Like cloud and water

Choice is the act of hesitation that we make before making a decision,
it is a mental wobbling.
And so we are always in a dither of doubt,
as to whether we are behaving the right way or doing the right thing,
and so on and so forth…and lack a certain kind of self-confidence.
And if you see you lack self-confidence,
you will make mistakes through sheer fumbling.
If you do have self-confidence
you may carry get away with doing entirely the wrong thing.

You have to regard yourself as a cloud, in the flesh.
Because you see, clouds never make mistakes.
Did you ever see a cloud that is misshapen?
Did you ever see a badly designed wave?
No, they always do the right thing.
But if you would treat yourself for a while as a cloud or wave,
and realize you can’t make a mistake, whatever you do,
cause even if you do something that seems to be totally disastrous,
it will all come out in the wash somehow or other.

Then through this capacity, you will develop a kind of confidence,
and through confidence, you will be able to trust your own intuition.
But this is the middle way,
of knowing it has nothing to do with your decision to do this or not,
whether you decide you can’t make a mistake
or whether you don’t decide it, it is true anyway,
that you are like cloud and water.
And through that realization without overcompensating in the other direction,
you will come to the point of where you begin to be on good terms with your own being
and to be able to trust your own brain.”

Alan Watts, Choice

Markets pull back slightly from all time highs as we enter December.

Chart of S&P500 for 02 December 2019

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.

 

New Rose

I got a feeling inside of me
It's kind of strange like a stormy sea
I don't know why, I don't know why
I guess these things have got to be

I got a new rose, I got it good
Guess I knew that I always would
I can't stop to mess around
I got a brand new rose in town

The Damned, New Rose, 1976
(songwriter: Brian James)

The market celebrates Thanksgiving with a push into the 3150s.

Fully loaded?, maybe…

Chart of S&P 500 for 29 November 2019

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.

 

Rose

I'll shoot the moon
Right out of the sky
For you baby
I'll be the pennies
On your eyes
For you baby

I want to take you
Out to the fair
Here's a red rose
Ribbon for your hair

Tom Waits, I'll shoot the Moon, 1993

….

The market continues to shoot for the moon, driving higher into 3140.

Relentless Buy Signal continues into Thanksgiving.

Chart of S&P 500 for 27 November 2019

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.

Lucent

The market pops to the upside with a gap and go taking out the previous all time high.

Buy Signal continues.

Chart of S&P500 for 26 November 2019

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.

Field

Strong selling into the gap up finds support at 3100 for another attempt at the highs.

Buy Signal continues.

Chart of S&P 500 for 25 November 2019

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.

 

Clement

Another challenge to the current Buy Signal with a probe lower to 3095 but holding up above the Buy Signal level at the close, just.

Chart of S&P 500 for 22 November 2019

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.

 

Romer

The first serious challenge to the current Buy Signal with a drop below 3100 finding support at 3092 and closing back above the Buy Signal level.

A Pulse high today and an Echo high tomorrow.

Chart of S&P 500 for 21 November 2019

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.

 

Berc

A look at 3027 initiates profit-taking in a choppy session.

The Buy Signal continues but the T volume oscillator turns negative again.

Chart of S&P 500 for 20 November 2019

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.

 

Prestige

The market pushes a little higher above 3120.

Buy Signal continues.

Chart of S&P 500 for 19 November 2019

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.

 

Promise

A girl consumed by fire
We all know her desire
From the plans that she has made
I had her on a promise
Immerse me in your splendour
All the plans that I have made

The Stone Roses, This is the One, 1992

The market ends a choppy week with a a gap up and go above 3100.

A relentless Buy Signal continues.

Chart of S&P 500 for 18 November 2019

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.