S&P500 signal - Trading the Line

COVER Signal at 2754

The market continued lower again today and triggered a Cover Signal at 2754.

Although the market bounced about in the 2740 to 2760 area this afternoon – and looked as though it may recover – the close below 2754 is a Cover Signal.

We will await the next signal.

Steve Rushton March 14, 2018No Comments

S&P500 daily update S&P500 signal

Colette

Initial weakness is bought strongly and the market moves rapidly higher through the Buy Signal line at 2713.

The strong move up is supported by the T volume oscillator which moves up to the zero level.

A positive development but further strength is still required to fully re-activate the cash-build up from December and release the market to the upside.

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 March 6, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 2713

A strong move up through the Buy Signal level and held into the close.

Steve Rushton March 5, 2018No Comments

S&P500 daily update S&P500 signal

Losing Ground

Losing ground
Under my feet
There's a low rumbling
There's a crack in the street
It's just no good
It's just no good anymore
Everything I do
Has been done before

Yeah I found my voice
Yeah I got nothing to say
The whole thing started
Cause my mind has gone away
I used to get high
Now I just get lost
I used to bark at the moon
The first one I came across

PJ Harvey, Losing Ground, 1996

–

Initial weakness triggers a Sell signal at 2705 but this is quickly bought with a surge to 2730.

The selling resumes and another Sell Signal is triggered at 2705 in early afternoon trade with the market dropping quickly to find buyers at 2660 and a slight recovery into the close.

Sell Signal still active but suggest to take profits yesterday and re-assess this morning. Look for selling into bounces to continue if the market is going lower.

With weakness below the important pivot we are now looking for another low and a new structure to form in due course. Watch for divergence.

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

Steve Rushton March 2, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL at 2705

A false start this morning with an S/T Sell Signal at 2705 which bounced rapidly and surged to 2729.

From that point the market worked its way lower and finally broke 2705 in early afternoon trade.

Steve Rushton March 1, 2018No Comments

S&P500 daily update S&P500 signal

Yoke

Brothers be ye constant.
The yoke which with single mind ye have taken, bear ye to the end;
and whatsoever ye have seen with me and heard, keep and fulfil.

Saint David, † 589

–

The market continues to sell into any strength and continues lower into the close with a Cover Signal triggered at 2734.

The T volume oscillator drops again significantly in-line with the selling and this now establishes 26 February as an important high, putting the new T under increased pressure and it may now be collapsing or complete. This now identifies 24 January as an important beginning of the decline from the all time high.

This of course now places the market back at what was important support for another test of strength.

IF the selling continues we will be looking for another low to combine with the previous one and form another T structure in due course.

IF the market recovers rapidly, we have additional projections for highs in early and late March.

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

Steve Rushton March 1, 2018No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 2734

Some initial buying interest but this morning the market was still selling into 'strength'.

An afternoon attempt at 2759 is sold into and we are quickly down towards 2735.

Relentless selling this afternoon with barely a bounce at 2730 and heading towards the previous support base around 2700.

Cover Signal at 2734 and confirmed at the close.

Wait for more stabilisation and the next signal.

Steve Rushton February 28, 2018No Comments

S&P500 signal

Tulsa

S/T Buy Signal at 2717

The market gaps up above the Buy Signal level at 2712, pulls back to find support and then heads higher.

A strong gap up and go and close at the highs type day, with just that a little bit of hesitation midday to remind us of the previous days' afternoon selling.

Strength above the Mid-Channel is a very positive development, and the T volume oscillator moves back above zero supporting the continued projections for highs in March.

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

Steve Rushton February 23, 2018No Comments

S&P500 daily update S&P500 signal

In the Forest

In the forest lives a monster
he has done terrible things
so in the wood it's hiding
And this is the song he sings

Who will love me now
Who will ever love me?
Who will say to me
You are my desire
I'll set you free

(Who will love me now)
Who will forgive and make me live again
Who will bring me back to the world again
(to the world again)

PJ Harvey, Who Will Love Me Now?, 1998

–

The Market gaps up and heads higher finding support above 2725 into the Fed announcement that adds a burst of adrenalin and a surge into 2747.

Unfortunately the market then reacts violently and the resulting sell off continues into the close and triggers a Cover Signal at 2701. Something is wrong.

The T volume oscillator drops hard below zero and the negative action in price raises a short alert and the possibility of further selling.

Again the market behaves in a a violent and unpredictable manner in-line with the high levels of volatility indicated by the Vix.

Dangerous market conditions continue.

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

Steve Rushton February 22, 2018No Comments

S&P500 daily update S&P500 signal

Gilgamesh

The epic of Gilgamesh
A pretty little black A-line dress
I give to you
The spinal cord of JFK
Wrapped in Marilyn Monroe's negligee
I give to you
I want nothing in return
Just the softest little breathless word
I ask of you
A word contained in a grain of sand
That can barely walk, can't even stand
I ask of you

C'mon baby, let's get out of the cold
And gimme, gimme, gimme your precious love for me to hold

Grinderman, Palace of Montezuma, 2010
Songwriters: Nick Cave, Warren Ellis, Martyn P. Casey, Jim Sclavunos

–

An S/T BUY Signal at 2661 confirmed at the close.

Short Alert still active.

A gap down at the open is gradually shrugged off and the market grinds higher and up into an S/T Buy Signal at 2661.

Caution still required due to the high volatility and recent collapse in price, but the signs are that the market is now improving.

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

Steve Rushton February 14, 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

More Recommended

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