S&P500 signal - Trading the Line

Market closing at 3872

A drop below the Cover Signal line and sideways into the Fed meeting with some initial very strong buying subsequently met with extreme volatility and heavy selling.

A Cover Signal at 3839.

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Steve Rushton November 2, 2022No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal at 3681

Volatile buying from the open and a strong push higher into 3715 triggering an S/T Buy Signal at 3681. Some very choppy action but resolving significantly higher throughout the day.

Buy Signal at 3681

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Steve Rushton October 21, 2022No Comments

S&P500 intraday update S&P500 signal

Cover Signal at 3666

Strong buying into a morning high at 3736 is met with persistent selling, triggering a Cover Signal at 3666. A late attempt to bounce from 3657 drops back, closing at the Cover Signal line.

Cover Signal at 3666

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Steve Rushton October 20, 2022No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal at 3662

A huge overnight move higher and strength from the open, triggering a Cover Short Signal above 3610 and a new Buy Signal above 3628 at 3662.

Buy Signal active.

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Steve Rushton October 17, 2022No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal at 3631

A huge drop in pre-market is met with very strong buying and a massive short squeeze.

A Cover Short Signal at 3613 and an S/T Buy Signal at 3631.

Buy Signal now active.

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Steve Rushton October 13, 2022No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal below 3711

A large gap lower overnight with strong selling pre-market and into the open, triggering a Cover & Sell Signal below 3711 at 3694.

Sell Signal active.

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Steve Rushton October 7, 2022No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal at 3664

Strong buying from the open, triggering a Cover Signal at 3644 and an S/T Buy Signal at 3664, pushing higher into 3698 before taking profit into the close.

An S/T Buy Signal at 3664

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Steve Rushton October 3, 2022No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal below 3688

No follow through. Overnight selling and market gapping down below the Sell Signal line at the open, triggering a Sell Signal at 3672, continuing lower into 3622 and a second low at 3610

An S/T Sell Signal below 3688 at 3672

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Steve Rushton September 29, 2022No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal at 3718

Strong, volatile and persistent buying from the open, triggering a Cover Signal above 3699, and moving higher in afternoon action, triggering an S/T Buy Signal at 3718.

S/T Buy Signal at 3718.

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Steve Rushton September 28, 2022No Comments

S&P500 signal

S/T Sell Signal at 4016

An ARMS Warning over the last few days leads to a severe decline.

Heavy selling pre-market and dropping below the Cover Signal line at 4031 at the open, triggering a Sell Signal at 4016 in early action and continuing lower. An attempt to stabilize at 3980 is met with more persistent selling in the afternoon.

An S/T Sell Signal at 4016

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Steve Rushton September 13, 2022No 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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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