Trading the Line

Colette

Initial weakness is bought strongly and the market moves rapidly higher through the Buy Signal line at 2713.

The strong move up is supported by the T volume oscillator which moves up to the zero level.

A positive development but further strength is still required to fully re-activate the cash-build up from December and release the market to the upside.

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 March 6, 2018No Comments

S&P500 intraday update S&P500 signal

S/T BUY Signal at 2713

A strong move up through the Buy Signal level and held into the close.

Steve Rushton March 5, 2018No Comments

S&P500 daily update

Piran

The market gapped down but after initial weakness held the 2650 level and found buyers throughout the day to recover into the close. No follow through to the Sell Signal, and although the signal is technically still active (but only just) it seems likely that the market is stabilising again.

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

Steve Rushton March 4, 2018No Comments

S&P500 daily update S&P500 signal

Losing Ground

Losing ground
Under my feet
There's a low rumbling
There's a crack in the street
It's just no good
It's just no good anymore
Everything I do
Has been done before

Yeah I found my voice
Yeah I got nothing to say
The whole thing started
Cause my mind has gone away
I used to get high
Now I just get lost
I used to bark at the moon
The first one I came across

PJ Harvey, Losing Ground, 1996

–

Initial weakness triggers a Sell signal at 2705 but this is quickly bought with a surge to 2730.

The selling resumes and another Sell Signal is triggered at 2705 in early afternoon trade with the market dropping quickly to find buyers at 2660 and a slight recovery into the close.

Sell Signal still active but suggest to take profits yesterday and re-assess this morning. Look for selling into bounces to continue if the market is going lower.

With weakness below the important pivot we are now looking for another low and a new structure to form in due course. Watch for divergence.

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

Steve Rushton March 2, 2018No Comments

S&P500 intraday update S&P500 signal

S/T SELL at 2705

A false start this morning with an S/T Sell Signal at 2705 which bounced rapidly and surged to 2729.

From that point the market worked its way lower and finally broke 2705 in early afternoon trade.

Steve Rushton March 1, 2018No Comments

S&P500 daily update S&P500 signal

Yoke

Brothers be ye constant.
The yoke which with single mind ye have taken, bear ye to the end;
and whatsoever ye have seen with me and heard, keep and fulfil.

Saint David, † 589

–

The market continues to sell into any strength and continues lower into the close with a Cover Signal triggered at 2734.

The T volume oscillator drops again significantly in-line with the selling and this now establishes 26 February as an important high, putting the new T under increased pressure and it may now be collapsing or complete. This now identifies 24 January as an important beginning of the decline from the all time high.

This of course now places the market back at what was important support for another test of strength.

IF the selling continues we will be looking for another low to combine with the previous one and form another T structure in due course.

IF the market recovers rapidly, we have additional projections for highs in early and late March.

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

Steve Rushton March 1, 2018No Comments

S&P500 intraday update S&P500 signal

COVER Signal at 2734

Some initial buying interest but this morning the market was still selling into 'strength'.

An afternoon attempt at 2759 is sold into and we are quickly down towards 2735.

Relentless selling this afternoon with barely a bounce at 2730 and heading towards the previous support base around 2700.

Cover Signal at 2734 and confirmed at the close.

Wait for more stabilisation and the next signal.

Steve Rushton February 28, 2018No Comments

S&P500 daily update

Andalucia

The Market takes a look at 2789 and at the declining line from the all time high and quickly decides to put in a short-term peak. Profit-taking initiates a sell sequence with selling into each of the subsequent bounces throughout the rest of the day.

The T volume oscillator responds by dropping significantly below zero and this in itself is potentially a warning, as the strength of selling yesterday could indicate that there is more to come.

However, we are still above the Buy Signal level. The high Arms Index reading yesterday is high enough to suggest a wash-out may have occurred (or is nearly complete) and that a quick sell-off may be all that was required to release the pressure of the recent bullish adventure.

The exciting roller-coaster ride continues.

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

Steve Rushton February 28, 2018No Comments

S&P500 daily update

Birds Flyin’

Birds flyin' high, you know how I feel
Sun in the sky, you know how I feel
Breeze driftin' on by, you know how I feel
It's a new dawn, it's a new day, it's a new life for me
Yeah, it's a new dawn, it's a new day, it's a new life for me, ooooooooh
And I'm feelin' good

Nina Simone, Feeling Good, 1965
(Songwriters: Leslie Bricusse, Anthony Newley)

–

Pop!, gap up and go, as the market continues on its squeeze out of the congestion around the previous high and heads for…? Where?

The previous all time high? Maybe.

The Magic T volume oscillator moves up again and adds to the current strength of the structure.

The new large T structure projects highs in early March and then also potentially in late March. Plenty can happen inbetween.

Watch how price behaves at the declining resistance angles from the high and keep an eye on the rising support lines below.

Today brings with it a pulse high which may add a little profit-taking to the mix.

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

Steve Rushton February 27, 2018No Comments

S&P500 signal

Tulsa

S/T Buy Signal at 2717

The market gaps up above the Buy Signal level at 2712, pulls back to find support and then heads higher.

A strong gap up and go and close at the highs type day, with just that a little bit of hesitation midday to remind us of the previous days' afternoon selling.

Strength above the Mid-Channel is a very positive development, and the T volume oscillator moves back above zero supporting the continued projections for highs in March.

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

Steve Rushton February 23, 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 BUY Signal at 7413 on 30 July

...

S/T SELL Signal active below 7462 st 7440 on 26 July

COVER Signal below 7522 at 7440 on 17 July

S/T BUY Signal at 7398 on 29 June

S/T SELL Signal active below 7344 on 26 June

COVER Short Signal above 7361 on 25 June

S/T SELL Signal below 7422 on 23 June

COVER Signal below 7452 at 7365 on 23 June

S/T BUY Signal at 7500 on 18 June

COVER Short Signal at 7500 on 18 June

S/T SELL Signal at 7424 on 17 June

COVER Signal at 7454 on 17 June

S/T BUY Signal at 7404 on 11 June

COVER Short Signal at 7337 on 10 June

S/T SELL Signal at 7462 on 05 June

COVER Signal at 7553 on 05 June

S/T BUY Signal at 7586 on 04 June

COVER Signal at 7554 on 03 June

S/T BUY Signal at 7413 on 20 May

COVER Signal at 7411 on 15 May

S/T BUY Signal at 6457 on 31 Mar

COVER Short Signal above 6398 on 31 Mar

S/T SELL Signal at 6543 on 26 Mar

S/T BUY Signal above 6600 at 6620 on 25 Mar

COVER Short Signal above 6567 on 25 Mar

S/T SELL Signal below 6554 on 24 Mar

COVER Short Signal above 6581 on 24 Mar

S/T SELL Signal below 6554 on 24 Mar

COVER Short Signal above 6581 on 24 Mar

S/T SELL Signal below 6554 on 24 Mar

COVER Signal at 6590 on 23 Mar

S/T BUY Signal at 6623 on 23 Mar

COVER Short Signal above 6563 at 6600 on 23 Mar

S/T SELL Signal at 6666 on 18 Mar

COVER Signal at 6693 on 18 Mar

S/T BUY Signal at 6729 on 16 Mar

COVER Short Signal above 6668 at 6698 on 16 Mar

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 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.
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It’s what the drunk grave robbers couldn’t stuff in their sacks.
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The real center of an empty sphere.”
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