Trading the Line

February week one close

Lovely move up today – nearly 1800 again - that was quick! Must have surprised everyone and definitely surpassed my expectations.

There is some congestion here at 1800 -1810 – if we can clear that easily on monday/tuesday then new highs are possible again.

Steve Rushton February 7, 2014No Comments

S&P500 daily update

S&P500 Short term Buy Signal confirmed

Yesterdays decent rally of 21 points and close above 1767 confirms the expected short-term Buy signal. Notice the Sell-Buy-Sell action and 15 point spike-down on the 5th Feb leading to the move. Notice that gann line 3 is holding. And CCI confirms the move. A reversal is occurring if we see 1756 or lower intraday today or close below 1761. Note gann line 1. potential support.

Steve Rushton February 7, 2014No Comments

S&P500 intraday update S&P500 signal

Short term Buy signal at 1770

With the market moving above 1767 a Buy signal occurred with a tight stop of 1757. A close below 1757 would initiate a reversal of the position.

Steve Rushton February 6, 2014No Comments

S&P500 daily update

Get ready to Buy ?

It appears that the market is finding some support here at 1740ish at gann line 3. and could be considered a speculative Buy. Certainly a short-term long position above 1767 today with a close above the green line and a very tight stop at 1757 but needs a close above 1810 to confirm a more relaxed long-term buy.

Steve Rushton February 6, 2014No Comments

S&P500 daily update

Wednesday Feb 5

Not a huge bounce yesterday and still looking for stabilisation of the oscillator, perhaps a early warning buy signal from the CCI. It appears that gann line 3 may be holding, and a move below the grey boundary is often a good buying level. Caution is a good tactic after such a fast move down.

Short term Buy above 1772 which could target the mid at 1813, major support at 1720-30. a bounce at 1705-10 would be a good buying opportunity. A move below 1700 and there is real trouble.

Steve Rushton February 5, 2014No Comments

S&P500 daily update

Tuesday Feb 4

And that just goes to show that you need to wait to see the buy signal rather than anticipate it.

Yesterday's selloff broke through 1772 and 1750 and unless we see a huge move back up today above 1774, then best stay away and let the dust settle. Gann support line (3) just below yesterdays close.

Very interesting commentary from Bob Karrow and Jeff Saut worth a read : Stock-Market-Observations

Steve Rushton February 4, 2014No Comments

S&P500 daily update

Monday February 3 2014

Looking for a short-term buy here above 1794 but 1750 a distinct possibility.

Still short with expiring options, so no real risk there at all.

Steve Rushton February 3, 2014No Comments

S&P500 daily update

Friday 31 January 2014

Stopped short of 1798 (the upper pink boundary of the green-line) and so failed to make a buy signal.

Strength above 1798 today would confirm a buy signal but the futures are down a long way today.

A flush out to 1750 might set up a short-term bottom from here.

Steve Rushton January 31, 2014No Comments

S&P500 intraday update

30 January bounce ?

Nice bounce induced by Facebook, now at 1795.

A strong day which will most probably close at or near highs.

Want to see close at or above 1798 to initiate a long tomorrow. Still in the areas of a dead-cat bounce so caution required.

Steve Rushton January 30, 2014No Comments

S&P500 daily update

January 29 – waiting for long signal

Keeping an eye on the oscillator which still looks like it needs more time.

The Mob and Oval (advanced get tools) suggest major support at 1750 next few days.

A move above 1798/1800 would indicate a rally up to the mid-point at 1827 at least.

Steve Rushton January 30, 2014No 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 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.

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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.”
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