Trading the Line

Faustus

The market continues its gradual decline with a drop to 2877, triggering a Cover Signal at 2890.

Although a strong bounce took price back up to 2894, the close was below the Cover Signal line (just), completing the recent Buy Signal, and suggesting that we now wait for the next confirmed signal.

Watch the declining resistance line and the oscillators for evidence of renewed strength.

Be prepared for whatever 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.

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 6, 2018No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 2990

A cover Signal at 2990

The strong bounce off 2877 sees the market back above but the close is just shy of the signal line.

We will await the next signal.

Steve Rushton September 5, 2018No Comments

S&P500 daily update

Bertin

The market probes lower, just below the Buy Signal line, finds support and holds up, for now.

Still, within recent declining resistance and weakening as the T volume oscillator turns negative and the Osc oscillator starts to decline.

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

Steve Rushton September 5, 2018No Comments

S&P500 daily update

Hermione

The market ends the dog days, marking out a gentle decline but holding up above the Buy signal line.

The T volume oscillator remains below zero and flashes a warning but the Osc oscillator continues to look strong.

It would seem that without a negative catalyst, the market will continue to probe higher.

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

Steve Rushton September 4, 2018No Comments

S&P500 daily update

Medcaut

The market finds some selling pressure above 2900.

The T volume oscillator drops below zero, flashing a warning.

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

Steve Rushton August 31, 2018No Comments

S&P500 daily update

Disappearance

The market continues its price discovery above 2900 and continues to play hard… catch up quick or fear of missing out.

Oscillators continue to be strong and the current breakout in price threatens significantly higher prices for the Fall, with the current active T structures projecting highs into September.

A break below rising support levels might dampen the mood but would likely be seen as a buying opportunity.

This train waits for no-one (again).

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

Steve Rushton August 30, 2018No Comments

S&P500 daily update

Decollation

The market opens up and takes a look-see a little above 2900.

Some profit-taking evident from the T volume oscillator.

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

Steve Rushton August 29, 2018No Comments

S&P500 daily update

King

I have a dream that one day this nation will rise up and live out the true meaning of its creed: “We hold these truths to be self-evident: that all men are created equal.”

Martin Lurther King, I have a Dream, 28 August, 1963

–

The market 'pops' and moves higher, now in-line with the series of recent highs since April.

Oscillators are strong and supporting the breakout in price.

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

Steve Rushton August 28, 2018No Comments

S&P500 daily update

Tiptoe

The market shrugs off its earlier weakness and moves up through declining resistance to close at a new all time high.

The T volume oscillator turns positive again in support of the strength in price.

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

Steve Rushton August 27, 2018No Comments

S&P500 daily update

Nostalgia

The market takes another quick look see near the all time high and finds some declining resistance.

The T volume oscillator drops below zero and flashes a warning, turning neutral.

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

Steve Rushton August 24, 2018No 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.”
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“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.”
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>“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.
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A meaningless argument among whores.
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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.”
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