S&P500 signal - Trading the Line

Hadelin

A push up into the all time high is met with profit-taking at 6120, dropping back and triggering a Cover Signal at 6041.

COVER Signal at 6041.

Sign up here for daily analysis with the updated Buy / Sell trigger levels being generated by the Trading the Line S/T System before the market opens. Trading the Line Membership – includes Explanatory Notes (pdf), and Notes on Day Trading (pdf).

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 February 2, 2025No Comments

S&P500 daily update S&P500 signal

Marcella

A gap higher, triggering an new S/T Buy Signal at 6064 is met with profit-taking and a very brief look below the Cover Signal line at 6034 before moving strongly higher in a difficult and volatile session.

S/T BUY Signal at 6064 and now active above 6041.

Steve Rushton January 30, 2025No Comments

S&P500 daily update S&P500 signal

Solitas

A choppy day of profit-taking, triggering a Cover Signal at 6039 recovering strongly but closing at the Cover Signal line – either a Cover Signal or perhaps still a Buy Signal – hedge accordingly.

COVER Signal at 6039 or Buy Signal still active but only just.

Steve Rushton January 29, 2025No Comments

S&P500 daily update S&P500 signal

Raven

A strong push higher, triggering an S/T BUY Signal at 6062

S/T BUY Signal at 6062.

Steve Rushton January 28, 2025No Comments

S&P500 daily update S&P500 signal

Trajan

A massive drop at the open – well below the Cover Signal line – is met with choppy buying.

COVER Signal below 6050 at 5965.

Steve Rushton January 27, 2025No Comments

S&P500 daily update S&P500 signal

Ingenioso

A huge gap higher, pushing up into 5960.

S/T BUY Signal above 5878 at 5925.

Steve Rushton January 15, 2025No Comments

S&P500 daily update S&P500 signal

Sagicho

A roller-coaster day with strong selling from a gap higher, reactivating the Sell Signal below 5811 before recovering strongly back above the Cover Signal line at 5835 and then dropping back again before closing strongly.

S/T SELL Signal at 5811
COVER Short Signal at 5835

Steve Rushton January 14, 2025No Comments

S&P500 daily update S&P500 signal

Cervula

A large gap lower is met with choppy buying and short covering, closing at the high of the day. The Cover Short Signal line moves down to the closing price at 5835 suggesting to take profit on the short position if not already done so.

COVER Short Signal at 5936 – recovery from low and closing at the high.

Steve Rushton January 13, 2025No Comments

S&P500 daily update S&P500 signal

Market closing at 5827

Strong selling from the open, gapping lower and triggering an S/T SELL Signal below 5887. Attempting a recovery from 5820 but closing near the lows of the day.

S/T SELL Signal below 5887 at approx. 5875

…

Steve Rushton January 11, 2025No Comments

S&P500 daily update S&P500 signal

Rock

A quick look at 6000 is met with strong selling, triggering a Cover Signal at 5925 and a brief look below the Sell Signal line at 5901 just before the close – an unconfirmed S/T Sell Signal at 5901.

COVER Signal at 5925
S/T SELL Signal at 5901 – unconfirmed.

Steve Rushton January 7, 2025No 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.
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.
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The contract between the lash and the whipping post.
A quilt of dreams stitched with facts.
A meaningless argument among whores.
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The parking lot at the Mall of Fears.
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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.”
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