Trading the Line

Neptune

The market continues to drift higher. The Osc oscillator improves and makes a buy signal. The T volume oscillator remains unchanged just below zero showing a slight lack of commitment.

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 June 6, 2018No Comments

S&P500 daily update

Arbor

And yet another gap up, above the recent highs.

In-line with a projection for a high from the DB T structure and at an initial projection from the new small T.

Negative but improving oscillators suggest that this move is not fully supported (yet), making the market susceptible to a decline.

IF the market can continue to grind higher, then there are projections for highs in mid June, keep an eye on the oscillators for confirmation.

Mixed signals continue, and a squeeze is building.

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

Steve Rushton June 5, 2018No Comments

S&P500 daily update

Midway

A gap and go day on positive economic news triggers an S/T Buy Signal and ends a choppy week with the market poised to challenge recent highs.

The T volume oscillator remains relatively weak, but with a possible w pattern emerging, and the Osc oscillator is flat and potentially starting to recover from its recent sell signal.

The DB T structure projects a final high for today as does the initial projection from the recent small T with the possibility that the target is not significantly higher.

A mixture of signals that lead me to expect a continuation of last week's bipolar choppiness.

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

Steve Rushton June 4, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal above 2719

A gap up and go day on positive news – up above the Buy Signal level at 2619 with strength into the close.

Steve Rushton June 1, 2018No Comments

S&P500 daily update

Milk

Market pushing down after an echo high taking back most of the gains from the previous day and triggering a cover signal at 2710. A couple of sharp short-covering rallies off the lows but selling resumed into the close.

Continuing the theme of declining resistance as the market sells strength preferring to buy back at lower prices.

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

Steve Rushton June 1, 2018No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 2710

A gap down and a move below the Buy / Cover Signal line at 2710.

Market managed to close the gap but the selling resumed into a 2pm low at 2700.

Continued weaknesss into the close.

COVER Signal confirmed.

Steve Rushton May 31, 2018No Comments

S&P500 daily update

Petronilla

A strong move up closing Tuesday's gap and triggering a new S/T Buy Signal at 2720.

Very strong breadth indicated by the rise in the T volume oscillator suggests a small T structure centered at the 29 May low and projecting into early and mid June, in-line with the gray extensions to the previous T structure.

The strong bounce off the major pivot at 2684 and 55 ema is very encouraging, but we should be alert for further volatility upcoming with an important high and low projected by the DB structure(s) within the next few days.

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

Steve Rushton May 31, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 2720

The market rebounds and pushes up through the S/T BUY Signal level at 2720.

Steve Rushton May 31, 2018No Comments

S&P500 daily update

Orleans

The market drops out of the the gate. An unsuccessful attempt to close the gap puts further pressure on a weakened market and initiates a Sell Signal at 2692.

Strong support is found at the previous support / resistance level at 2680 and the market forms a base for a late afternoon recovery.

A rapid recovery back above 2700 would support the previous bullish projection for a continual grind higher but further weakness below 2690 would likely find the market looking at the previous lows again.

Today we have another scheduled echo high which may add further pressure to a shaky market.

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

Steve Rushton May 30, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL Signal below 2692

An S/T SELL Signal at 2692 but the market has found some strong support in the 2677-80 area.

Recommend covering at or prior to the close.

Steve Rushton May 29, 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.
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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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The Gambler (2014), Dir. Rupert Wyatt