S&P500 intraday update - Trading the Line

Market closing at 4655

A gap up into 4650 and a very choppy decline into 4626 before strong buying and a rapid move higher to touch the Buy Signal line at 4672. No follow through and chopping sideways before dropping back into the close.

A Cover Short Signal at 4649 and an unconfirmed Buy Signal at 4672 with no follow through.

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Steve Rushton November 29, 2021No Comments

S&P500 intraday update

Market closing at 4690

An initial push higher into 4699 is sold into and the market drops through the Cover Signal Line at 4678.

The market finds support at 4658 and then chops sideways in between 4658 and 4678 until breaking higher in late afternoon action and re-activating the Buy Signal.

Buy Signal still active

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Steve Rushton November 23, 2021No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal at 4673

Early chop and then a strong move higher triggering an S/T BUY Signal at 4673

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Steve Rushton November 12, 2021No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 4666

The weak open is bought for a move back up to 4684 but the action fades initiating a rapid decline through the Cover Signal line at 4666 reaching 4631 before a choppy bounce into the close.

A COVER Signal

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Steve Rushton November 10, 2021No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 4404

A huge overnight gap up into 4400 is met with further strong persistent buying and a fast move up into 4435 and a higher high at 4438.

An S/T Buy Signal at 4404.

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Steve Rushton October 14, 2021No Comments

S&P500 intraday update

S/T SELL Signal below 4337

A gap up into the previous high at 4365 is met with strong selling into a low at 4330 triggering an S/T Sell Signal at 4337.

No follow thru and a strong bounce quickly cancels the Sell Signal at breakeven for a choppy grind back to the morning highs with a volatile afternoon session.

Market attempting to put into place a higher low.

Steve Rushton October 13, 2021No Comments

S&P500 intraday update S&P500 signal

Cover Signal at 4363

Very strong buying in early action making a high at 4415 and re-testing but without follow thru and then met with persistent selling.

An attempt to stabilize and hold above 4375 is met with strong selling into the close triggering a Cover Signal at 4363.

Cover Signal at 4363

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Steve Rushton October 11, 2021No Comments

S&P500 intraday update

S/T Buy Signal at 4353

A gap down and initial buying is heavily sold into triggering an S/T Sell Signal at 4316 and reaching 4290 before very strong buying quickly cancels the Sell Signal at breakeven.

Choppy buying and several brief drops below the Sell Signal line until an afternoon surge higher fills the gap and triggers an S/T Buy Signal at 4353. Some hesitancy at the high but strength resumed into the close.

S/T Buy Signal at 4353

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Steve Rushton October 6, 2021No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 4351 (unconfirmed)

A gap up and a very erratic open is met with very strong buying quickly triggering a Cover Short Signal at 4330 and then a Buy Signal above 4351.

A final half hour of selling drops the market back below the Buy Signal line, cancelling the signal for now.

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Steve Rushton October 5, 2021No Comments

S&P500 intraday update S&P500 signal

S/T Sell Signal at 4407

A huge overnight drop into the Sell Signal line at 4407 cancelling the previous Buy Signal and quickly moving lower.

Attempts to bounce at 4370, 4360 and 4350 are sold into until a re-test of 4350 is met with strong buying back up to 4380 but further selling continues into the close.

Sell Signal active.

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Steve Rushton September 28, 2021No 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 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.

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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.”
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.”
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