S&P500 signal - Trading the Line

Rock Dag

A very strong reversal, triggering an S/T BUY signal at 2483, quickly erasing all of the previous days' losses and closing above the recent area of resistance.

A renewed Buy Signal within the context of the recent T structure.

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 January 6, 2019No Comments

S&P500 daily update S&P500 signal

Spirit

The market drops out of the gate and triggers an S/T Sell Signal below 2471.

Heavy volatility continues to rock the markets.

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

Steve Rushton January 4, 2019No Comments

S&P500 daily update S&P500 signal

John

A surge to release some of the negative pressure, and an S/T BUY signal at 2450.

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

Steve Rushton December 27, 2018No 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:

Steve Rushton December 13, 2018No Comments

S&P500 daily update S&P500 signal

Horizon

The market gaps up huge and after a some looking at 2674 the selling resumes triggering an S/T Sell Signal at 2666. The strong bounce at 2622 signals enough for the time being and we see a bounce to 2660 before selling resumes into the close.

Cover at or prior to the close at 2636 and let's see what happens next.

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

Steve Rushton December 12, 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 daily update S&P500 signal

Nobel

Signs of life as the market moves up and closes above the recent highs at 2670, triggering an S/T Buy Signal.

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

Steve Rushton November 27, 2018No Comments

S&P500 daily update S&P500 signal

S/T Buy Signal above 2670

Some relief to the selling with a gap up and an attempt at a Buy Signal. A pullback into the area of a Sell Signal finds support for another attempt at the Buy Signal level which is confirmed at the close.

Steve Rushton November 26, 2018No Comments

S&P500 daily update S&P500 signal

Essex

A weak open and the market quickly drops below the Sell Signal level at 2720 with a strong linear move down into the area of recent support around 2684.

Bearish market behaviour continues with selling from a failed Buy Signal.

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

Steve Rushton November 20, 2018No Comments

S&P500 daily update S&P500 signal

St Brice

No follow through to Friday's recovery and the market drops rapidly triggering a cover signal at 2770.

Heavy selling finds the market looking for support at the Mid-channel, triggering an S/T Sell Signal below 2735 which is initially unsuccessful.

Failure at 2750 in erratic late afternoon action triggers another Sell Signal at 2735 as the market declines into the close. As usual cover short positions overnight.

Failure to recover from 2770 results in another Bear Market Warning.

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

Steve Rushton November 13, 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.
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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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The parking lot at the Mall of Fears.
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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.”
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