S&P500 signal - Trading the Line

S&P500 intraday update S&P500 signal

Buying above 2292

Early morning strength seems to be confirmed so far, so we have an S/T Buy Signal at 2292 this morning.

Maybe we have a few days of strength.

Tight trailing stop and hedge accordingly.

Steve Rushton February 3, 2017No Comments

S&P500 intraday update S&P500 signal

Cover at 2083

No Sell Signal today but failure to recover back beyond 2083 is a cover Signal.
Although the market did rally into the close significant damage was done today and so we await the next signal.

Steve Rushton January 30, 2017No Comments

S&P500 daily update S&P500 signal

S/T Buy Signal re-confirmed with move out of the chopshop and congestion of the past few days, and the rise in the T volume oscillator confirms the possibility of a small T with potential into the end of the month.

The conflict of course is the arm of the larger T structure that expired yesterday, and a cluster of scheduled highs today into Friday, and so it remains to be seen whether this has a major or minor effect – a turnaround or a choppy grind higher.

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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 January 25, 2017No Comments

S&P500 daily update S&P500 signal

Weak Buy Signal

Buy Signal triggered in early trade at 2274, but quickly under threat from descending resistance.
Held above important support but triangulating now, outsized move coming up soon.

There is the possibilty of some follow through into several scheduled peaks early next week, but it does seem likely that there is a significant correction coming soon.

SKEW remains elevated indicating the prescence of fear and possibility of an unexpected event, a black swan.
I suspect that this is related to comments regarding the strength of the dollar.
Keep an eye on this – it is flashing a big red warning.

Steve Rushton January 20, 2017No Comments

S&P500 intraday update S&P500 signal

Cover Signal at 2263

Another probe into the shortside.

After the bounce off 2259, the market is looking like maybe it will recover above the buy cover signal line of 2265 again.

Echoes of late August again.

If we hold onto 2265 into the close the Buy Signal is still active, if not we cover the long signal.

—

Cover at the close of 2263

Steve Rushton January 19, 2017No Comments

S&P500 intraday update S&P500 signal

Fireworks for the New Year

Sent to my readers prior to the open:

And a very warm welcome to 2017

As mentioned, the first test would be last week's pullback to the rising Gann line at 2135 and as we can see the Futures are indicating a strong open and a successful test.

Very Short Term bullish above 2244, and an S/T Buy Signal is confirmed above 2256.

Ideally we also would like to see the T volume oscillator move above zero to activate a small T with strength into MLK.

–

And so an S/T Buy Signal at the open at 2256.
Market fizzled but held onto the Buy Signal (and above the Sell signal level) into the close

Steve Rushton January 3, 2017No Comments

S&P500 intraday update S&P500 signal

S/T Sell Signal below 2242

With the failure of the morning rally off 2242 it seems that we may be getting an S/T Sell Signal.
There is potential support here and also below at 2235, so beware of another bounce and it would be cancelled out by strength above 2250 today.

Steve Rushton December 30, 2016No Comments

S&P500 daily update S&P500 signal

Cover at 2258

Cover Signal at 2258 as a lack of buyers at 2270 coincides with the decline in momentum and reinforced by OSC oscillator Sell Signal.

S/T Sell signal not yet triggered and we have strong rising support lines but according to the T structure this is the downdraft from the September 12 bounce and another arm of the T structure expires tomorrow suggesting that we may suffer a lack of buying power into New Year whilst the market stabilises.

To receive further analysis, more clarity and the updated daily Buy / Sell levels being generated by the system before the market opens, please Sign up for Alerts & Observations

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 & 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.

Steve Rushton December 28, 2016No Comments

S&P500 daily update S&P500 signal

Continuation Buy Signal at 2202

Market popped up above the Buy Signal line triggering an S/T continuation signal with the bounce from the breakout line.

To receive further analysis, more clarity and the updated daily Buy / Sell levels being generated by the system before the market opens, please Sign up for Alerts & Observations

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 & 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.

Steve Rushton December 6, 2016No Comments

S&P500 intraday update S&P500 signal

Covered at 2195

Today's failure to bounce at 2195 initiates a cover signal and a wait for the market to stabilise.

Steve Rushton December 1, 2016No 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.
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