Scene 2

Another probe into the Mid-channel, and teasing with a 'cover signal'.
Weak Buy Signal still active but no follow thru yet, as we wait for the Fed's decision and commentary. Hedge accordingly.

Be prepared: To receive detailed daily analysis, guidance and the updated daily Buy / Sell trigger levels being generated by the 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 which explain how this system works.

Steve Rushton March 15, 2017No Comments

S&P500 daily update

Transcendence

The most beautiful experience we can have is the mysterious.
It is the fundamental emotion that stands at the cradle of true art and true science.

– Albert Einstein, The World As I See It, 1930

Another one of those days when you could have been excused for not coming into work early.
Still trading mostly above the averages and gently pushing upwards into the close.

Steve Rushton March 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)

COVER Signal below 7776 on 14 October

...

S/T BUY Signal at 7691 on 04 September

S/T SELL Signal active below 7645 on 01 September

S/T BUY Signal at 7714 on 27 August

COVER Signal below 7737 on 18 August

S/T BUY Signal at 7413 on 30 July

...

S/T SELL Signal active below 7462 at 7440 on 26 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

More Recommended

Reminiscences of a Stock Operator: Annotated Edition

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