S&P500 intraday update

S/T BUY Signal above 2717

S/T BUY Signal above 2717 at 2728

A gap and go above the Buy Signal level at 2717 sees the market up at the 200 day moving average for the first time since early December.

Steve Rushton February 12, 2019No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 2711

A significant drop triggering a Cover Signal at 2711.

Market attempting to stabilize at the important 2690 level.

…

Steve Rushton February 7, 2019No Comments

S&P500 intraday update S&P500 signal

Fade

An S/T Buy Signal at 2667 makes it to 2685 before fading into the close triggering an S/T Sell Signal at 2654.

Recommend cover at the close and see what the market brings next.

The market continues to be weak.

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

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, please 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 December 13, 2018No Comments

S&P500 intraday update S&P500 signal

S/T Sell Signal at 2720

An ugly day with selling from the open, and the Bear Market resumes.

A cover Signal triggered at 2741, followed by an S/T Sell Signal at 2720

Steve Rushton December 4, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal below 2790

The market pulls back to the Buy Signal line at 2790 and makes an attempt to move above 2800.

Strong selling is initiated and the market drops through 2790 triggering a Cover Signal followed quickly by a Sell signal at 2775.

Cover at or prior to the close.

Steve Rushton October 18, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 2789

An S/T BUY Signal at 2789 and continued strength into the close confirming the Signal.

T volume oscillator UP very strongly and cutting upwards through the recent declining cash-build up line confirming the possible T structure centered at the recent low.

Steve Rushton October 16, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal below 2885

Market at 2865 in early trade – continuation Sell Signal

Heavy selling at the open.
Looks like market is in trouble and breaking below the important 2870 level.

Steve Rushton October 10, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal at 2901

Another Sell Signal at 2901 after a brief look at 2908.

Strong move off the 2869 suggests that the move is complete for the day.

Cover at or prior to the close

Have a great weekend

Steve Rushton October 6, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal at 2900

Market gapped down and quickly dropped below 2914 triggering a Cover Signal followed by a Sell Signal at 2900.

The rapid bounce from 2885 back to 2900 cancels the Sell Signal for the time being and covered at 2895 to protect position.

Neutral at the close.

Steve Rushton October 5, 2018No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 2909

Weakness developed after the Fed announcement and the market dropped hard into the closing bell triggering a Cover Signal at 2909.
A close below 2909 confirms the Signal.

Steve Rushton September 26, 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 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.”
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>“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.
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The contract between the lash and the whipping post.
A quilt of dreams stitched with facts.
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