Trading the Line

Firgun

Firgun is an informal modern Hebrew term and concept in Israeli culture, which describes genuine, unselfish delight or pride in the accomplishment of the other.

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The market takes a pause for breathe at 2800 in-line with the recent projection for a high.

A pullback of course is a possibility, or perhaps a marking out of an upper range.

Some signs of deceleration as the T volume oscillator drops towards the important zero level.

Today is another scheduled pulse high with perhaps a more important echo high on Friday.

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 July 17, 2018No Comments

FREE REPORTS

Dog days

I do apologise, it has been rather a long time since my last free report.

The market rises into the dog days of summer out of a volatile consolidation at the important 2700 level with 2018's gappy and choppy character continuing into the summer months with the May recovery superceeded by the June recovery and the more recent advance to 2800 in July.

Each of the declines has projected highs with small T structures reinforcing and overlapping each other. Weakness brings renewed strength as value buyers soak up the relative cheapness of price and this stimulates renewed buying.

As you can see the recent advance is now at a critical juncture with an important initial projection from the recent T structure projecting the current high. We may see some weakness and consolidation here, perhaps even a pull-back. It is entirely possible that the current structure is larger and that there are further highs ahead, and the relative strength of the market hints at this, but we should be prepared for both scenarios.

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Zooming out to a one year chart, below, we can see that the market seems to be in a trajectory that should see it return to the all time high, and beyond, and that the January high and subsequent collapse could now be viewed as an anomaly – as the market moved up too far out of its trend and then dramatically lower to re-set its course.

So, the market is back on course, chopping and grinding higher, each decline providing fuel for the next advance.

Note also that the T volume oscillator in the chart below has recently displayed greater strength, in efffect breaking upwards from the range-bound oscillation and suggesting the possibility of future out-performance and further recovery in due course.

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In the weekly chart we can see that the volatile range-bound action is improving with a weekly move up out of the recent triangulation.

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All in all, an exciting year so far as 2018 continues to bring with it some excellent opportunity and a range that is far beyond the experience of recent years. We should expect it to continue and trade accordingly. This is a Brave New World.

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Regardless of whether the market can sustain its current advance or whether another, perhaps deeper, low is 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, providing a timely Buy signal and a green light, for now.

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

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

Steve Rushton July 16, 2018No Comments

S&P500 daily update

Trinity

On July 16, 1945 the world witnessed the first atomic bomb test codenamed Trinity by the lead physicist J. Robert Oppenheimer, in a conflicted homage to John Donne’s poem:

Batter my heart, three-person'd God, for you
As yet but knock, breathe, shine, and seek to mend;
That I may rise and stand, o'erthrow me, and bend
Your force to break, blow, burn, and make me new.
I, like an usurp'd town to another due,
Labor to admit you, but oh, to no end;
Reason, your viceroy in me, me should defend,
But is captiv'd, and proves weak or untrue.
Yet dearly I love you, and would be lov'd fain,
But am betroth'd unto your enemy;
Divorce me, untie or break that knot again,
Take me to you, imprison me, for I,
Except you enthrall me, never shall be free,
Nor ever chaste, except you ravish me.

John Donne, Holy Sonnets: Batter my heart, three-person'd God, c. 1620

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The market peeps above 2800 for a look-see at a high projected by the new small T structure with the possibility of some kind of pullback or consolidation now.

Whether there is more remains to be seen as this T could certainly be larger and could draw strength from the May declines. If that is the case we have projections into August.

For now, the market is well above the current Buy Signal level. Watch out for weakness developing in the oscillators for hints of further downside.

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

Steve Rushton July 15, 2018No Comments

S&P500 daily update

Touch

Just tell me what you're feeling
I'm feeling with you
You touch my mind in special places
My heart races with you

UNKLE feat. Liela Moss, Touch Me, 2015

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A gap up and go day as the market recovers from its midweek blues and heads for 2800.

Today we have a projection for a high from the new T structure, and then we shall see if it is larger…

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

Steve Rushton July 13, 2018No Comments

S&P500 daily update

Bisbee

A gap down and grind sideways as the market absorbs the news and suggests a marking out of a new upper range.

Still above the Buy Signal level with strong momentum.

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

Steve Rushton July 12, 2018No Comments

S&P500 daily update

Mockingbird

Real courage is when you know you're licked before you begin,
but you begin anyway and see it through no matter what.

Harper Lee, To Kill a Mockingbird, 1960

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Another gap higher as the market reaches up towards 2800, finding some resistance to price at the rising line from the 04 and 29 May lows.

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

Steve Rushton July 11, 2018No Comments

S&P500 daily update

Silencio

[At the club Silencio]

No hay banda! There is no band! Il n'est pas de orquestra!
This is all… a tape-recording. No hay banda!
And yet we hear a band. If we want to hear a clarinette… listen.

From Mulholland Drive, 2001, Dir. David Lynch

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A pop, and the market continues to move higher, playing catch up quick.

The Osc oscillator makes a Buy Signal.

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

Steve Rushton July 10, 2018No Comments

S&P500 daily update

Nunavut

Follow through from Thursday's Buy Signal as the market breaks away from the 'holding' above 2700 with a strong squeeze upwards.

Technically a significant improvement in-line with the projection from the new small T structure which projects next major highs for mid July and perhaps an re-test of the previous high, or more.

Today is a combined echo high and pulse high and so we should be prepared for some kind of disruption to the advance or pull-back in the days to come.

Momentum has turned positive and the Osc oscillator should make a Buy Signal today.

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

Steve Rushton July 9, 2018No Comments

S&P500 daily update S&P500 signal

San Fermin

Another gap and another S/T Buy Signal at 2726. This time with follow through into the close and with improvement that confirms the new small T centered on the 27 June price and oscillator low.

Starting to move above the declining resistance – perhaps another attempt at the recent high.

Next negotiation is the combination of a pulse and echo high scheduled for monday.

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

Steve Rushton July 6, 2018No Comments

S&P500 daily update

Independence

A gap up open above the S/T Buy Signal level at the declining resistance angle finds little interest and the subsequent drift lower accelerates into the close triggering a Cover and a Sell Signal at 2716.

So, no follow through to the upside, yet, as the market seems trapped in a range, building strength for the next move, direction undecided.

Cover at the close pending either a continuation Sell Signal or another Buy signal.

Some improvement in both oscillators suggest a possible small T centered on the 27 June low projecting strength into mid July.

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

Steve Rushton July 4, 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.”
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