S&P500 signal - Trading the Line

S&P500 daily update S&P500 signal

Cover at 1932

Reversal back below the 55ema and at the ellipse suggesting that the 'bounce' is now in.

Note re-drawn T structure with cluster centre at February 14 seems to be fitting more accurately.

Steve Rushton March 1, 2016No Comments

S&P500 intraday update S&P500 signal

Cover at 1899 and go short at 1893

Cover long position at 1899, short signal at 1893.
Buy above 1924

Steve Rushton February 24, 2016No Comments

S&P500 daily update S&P500 signal

S/T Buy Signal at 1860

Buy Signal in late trade, confirmed by the close.
T volume Oscillator also turns positive.

The 2nd low and oscillator divergence is a potentially good sign suggestive of a possible T structure pointing to March and April highs, maybe even 2025-2050.

However, we can expect significant resistance in the 1870-1920 area.

Watch the ellipse to confirm whether or not we are still in a strong down trend as the alternative suggestion is a target of 1750 – 1620.

Steve Rushton February 13, 2016No Comments

S&P500 daily update S&P500 signal

S/T Sell at 1912

Kind of expected really. Short now.

Steve Rushton February 2, 2016No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal at 1895 if…

Assuming that we close above 1893 then we are back into a Buy mode.
5 days 5 signals, coiling up after that big drop, getting ready for some other big funk move

Steve Rushton January 28, 2016No Comments

S&P500 daily update S&P500 signal

S/T Sell at 1886

Scuppered by bad apples and the fed.
Still winding out the volatility from the recent plunge.
Held above the rising Gann angle so watch that for support now.

Steve Rushton January 28, 2016No Comments

S&P500 intraday update S&P500 signal

Cover and S/T Buy at 1894

Cancel out that Sell Signal, continue with the long signal.

Steve Rushton January 26, 2016No Comments

S&P500 intraday update S&P500 signal

S/T Sell at 1880

Cover and sell short at 1880.

Steve Rushton January 25, 2016No Comments

S&P500 intraday update S&P500 signal

S/ T Buy at 1901

Price holding the gap above 1886. Cover and go long at 1901.

Steve Rushton January 22, 2016No Comments

S&P500 signal

S/T Sell Signal at 2045

A valient attempt at a recovery but failure into the close.
Happy New Year.

Steve Rushton December 31, 2015No 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.

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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 parking lot at the Mall of Fears.
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The mind is neither either nor or.
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