Trading the Line

Turtles

Market recovers all of wednesday's losses and heads into what may well of course be resistance at 2400 at the end of the red Amalgamation DB T structure. A pause or pullback here would be consistent with that, and would also test the strength of the move that is the New small T with its first main arm projecting into Friday for the holiday weekend. However the continued rise of the T volume oscillator gives credence to the new small T and increases the possibility that this is a bigger structure, now potentially drawing power from the 1 March high.

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 May 24, 2017No Comments

S&P500 daily update

Humility

Market triggers a second Buy Signal at the open and is confirmed by the close above 2385.
It appears that the market is in a hurry to correct last week's drop and get back to the all time highs with a slingshot move.

Today is the endgame of the DB T structure, and the T volume oscillator has recovered to the point that gives strength to the New small T and projects towards the cluster of scheduled highs in the first week of June.

Be prepared for whatever comes next:

Steve Rushton May 23, 2017No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal at 2388

Above the Buy Signal line at the open.
Needs to hold above 2385 into the close to confirm.

Steve Rushton May 22, 2017No Comments

S&P500 daily update

Momentia

“There is surely nothing other than the single purpose of the present moment.
A man's whole life is a succession of moment after moment.
There will be nothing else to do, and nothing else to pursue.
Live being true to the single purpose of the moment.”

– Tsunetomo Yamamoto, Hagakure: The Book of the Samurai

A strong gap and go up into and above the Buy Signal line, but couldn't hold onto all of the gains into the close, cancelling the Buy Signal for now. Failure occurred at the mid-channel line.

The T volume oscillator improves considerably showing strong breadth behind yesterday's rally, and supports the possibility that we have a new small T structure – if the low holds.

Be prepared for whatever comes next:

Steve Rushton May 20, 2017No Comments

S&P500 intraday update S&P500 signal

S/T Buy Signal above 2384

Strong rally up to the Buy Signal line

S/T Buy Signal above 2384.

Vigilence required.

—

Break back below 2384 cancels out the Buy Signal for now unless we see a rapid recovery into the close.

We will re-assess over the weekend.

Steve Rushton May 19, 2017No Comments

S&P500 signal

Sell Signal cancelled

Back at the previous Sell Signal level and so cancelling out above here with an S/T Buy Signal above at 2384.

With such a quick move up it is always possible that the market stalls here.

Vigilence required.

Steve Rushton May 19, 2017No Comments

S&P500 daily update

Monkey’s Paw

A strong rally off the lows but fails at the 2375 level.

If the low holds then we have a small T with possible strength into early June and the next scheduled echo high.
However the short signal is still active and further 'stabilisation' or downside may be required.

Interestingly the market closed right on the 55 ema – direction uncertain.

A move up through 2375 would obviously be important, as would a break down lower than yesterday's low at 2352.

SKEW moves up indicating the prescence of possible further event risk in Trump town.

Be prepared for whatever comes next:

Steve Rushton May 19, 2017No Comments

S&P500 daily update

Worms

A dramatic gap down to the Sell Signal level and a short signal triggered in early trade.
A late morning bounce failed at lunchtime and selling resumed.

Potential support lies just below on a rising line from the Election low, but with such a strong sell signal we might expect to see some stabilisation before the next bullish move.

We should now consider the current T structures complete, although we may see some echoes from the secondary structure, and we should be looking for a new low to form and to set up the next large T structure.

Be prepared for whatever comes next:

Steve Rushton May 18, 2017No Comments

S&P500 intraday update S&P500 signal

ST Sell Signal at 2380

Today's failure to bounce at 2380 triggers a short-term SELL signal, confirmed by the move lower through 2375.

Steve Rushton May 17, 2017No Comments

S&P500 intraday update S&P500 signal

Cover Signal below SPX 2392

Pre-market:

Heavy selling overnight will place the market below the cover signal level and within easy reach of the ST Sell Signal level.

Yes, a short-term bounce may occur especially at 2380 – the site of recent bounces – but the fact that this is occuring during the endgame of the red T structure is strongly suggesting that we take a short signal, if it occurs, seriously.

Steve Rushton May 17, 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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The mind is the spirit’s tear.
The mind is our prior and subsequent ghost.
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The mind is a stone door.
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