S&P500 signal - Trading the Line

COVER Signal at 2820

A COVER Signal with the move below 2820 and although the market attempted to recover it was not quite enough to hold onto the Buy Signal level.

We will await the next signal.

Steve Rushton July 27, 2018No Comments

S&P500 daily update S&P500 signal

San Fermin

Another gap and another S/T Buy Signal at 2726. This time with follow through into the close and with improvement that confirms the new small T centered on the 27 June price and oscillator low.

Starting to move above the declining resistance – perhaps another attempt at the recent high.

Next negotiation is the combination of a pulse and echo high scheduled for monday.

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 July 6, 2018No Comments

S&P500 daily update S&P500 signal

Brissarthe

An S/T BUY Signal at 2729 and the market reaches out to 2740 to find declining resistance still very much active.

Buy Signal not confirmed as the market drops back into the close.

Market neutral but vulnerable.

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

Steve Rushton July 2, 2018No Comments

S&P500 daily update S&P500 signal

Heimerad

The market makes a failed attempt at a Buy Signal at 2745 and quickly reverses, moves below 2731 and triggers a continuation Sell Signal which continues down into the close.

Continuation Sell Signal at 2730, cover at the close to protect from an overnight bounce.

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

Steve Rushton June 28, 2018No Comments

S&P500 daily update S&P500 signal

Hamelin

Market gaps down below the S/T SELL Signal level and initiates strong selling into the 2700 'support' area.

Strong buying in late afternoon bounce.

Recommend a Cover position at the close.

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

Steve Rushton June 26, 2018No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 2762

The market gapped down and although it did recover significantly from the lows of the day, it did not close back above the Buy Signal line.

Steve Rushton June 19, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal above 2719

A gap up and go day on positive news – up above the Buy Signal level at 2619 with strength into the close.

Steve Rushton June 1, 2018No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 2710

A gap down and a move below the Buy / Cover Signal line at 2710.

Market managed to close the gap but the selling resumed into a 2pm low at 2700.

Continued weaknesss into the close.

COVER Signal confirmed.

Steve Rushton May 31, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 2720

The market rebounds and pushes up through the S/T BUY Signal level at 2720.

Steve Rushton May 31, 2018No Comments

S&P500 intraday update S&P500 signal

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

“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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A quilt of dreams stitched with facts.
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