Trading the Line

Crystal Blaze

A peak followed by some mild profit-taking in line with the pulse high and in keeping with the small gray T structure. Note that the market is attracted to the long term rising line from the Election low (still) - marked in orange. Note also that the market is repeatedly pushing upwards through previous resistance lines and this suggests to me that the market has a higher objective, and I think that this is previous long term trend lines, see the weekly chart in the free reports.

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.

 

 

Spring Hill

No hesitation yesterday as the market gaps up and goes with strong momentum in a forceful manner - catch up quick if you can.

The oscillators are strong and long. Today is a pulse high.

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.

 

Hopewell

Some signs of hesitation at the highs - in-line with the project for a Thanksgiving high, as the market shifts back into the familiar low volatile grind of previous weeks.

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.

 

Kiss the sky

Purple haze, all in my brain
Lately things they don't seem the same
Actin' funny, but I don't know why
Excuse me while I kiss the sky

Jimi Hendrix, Purple Haze, 1970

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The market continues gently pushing higher through Thanksgiving week - very much in keeping with the previous advances with a gap up above a declining consolidation phase.

The Large(r) T structure points to some kind of short-term peak here (perhaps some profit-taking), but with more to come and so does the new red structure, and so we should expect some choppiness as we move into the next phase of pulse highs and an echo high.

Whether we see a pullback here, or not remains to be seen. We should be prepared for some kind of profit-taking after the recent exuberance, perhaps even a re-test of the break out. But the structures also allow for a continuation directly into December - followed by a mid December peak, a pause and then a rally into New Year.

The strong oscillators and especially the recent move in the T volume oscillator support a general move higher.

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.

 

Black Friday

A pause after the surge on Tuesday and now we wait for the post Thanksgiving shopping binge.

The Osc oscillator responds to the recent strength with a Buy Signal.

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.

 

Thanksgiving

The market leads into Thanksgiving in true style and price responds to the recent strength of the T volume oscillator. Those 2 new small T structures and the extensions of the larger one are very much alive.

I would like to thank all of my readers and subscribers and wish you all a very enjoyable Thanksgiving.

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.

 

Equivalence

On 21 November, 1905,  Albert Einstein publishes his famous formula for mass-energy equivalence:

E = mc²

The market lifts just a little and sits more comfortably just above equivalence.

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.

 

 

Eye in the Sky

In Vegas, everybody's gotta watch everybody else. Since the players are looking to beat the casino, the dealers are watching the players. The box men are watching the dealers. The floor men are watching the box men. The pit bosses are watching the floor men. The shift bosses are watching the pit bosses. The casino manager is watching the shift bosses. I'm watching the casino manager. And the eye-in-the-sky is watching us all.

Casino, 1995, Dir. Martin Scorsese

A gentle pullback after Thursday's exuberance, acknowledging the declining resistance and with weakness into the close of November's expiration.

Still on a Buy Signal, and the apparent strength in the T volume oscillator is noticeable, activating and confirming the more recent small T structures that project strength into December. This looks like a strong T Theory buy signal.

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.

 

Mare Imbrium

A gap up open cancels out the previous Sell Signal and the strength triggers an S/T BUY Signal at 2583.

A visit to 2590 shows some resistance at a declining angle, but this is so close to the previous all time high that it would seem likely that this is temporary.

The rapid turnaround suggests to me that we are now seeing additional strength in the larger T structure and that the projections into late November and December are now active. Yesterday's rise in the T volume oscillator indicating strong breadth supports this thinking.

Yesterday was an echo high (but perhaps a lesser one) and today is a pulse high. There is therefore always the possibility of a rapid move back down due to profit-taking on yesterday's snap back to the high.

 

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.

 

Tolerance

A gap down through the SELL Signal level at 2571 for a look at 2557 and a strong bounce.

No follow through above that level and so the market drifts lower into the close.

Most of the selling was pre-market and/or at the open.

This is in-line with expectations following the recent projected important high and we now find the market below the mid-channel and just below the current Sell Signal level.

The oscillators continue to show weakness in momentum and breadth and the T volume oscillator is at a level that the previous strong bounce occurred at.

An echo high is scheduled for today and so IF we get a bounce from this level, which seems quite likely, we should expect some strong selling into it, perhaps at one of the declining resistance lines, as traders that didn't get out of positions early enough lock in those prices.

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.