Trading the Line

Voyager

The market continues to chop around at 3000.

The market awaits clarification from the Fed, and obviously how the market responds to the policy and commentary will have significant influence upon the direction.

Price remains strong but very mixed signals under the hood.

Be prepared for whatever is coming next, and trade with confidence:

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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 17, 2019No Comments

S&P500 daily update

Viriditas

The market gaps down a little but holds up above the Buy Signal line.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton September 17, 2019No Comments

FREE REPORTS

P is for patience

The market rips higher in September and all of a sudden we are back at 3000 and back in the Zone – the Zone that the last wave of selling started at.

As we can see those 3 important August lows with signs of divergence developing in both oscillators suggested a positive outcome as the market refused to break lower than the initial low on 05 August, revealing that the process was one of consolidation, and that patience was required.

So, back near all time highs and at a projection for an initial high from the current T structure and an active Buy Signal.

Is there more?

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As we can see in the chart below with the T volume oscillator*, the oscillator was generally recovering throughout August, hinting of an increase in liquidity and buying power, and that it has now reached a similar level as it did in the early July period – the momentum peak of the last advance.

We can see that the oscillator peaks are not usually associated with the final price highs in the advance except when these occur in bear market rallies, and we can see instead that price usually continues to advance until the oscillator starts to fade, and especially when it drops below zero, making the market vulnerable to a steep decline.

The declining oscillator can therefore be seen as profit-taking, providing the liquidity for buying the dips until such time as price becomes exhausted.

* The T volume oscillator is an indication of Buying Power within the market as a whole

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The weekly chart continues to show a bullish market within the context of the long term trajectory having found support at the long term rising angle and with price now making another attempt on the previous highs.

The oscillator continues to be weak and continues to suggest exploration of the downside ahead, but for now, with price above 2940 or so, the long term trend is still up.

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The monthly chart highlights the important resistance above coinciding with the 4 important peaks.

The Mega T structure projects another important high for October, and the oscillator remains strong supporting the possibility of new highs and perhaps ultimately a break out above that resistance line in due course.

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2019 continues to bring some fast and furious action in the market with a range that continues to be expansive. We can only assume that this will continue. This is a Brave New World.

–

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 continues to keep us on the correct side of the market, with price currently on a Buy Signal since 2887 on 28 August 2019

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

–

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton September 16, 2019No Comments

S&P500 daily update

Zone

Let everything that's been planned come true. Let them believe. And let them have a laugh at their passions. Because what they call passion actually is not some emotional energy, but just the friction between their souls and the outside world. And most important, let them believe in themselves. Let them be helpless like children, because weakness is a great thing, and strength is nothing. When a man is just born, he is weak and flexible. When he dies, he is hard and insensitive. When a tree is growing, it's tender and pliant. But when it's dry and hard, it dies. Hardness and strength are death's companions. Pliancy and weakness are expressions of the freshness of being. Because what has hardened will never win.

Andrei Tarkovsky, Stalker, 1979

…

Some hesitation as a look at the recent high is sold into, and signs of profit-taking.

Buy Signal continues for now as price looks to catch up with itself.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton September 16, 2019No Comments

S&P500 daily update

Magic

And above all, watch with glittering eyes the whole world around you
because the greatest secrets are always hidden in the most unlikely places.
Those who don't believe in magic will never find it.

Roald Dahl, The Minpins, 1991

…

The market gaps up and takes a look at 3020.

Buy Signal continues.

Back at the upper edge of the gray channel

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton September 13, 2019No Comments

S&P500 daily update

Marathon

To stand up straight with your shoulders back is to accept the terrible responsibility of life, with eyes wide open. It means deciding to voluntarily transform the chaos of potential into the realities of habitable order. It means adopting the burden of self-conscious vulnerability, and accepting the end of the unconscious paradise of childhood, where finitude and mortality are only dimly comprehended. It means willingly undertaking the sacrifices necessary to generate a productive and meaningful reality.

Jordan B. Peterson, 12 Rules for Life: An Antidote to Chaos, 2018

…

The current Buy Signal continues higher with a straight up day reaching 3000 on the echo and pulse high.

Price and momentum look very strong but Arms and Put/Call ratios flash warnings of over exuberance.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton September 12, 2019No Comments

S&P500 daily update

Broch

In memory of the tragic loss of life on September 11, 2001.

…

The market marks the range with a look-see at 2960 and a successful test before finding support and heading back higher.

Today is both a scheduled echo high and also a pulse high suggesting that a turn of some sort is imminent.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton September 11, 2019No Comments

S&P500 daily update

Nyon

Selling from the gap up high and buying the dip as the market absorbs the recent price move.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton September 10, 2019No Comments

S&P500 daily update

Hermann

The market chops around at the recent high as the Buy Signal continues.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton September 9, 2019No Comments

S&P500 daily update

Emersion

The market pops out of the box and heads up into the 2980s.

Be prepared for whatever is coming next, and trade with confidence:

Steve Rushton September 6, 2019No 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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Reminiscences of a Stock Operator: Annotated Edition

by Jon D. Markman

With new commentary and Insights on the life and times of Jesse Livermore Reminiscences of a Stock Operator is the fictionalized biography of perhaps the most famous financial speculator of all time–Jesse Livermore. This annotated edition bridges the gap between Edwin Lefevre′s fictionalized account of Livermore′s life and the actual, historical events, places, and people that populate the book. It also describes the variety of trading approaches Livermore used throughout his life and analyzes his psychological development as a trader and the lessons gained through hard experiences.

“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