Birchtree's Account Talk

[Birchtree]

Looking back to February of 2013 my oceanic account cleared a gain of +$2K for the entire month - in 2012 the month of February gave me +$128K - so anyinh between those two parameters for February 2014 would please me. I still believe that right now is a once in an investor lifetime to acquire equities so I'll continue buy wall flowers until I run out of money which won't happen anytime soon.

 

[Birchtree]

Just looked for my buddy amoeba on the tracker at #833 +0.10% and low and behold he is pounding me while I sit at #1033 +0.04% - this is not a pleasant situation to be in. But I'll remain patient because I know salvation will arrive shortly. I'm reminded that a properly allocated portfolio doesn't need to be rejiggered every time the weather changes.

 

[Whipsaw]

Hi Birch, I'm sitting at 1032! :nuts:

 

[Birchtree]

It's time to buckle up because a parabolic blast higher is in our immediate future - will it happen today, maybe. But SPX 1856 is real close for the taking.

 

[Birchtree]

Big Picture Continues To Align With Bullish Case For Stocks | Chris Ciovacco | Safehaven.com

 

[markmars]

Big Picture Continues To Align With Bullish Case For Stocks | Chris Ciovacco | Safehaven.com

Long term for the year I think that is correct. Short term within the next 2 months I think we will see a slight correction.

 

[Birchtree]

It was a real slow week for my oceanic account: -$82K, +$70K, +$28K, -$3K, -$17K for a give back of -$4K. Sometimes it just doesn't pay to play - but I did have some nice dividends working for me. Perhaps the four trading days next week will be more exciting - one can always hope.

 

[Birchtree]

S&P 500: Too Soon for a Top | BCA Research | FINANCIAL SENSE

 

[Birchtree]

Secular Bull Market? | Carl Swenlin | FINANCIAL SENSE

 

[EricDeLee]

This is what I am hoping as well. Only up about .45% for the month. Yet was expecting to be at around 1-1.50%
9 days left to grab at least 1% more for my target.

 

[Birchtree]

At my age I would volunteer for a lobotomy to wipe out my memories of JFK, MLK, LBJ, BHO, and including HRC.

 

[Birchtree]

A little profit taking this morning which again is not unusual. Let'em sell and get out of the way of progress.

"For the Dow over the past 25 years, the directional outcomes of January and the full year have differed only four times."

http://www.marketwatch.com/story/us-stocks-have-a-60-chance-of-2014-gains-2014-01-21

 

[Birchtree]

There is a nice intraday W bottom in the small caps today signaling a possible rebound. The market is actually healthy when you look at the NYAD line. JNJ is holding back the Dow.

 

[Birchtree]

Over 400 Days Without a Correction | The Big Picture

 

[Birchtree]

If IBM decides to walk the talk then tomorrow could be exceptional - even today was OK but tomorrow could be groovin.

 

[MrJohnRoss]

Since you ribbed me last year...

Your new slogan should be: "Lookin' up! At the G Fund!"

Oh, wait, that's already taken. :laugh:

 

[Birchtree]

"Natural gas for delivery Wednesday soared to $135 per million British thermal units at Transco Zone 6, a pipeline delivery point in New Jersey where New York gas prices are set, according to Intercontinental Exchamge Group Inc. On Friday, prices traded between $10 and $25 per million BTUs. Tuesday's sharp climb beat a previous record of $90 per million BTUs for the hub set on Jan 6, when another Arctic blast stoked gas demand." It would appear to me that some utilities are going to pay out the nose to provide electricty to consumers and businesses. That doesn't happen when you use an inventory of good old coal as a feed stock. Coal is far from dead and the lessons will be learned. And winter is not over yet.

 

[Birchtree]

We are inching our way toward rarefied air and once there the fuel to power an escape velocity will be visible - wait for it because it's inevitable. Snort.

 

[Birchtree]

Netflix (NFLX) is flying after hous - could this be the surprise catalyst some of us hoofhearted types have been longing for that starts a parabolic lift off higher.

 

[Birchtree]

The action today will suffice - small caps are floating my oceanic boat. I now only have 7 more trading days to open the profits spigot - but I'm now sure I won't come any where close to my +$300K goal - so I'll settle for +$100K. Here is what 2013 February looked like on a weekly basis: +$53K, +$2K, +$72K, -$100K, -$21K for a montly gain of +$2K - certainly need to do better than that next month this time around. I'm very close to tapping the margin honey jar again so I'll be patient. I did manage to pump in excess of +$200K during my December buying spree - it's going to take more and more liquidity to make things right. Staying long and strong.