Trading the Line

Yalda

A failed Buy Signal with a gap lower into a Sell Signal and some extremely volatile action with a sharp recovery back to breakeven before a resumption of the selling and volatility.

Dangerous market conditions.

Sell Signal active.

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 intra-day alerts when appropriate, please become a Member and Sign up for Alerts & Observations – includes access to Members Area, Explanatory Notes (pdf) for all of the concepts discussed, 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 December 20, 2021No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal at 4638

An extremely volatile day with a gap down below the Cover Signal and into a Sell Signal at 4638.

Strong buying off the lows cancelled the Sell Signal at breakeven with the push higher into 4666 briefly re-activating a Buy Signal above 4661.

Strong selling from the highs re-activating the Sell Signal and a weak but volatile close

Sell Signal active

…

Steve Rushton December 17, 2021No Comments

S&P500 daily update

Saturnalia

An overnight push higher is heavily sold into with a drop back to 4652 and triggering a Cover Signal before a volatile bounce back to 4685 keeps the buy signal active, for now.

Steve Rushton December 17, 2021No Comments

S&P500 daily update

Posadas

A huge move up in response to the FED and a new Buy Signal at 4670.

Steve Rushton December 16, 2021No Comments

S&P500 daily update

S/T BUY Signal at 4670

A choppy decline below the Sell Signal line whilst waiting for the FED.

Initial selling is met with very strong buying into 4660 before dropping back and then a really strong move higher up through the Buy Signal line at 4670 with a push above 4700.

Buy Signal active.

….

Steve Rushton December 15, 2021No Comments

S&P500 daily update

Mesmin

A huge drop below the Cover Signal line and an initial surge to 4660 before dropping rapidly into towards 4600 looking for support.

An S/T Sell Signal triggered at 4641 but a strong afternoon recovery suggesting to cover or hedge above 4630.

Sell Signal active.

Steve Rushton December 15, 2021No Comments

S&P500 intraday update

S/T SELL Signal at 4641

A huge overnight drop is met with strong buying into 4660 (allowing to Cover at 4658) before very strong selling drops the market below the Sell Signal line at 4641 and eventually into a low at 4607.

Strong buying from the low back above 4625 suggested a more sustained recovery back up to 4647 before dropping back into the close.

Sell Signal active but because of the strong bounce I recommend covering or hedging the Short position above 4630 to protect profits.

…

Steve Rushton December 14, 2021No Comments

S&P500 daily update

Ronin

A very choppy and erratic decline from 4700 making a low at 4673 before attempting a recovery to 4690 but followed by late day selling and a disappointing close.

Buy Signal continues for now.

Steve Rushton December 14, 2021No Comments

FREE REPORTS S&P500 daily update

Lucia

All numbers refer to SPX

…

Some very strong buying since making lows around 4500 on 01 and 03 December quickly taking the market back to the all time highs.

A new Buy Signal at 4581 on 06 December and a new active T structure.

Should we expect further highs?

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Very strong and intimidating price action intermixed with some sharp selling as the market muscles its way higher.

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The T volume oscillator ¹ started to deteriorate after 09 November and especially after 17 November, in-line with previous projections for a high giving some warning of the subsequent selling. Having made a low with the heavy selling on 01 December, the oscillator then made a Buy Signal on 06 and 07 December with a strong move up through the declining cash build up line² of the oscillator indicating the potential for a large T structure emerging

The oscillator projects strength from the previous oscillator highs into the next series of highs via the oscillator lows, and the price highs also project strength from the previous price highs into the next series of price highs via the price lows. The T structures project the current highs with potential into the Christmas holiday and possibly beyong into New Year.

¹ The T volume oscillator is an indication of Buying Power within the market as a whole
² The cash build-up line is a declining line drawn above a series of lower highs made in the oscillator.

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The weekly chart shows a strong recovery from the weekly 21 ema back to the high forming a new small T which projects strength into the week ending 24 December – also in-line with the small T at the previous low.

If the large T structure is still larger, we can project the next major highs for the week ending 07 January, with the possibility of longer projections into early April and mid-late May 2022.

The rising line under the recent lows is an important support line, and a significant break of that area would be a serious warning.

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The monthly chart continues to show strength with a strong recovery from last months spike high. The previous high was in-line with the projection for a high from the large T Structure centered at the March 2020 low, which continues to project highs into March and May of 2022.

…

2021 continues with a range that has become increasingly expansive since the move above 2500. With price above 4500 we can only assume that this will continue. This is a Brave New World and we should trade accordingly.

–

Regardless of whether the market can continue higher or whether significant lows are ahead of us, the simplicity of the proprietary price based S/T Signalling System will continue to keep us on the correct side of the market, with price currently back on a Buy Signal since moving above 4581 on 06 December 2021.

If you would like to learn more about using the S/T Signalling System please get in touch.

–

Be prepared for what 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 as well as the new 'Notes on Daytrading' which provides insight into how to look for shorter term entries and exits within the context of the S/T Signalling System.

Steve Rushton December 11, 2021No Comments

S&P500 daily update

Exsurge

A choppy decline from the open into a low at 4675, and a grind back to 4695 before declining into the close.

Buy Signal continues.

Steve Rushton December 10, 2021No 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 at 6756 on 11 Mar

S/T BUY Signal above 6826 on 10 Mar

COVER Short Signal above 6792 on 10 Mar

S/T SELL Signal at 6765 on 10 Mar

COVER Short Signal above 6772 on 09 Mar

S/T SELL Signal below 6810 on 06 Mar

COVER Short Signal above 6822 on 05 Mar

S/T SELL Signal below 6822 on 05 Mar

COVER Signal below 6849 on 05 Mar

S/T BUY Signal at 6882 on 04 Mar

COVER Short Signal above 6849 on 04 Mar

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.”
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