S&P500 intraday update - Trading the Line

S/T SELL Signal below 2692

An S/T SELL Signal at 2692 but the market has found some strong support in the 2677-80 area.

Recommend covering at or prior to the close.

Steve Rushton May 29, 2018No Comments

Re: Market at 2733

A choppy day treading water between 2710 and 2720 waiting for some good news from the Fed to push the market up above the cover signal level.

Still on a Buy Signal.

Steve Rushton May 23, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal at 2650

Market chopped about in early trade, threatening to sell, and then rallied into the FED announcement before dropping back through 2650 confirming a sell signal at 2650.

As usual I recommend covering short positions at the close.

Steve Rushton May 2, 2018No Comments

S&P500 intraday update

George and the Dragon

I will not cease from Mental Fight,
Nor shall my Sword sleep in my hand:
Till we have built Jerusalem,
In Englands green and pleasant Land.

William Blake, Jerusalem, 1804

–

On Thursday the market showed support at 2380 and on Friday it gave way, triggering a 'Cover' signal as the market looks lower and there is more work to be done.

Strong penetration of this level (the 55 ema) again is a reminder of the previous weaknesses that led to the recent lows – on 05 February, 01 March and 19 March – and certainly brings with it the possibility of another deep(er) low ahead perhaps another re-test of the important 2530s support level, perhaps somewhat lower in due course.

A rapid recovery would signal a different series of events and perhaps another attempt at 2750+.

Lines in the sand…

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 April 22, 2018No Comments

S&P500 intraday update S&P500 signal

Cover Signal at 2681

Market triggered a Cover Signal at 2681, dropped hard into the 2660s with a short covering rally into the close for good measure.

We shall await the next signal.

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

Steve Rushton April 20, 2018No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal above 2628

Market gapped up well above the Buy Signal level.

A little pullback provided entry at 2641

Steve Rushton April 10, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal above 2633

Market gapped up and moved higher this morning triggering an S/T BUY Signal above 2633

Market made a high at 2654 and selling then resumed into the close.

Weakness really developed after the failure of the bounce at 2637

COVER Signal confirmed at 2620

Steve Rushton April 9, 2018No Comments

S&P500 intraday update S&P500 signal

Cover Signal at 2631 Sell Signal below

A Cover Signal triggered at 2631.

An attempt to recover.

Renewed weakness below 2631 – an S/T SELL Signal triggered at 2621.

A strong recovery off the low, cover at close

Steve Rushton April 6, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 2622

The market has bought the dip and proceeded higher today.

A strong move up through the Buy Signal level at 2622.

Buy Signal confirmed at the close.

Steve Rushton April 4, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal at 2620

Market quickly moved below the BUY Signal level this morning without any attempt to recover, signalling to Cover and activating an S/T SELL Signal.

S/T SELL Signal at 2620

Market potentially finding support in the 2550 region, and recovery potentially underway above 2580. I would not recommend holding short position overnight.

Steve Rushton April 2, 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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“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 the spirit’s tear.
The mind is our prior and subsequent ghost.
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