S&P500 signal - Trading the Line

All Saints

A pop and rally as the market opens up significantly above the Buy Signal line at 2687 but ultimately ends back at even as the market continues with its now characteristic afternoon sell-down.

An S/T Buy Signal at 2711.

A recovery of sorts but finding some strong negative forces on the declining angles, too far too soon.

Expect more deeply choppy bipolar behaviour as the market continues to resolve its problem.

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

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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 October 31, 2018No Comments

S&P500 daily update S&P500 signal

Edge Hill

An S/T Sell Signal at 2774 in early trade sees the market down at 2750 before a strong bounce at 'rising support' and a choppy remainder of the day.

Strong bounce and no follow through – Cover at 2760.

An Osc Buy Signal reflecting the 'stabilisation' since the low last week but the severe downtrend remains in place with the market selling into any strength.

Bear Market Warning flashing again, and the weekly trend turns neutral.

The market is currently in trouble and should be treated with extreme caution.

Futures indicate a serious drop at the open and how the market responds will be revealing.

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

Steve Rushton October 22, 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 daily update S&P500 signal

Twilight

A gap up above the Buy Signal level and head for the recent highs triggers another Buy signal at the open. The market continues to follow the recent script and having taken a look-see at 2937 finds profit-taking again, intensifying in afternoon action.

The market closed just above the Buy Signal line but it seems that we still have significant downward pressure from the recent price high.

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

Steve Rushton October 2, 2018No Comments

S&P500 daily update S&P500 signal

Banana

There she goes
There she goes again
Racing through' my brain
And I just can't contain
This feelin' that remains

The Velvet Underground, There She Goes Again, 1967
Songwriter: Lou Reed

–

Well, the Fed speaks and the market reacts providing traders with the brief opportunity to sell in the vicinity of the recent all time high, followed by a rapid descent which triggered a 'cover' signal at 2909.

At the very least we should now expect some kind of stabilisation phase as the market looks to find support, with the possibility of further selling.

Yesterday's action suggests to me that the current T structures may be complete, and that a corrective phase may now be necessary.

The rapid drop in the T volume oscillator since the high on Friday morning is flashing a warning as one would normally expect to see some follow through from a thrust in the oscillator, and so, for now, last week looks like distribution at the high.

Watch the declining angles from the high, rising support lines and averages, and the oscillators for signs of stabilisation as we wait for the next signal.

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

Steve Rushton September 27, 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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“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.
The mind is the Bullion Express and the blood on the tracks.
The mind is a stone door.
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