Trading the Line

Pesach

The market winds down into the Pesach / Passover / Easter / Eostre / Ostara weekend with a series of looks higher, at 2910 to 2916.

A small megaphone suggesting that the market is not yet ready to move above this level, and the T volume oscillator turns negative flashing a warning.

Price has remained firmly above the S/T Buy Signal level since the gap up on 29 March, but that now looks under threat.

The market is currently at a long projection from the main T structure for a high from the important 29 August high with additional highs projected by the smaller structures for early next week.

Spring in the air.

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 April 18, 2019No Comments

S&P500 intraday update

Market closing at 2900

The market gaps up into 2916 and immediately starts selling strongly.

Another gap up and strong selling from the morning high continues the theme of the week.

As we have a major projection for a high at this time (from the main structure), I am taking the weakness and deterioration in price today seriously.

Still holding up above the Buy Signal / Cover level, and back in the S/T channel, but the reactions above 2900 are telling.

The T volume oscillator drops below zero flashing a warning.

…

Steve Rushton April 17, 2019No Comments

S&P500 daily update

Formula

For those who believe in God, most of the big questions are answered. But for those of us who can't readily accept the God formula, the big answers don't remain stone-written. We adjust to new conditions and discoveries. We are pliable. Love need not be a command nor faith a dictum. I am my own god. We are here to unlearn the teachings of the church, state, and our educational system. We are here to drink beer. We are here to kill war. We are here to laugh at the odds and live our lives so well that Death will tremble to take us.

Charles Bukowski

…

The market opens higher and backs away from 2916, continuing to process price above 2900.

The market is in the area for a projection of a high from the main T structure, and the secondary and cluster structure project into early next week. An echo high is scheduled for 23 April. The combined forces may lead to a conclusion of the current advance.

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

Steve Rushton April 17, 2019No Comments

S&P500 daily update

Just as lightning…

Just as lightning makes no sound until it strikes, the Negro Revolution generated quietly. But when it struck, the revealing flash of its power and the impact of its sincerity and fervor displayed a force of a frightening intensity. Three hundred years of humiliation, abuse, and deprivation cannot be expected to find voice in a whisper.

Martin Luther King Jr, Why We Can't Wait, 1964

…

The market pulls back a little and grinds processing price just above 2900.

Mixed signals continue, but price remains defiantly resilient.

Close to an important projection for a high.

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

Steve Rushton April 16, 2019No Comments

S&P500 daily update

Serse

The market pops up and processes price above 2900.

The T volume oscillator turns back up above zero but is relatively muted considering the jump in price, suggesting some lack of commitment.

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

Steve Rushton April 14, 2019No Comments

S&P500 daily update

Interlinked

"And blood-black nothingness began to spin…
A system of cells interlinked within cells interlinked within cells interlinked within one stem…
And dreadfully distinct against the dark, a tall white fountain played."

Bladerunner 2049, 2017, Dir: Denis Villeneuve

…

The market looks at 2893 and pulls back a little.

Oscillators turning neutral at the highs.

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

Steve Rushton April 12, 2019No Comments

S&P500 daily update

Louie Louie

A fine little girl, she waits for me
Me catch the ship across the sea
Me sailed the ship all alone
Me never think I'll make it home

Louie Louie, oh no no no, me gotta go, oh no
Louie Louie, oh baby, me gotta go

Richard Berry, Louie Louie, 1963

…

Gap up, grind, push and shove as the market gradually moves higher in response to the Fed position.

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

Steve Rushton April 11, 2019No Comments

S&P500 daily update

Sleep alone

Caution of the world he said was over
Caution where we were
Caution where we were
Oh

For a long time we stayed down
And all we said was sleep alone
Watch the city fall
With those eyes so low
Watch the sunlight
Watch it go
Watch the storm rise
Watch the storm fall
Watch the storm rise
I watch the storm fall

Moby, Mere Anarchy, 2018

…

An over-heated and potentially exhausted market slips and slides, finding some end of day support – for now – just above the Buy Signal level.

The T volume oscillator drops, significantly towards zero indicating the lack of buying power apparent yesterday, hinting that we have seen a short term high at the projection from the secondary T structure centered at 08 March.

Watch to see if the shallow declining angle from the high contains any further recovery advances and / or if this starts to set up a declining channel.

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

Steve Rushton April 10, 2019No Comments

S&P500 daily update

Breathe

The market shrugs off a weak opening and continues to head for 2900.

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

Steve Rushton April 9, 2019No Comments

S&P500 daily update

Milos

The market thrusts higher on the echo and pulse high to close just below the important 2900 level and not far from the upper extreme of the channel.

Although we should be prepared for some kind of pull-back or weakness after the echo and pulse highs, the market continues to look strong with both oscillators displaying relative strength.

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

Steve Rushton April 8, 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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“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