S&P500 signal - Trading the Line

COVER Signal at 3723

Welcome to 2021 with a gap and crap and selling from the getco.

A rapid decline through the Cover Signal line at 3723 and an initial strong bounce just above the Sell Signal line is met with further selling triggering a Sell Signal below 3690 and into a low at 3666 before stabilizing.

Buying back to 3700 is met with chop and eventually buying and short covering into the close, cancelling the Sell Signal at breakeven

A Cover Signal.

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Steve Rushton January 4, 2021No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 3702

A look up at 3700 before a gradual decline to revisit yesterday's low and then a push back up to sneak up through the Buy Signal line at the close

Buy Signal at 3702, but only just – hedge accordingly.

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Wishing all of my readers a wonderful relaxing Holiday

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Steve Rushton December 24, 2020No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 3689

A choppy day under yesterday's high and bouncing above and below the Buy / Cover Signal line at 3689, eventually closing slightly below.

Fairly inconclusive but a Cover Signal all the same.

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Steve Rushton December 22, 2020No Comments

S&P500 intraday update S&P500 signal

A Wild Day on Wall Street

A huge gap down well below the Cover Signal level. Cover stop below initial bounce (at 3672).
A Short Signal at 3654 sees 3640 for a bounce and then strength back up through 3654 cancelling the Sell Signal.
Continuing strength above the Cover Short line at 3668 and above the morning highs eventually targeting a full recovery above the Buy Signal line and yesterday's late afternoon trapped buyers.
A successful Rescue Operation.

Buy Signal still active

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Steve Rushton December 21, 2020No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 3675

An overnight recovery and another gap up into a Buy Signal triggered at 3675.

A pullback into 3660 is met with strong buying.

Buy Signal active.

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Steve Rushton December 15, 2020No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal above 3681

Overnight strength and a gap up triggers a Buy Signal at 3686 and a look at 3696 before profit-taking develops into persistent selling leading to a Cover Signal below 3663.

A failed Buy Signal – Cover Signal continues.

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Steve Rushton December 14, 2020No Comments

S&P500 intraday update S&P500 signal

COVER Signal below 3675

A gap up and look at 3712 before persistent selling and a drop below 3675 triggering a Cover Signal.

A recovery attempt into the close is sold into – a Cover Signal at 3675.

We will await the next signal.

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Steve Rushton December 9, 2020No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal above 3583

Market gaps up above the Buy Signal line (3583). Gap and go – No pullback. Entry at 3601.

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Steve Rushton November 24, 2020No Comments

S&P500 intraday update S&P500 signal

Cover Signal at 3577

Market takes a look at 3619 before starting to deteriorate, and selling becoming stronger below 3600.

A rapid decline below 3600 in the last hour triggers a Cover Signal at 3577.

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Steve Rushton November 18, 2020No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal below 3424

Market opens significantly lower – below the Cover Signal line at 3447 – attempts a recovery to 3437 and quickly starts selling triggering a Sell Signal below 3424.

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Steve Rushton October 26, 2020No 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 active below 7462 st 7440 on 17 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

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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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It’s what the drunk grave robbers couldn’t stuff in their sacks.
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“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.”
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