Trading the Line

Mayflower

The echo high pushes down hard into the 55 ema for a bounce back to hold onto support just above the Buy Signal level.

Be prepared for whatever comes next:

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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 September 6, 2017No Comments

S&P500 daily update

Bertin

Back to work after the long weekend, and Kim fires another missile.

Last week was a nice strong linear move and a little re-tracement of that would make sense given that the first main arm of the small T projected into Friday, and today is a scheduled pulse high.

Still on a Buy Signal with the possibility of a grind higher into a mid-September projection of the current T.

Be prepared for whatever comes next:

Steve Rushton September 5, 2017No Comments

S&P500 daily update

Fall

The end of the summer and the first day of Fall – we shall see what delights it brings us all.

August comes to a close with a decisive move up above the declining resistance line and above the Mid-channel as the market heads back towards the all time highs.
Market in festive mood with the long weekend to look forward to.

An Echo high is scheduled for Tuesday.

Be prepared for whatever comes next:

Steve Rushton August 31, 2017No Comments

S&P500 daily update

Solidarity

Market plays catch up quick and heads for the declining resistance line.
An S/T Buy Signal at 2450.
Oscillators improve but still at an inflection point.
Strength above here opens up the possibility of further price discovery.

Be prepared for whatever comes next:

Steve Rushton August 31, 2017No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal above 2450

Market pushing towards the Buy Signal level of 2450 in early trade after what seems to be a successful re-test of the 55 ema from above.

If the market can hold up and close above 2450 this would be S/T Buy Signal.
We also have the possibility of a short-term peak here as projected by the small T.

Steve Rushton August 30, 2017No Comments

S&P500 daily update

Discovery

Overnight / over-reaction to the missile event risk gives the market a welcome boost.
Back above that important 55 ema again, and close to a Buy Signal, but as we can see, the market has backed off from the Mid-channel recently and needs to push upwards through it if it is to make any progress.
Technically an improvement but the oscillators are still in neutral suggest the possibility of more chop ahead.

Be prepared for whatever comes next:

Steve Rushton August 30, 2017No Comments

S&P500 intraday update

No missile crisis yet

Nothing much but buying this morning after the overnight 'missile crisis' and so a nice strong thrust upwards from 2428.

It seems that we are still buying the dips and selling the rips.

Continue to watch the action at the important averages for evidence of a sustained move higher.

Steve Rushton August 29, 2017No Comments

S&P500 daily update S&P500 signal

First Lightning

Market closed yesterday still in Neutral / slightly Bearish Mode waiting for direction.
No strength to follow through on overnight gains, but holding onto the important 55 ema for now.

The momentum oscillator looks to be making a Buy Signal.
The T volume oscillator back just below zero – failure here is a Sell Signal.

—

On the anniversary of the soviets first atomic bomb test – First Lightning – the North Koreans fire a missile over Japanese air space. Futures are subsequently trading below the Sell Signal line but bounced from initial lows in the region of 2420. Early morning reaction and political rhetoric will likely set the stage for the day.

Be prepared for whatever comes next:

Steve Rushton August 29, 2017No Comments

S&P500 daily update

Acceptance

Sam – Whenever there is any doubt, there is no doubt. That's the first thing they teach you.
Vincent – Who taught you?
Sam – I don't remember. That's the second thing they teach you.
[…]
Vincent – No questions. No answers. That's the business we're in. You just accept it and move on. Maybe that's lesson number three.

Ronin, 1998 Dir. John Frankenheimer

—

Another attempt at a Buy Signal meets resistance at the previous high of 2454, continuing the theme of declining resistance.

The T volume oscillator climbs higher and turns positive and the OSC momentum oscillator looks near to a Buy signal.

Market still in a Neutral – Slightly Bearish mode and waiting for a catalyst for direction – this could mean the market is rolling over or could just be the squeeze before the next advance – we shall see.

Be prepared for whatever comes next:

Steve Rushton August 27, 2017No Comments

S&P500 daily update S&P500 signal

Libération

No follow through. Cover signal triggered at 2440, but not quite a sell signal.

Be prepared for whatever comes next:

Steve Rushton August 25, 2017No 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.”
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.”
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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.
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