Trading the Line

Dolorosa

Another gap up is met with selling quickly re-activating the Sell Signal below 4476.

Market chopping lower, making a slightly lower low in afternoon action.

Sell Signal continues for now.

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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 September 15, 2021No Comments

S&P500 daily update

Milagros

An overnight recovery is met with selling, re-activating the Sell Signal below 4476 and seeing a choppy decline into a low at 4446 before recovering into the close.

Sell Signal continues but with signs of stabilization.

Steve Rushton September 14, 2021No Comments

S&P500 daily update

Priscus

A gap up into 4520 is immediately sold into until finding some interest at 4580 for a bounce.

Further selling in afternoon action triggers an S/T Sell Signal at 4476 with persistent selling into the close.

Steve Rushton September 13, 2021No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal at 4476

A gap up is met with strong selling from the open until finding support for a recovery from 4478 to 4497.

Afternoon selling intensified triggering an S/T Sell Signal at 4476 and declining into the close.

Sell Signal active

…

Steve Rushton September 10, 2021No Comments

S&P500 daily update

Sugra

An early push higher sees 4529 before selling takes the market back down and through the Cover Signal line at 4509.

Attempting to hold onto the important 4500 level but giving up into the close.

A Cover Signal.

Steve Rushton September 10, 2021No Comments

S&P500 intraday update S&P500 signal

COVER SIGNAL at 4509

A push higher in early action is met with selling from 4529, and ultimately a break lower triggering a Cover Signal at 4509.

A Cover Signal.

…

Steve Rushton September 9, 2021No Comments

S&P500 daily update

Moth

Continuing lower and testing the important previous high of 4500 with a decisive drop below the Buy / Cover signal line.

A choppy afternoon recovery from a re-test of the low keeps the Buy Signal active for now.

Steve Rushton September 9, 2021No Comments

S&P500 daily update

Osiris

A slight decline with a test of the Buy / Cover Signal line.

Buy Signal continues for now.

Steve Rushton September 8, 2021No Comments

FREE REPORTS S&P500 daily update

Rosalia

All numbers refer to SPX

…

Market continuing to mark out the new higher range into the labor day holiday.

Buy Signal continues.

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A second day of similar action at the new high, marking out the range and processing the price high with another choppy grind towards the high. Price action continues to be bullish but slightly hesitant and hinting at the possibility of a decline but without any fundamental change.

At, or near the next projection for a high and still in-line with the new T structure with initial highs projected from the recent price highs for 23 August, and 30 August (acheived), followed by early September, and with full potential into mid September.

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The T volume oscillator ¹ made a renewed Buy Signal on 23-24 August with a rise upwards through the cash build up line ² confirming the new active T structure emerging from the 19 August low with projections for highs from the previous oscillator and price highs for 25 August and 23 August repectively (acheived), and beyond into late August and with full potential into early September.

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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In the weekly chart, we can see that price continues to be strong within the rising channel established over the past year, but it is near the upper edge of the channel and perhaps over-extended as it is again outside of the bollinger bands and this might eventually be setting up a snap-back towards the mean.

The large structure, centered at the March 2020 low projected strength into Mid July and early August, with another projection into perhaps a more important high for mid September 2021, projected from the high in September 2018.

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The monthly chart continues to look excessive but very strong.

The current large structures project highs for August and/or for September 2021 and possibly longer into March and/or May 2022.

We should therefore be prepared for a change in direction (or consolidation) to occur soon.

…

2021 continues with a range that has become increasingly expansive since the move above 2500. With price above 4400 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 4437 on 20 August 2021.

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

–

Steve Rushton September 4, 2021No Comments

S&P500 daily update

Marinus

Market gaps up and quickly makes new highs at 4545 before chopping sideways and then declining to re-test the gap.

Buy Signal continues.

Steve Rushton September 3, 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