Birchtree's Account Talk

[SWAVET]

http://www.safehaven.com/article/18550/the-big-bullish-picture-for-stocks

How about this?

http://wallstcheatsheet.com/trading/prechter-says-sell-everything-but-gi\
ves-no-reasons/?p=18530/

 

[Birchtree]

I'll take smokin Joe Granville over Prechter any day. Bob lost his credibility long ago.

 

[Birchtree]

"Various key measures of market strength are showing a promising outlook for higher index numbers into Q4. The underpinning for a continued rise to year-end and early 2011 appears to be forming."

http://www.marketoracle.co.uk/Article23496.html

 

[Birchtree]

Good news for the turtles - #8 hotshot has moved to the supposed security of the F fund. The tracker in the top fifty is slowly clearing and making way for the disciplined climbers.

 

[Birchtree]

http://theguruinvestor.com/2010/10/15/ritholtz-don't-fight-the-fed/

 

[Birchtree]

http://pragcap.com/bullish-sentiment-reaching-exuberant-levels

 

[Birchtree]

So far earnings are predominantly looking good and with the anticipation of lower interest rates in the near future the SPX could take out 1250. That move would project to 1475 and then 1577 and I thought 1496 was aggressive. We have 68 companies in the S&P reporting next week. The last week in October may see that pressure from the 4-year cycle I've been waiting on. The trick is to try and preempt it.

 

[Birchtree]

"If the flight from equities continues, publicly traded companies may eventually rediscover the power of dividends to coax a risk-adverse generation back to the markets."

http://www.businessinsider.com/the-history-of-dividends-2010-10

"If the stocks repeat the same pattern in the following years, investors chasing high dividend large cap companies will manage to beat both the bond and stock markets by a large margin."

http://www.businessinsider.com/do-h...ly-outperform-when-rates-are-this-low-2010-10

 

[Birchtree]

Well the banks have hammered me like a fine piece of silver the last two days - but not all is lost. I did have five dividends reinvest for me Friday and I did manage to take in $21K on the week. Next week should be better now that we've had a pause. At week #84 off the March '09 lows I'm back to $1183K - 9 more weeks to clear $2.0M to meet my initial goal. I really suspect I won't get there until sometime in January but never fade the bull. If big money rolls my boat will float. Looking at it another way - I've gained $559K since the week of July 2. If I can make $148K more I'll have up to $1.4M available in buying power - all I got to do is get there. Or I can sell some stock as a sacrifice to build buying power. If the banks keep dropping I will find a way to acquire more shares to add to my current positions. I do plan to be in the top 25 on the tracker before the year ends. Snort.

 

[Birchtree]

"Financials break....stock market holds."

http://www.marketoracle.co.uk/Article23545.html

 

[Birchtree]

"The rails have exceeded their April high and are thereby showing much more relative strength than the overall transportation index itself."

http://financialsense.com/contributors/tim-wood/brief-dow-theory-update

 

[eccougar]

If the banks keep dropping I will find a way to acquire more shares to add to my current positions. I do plan to be in the top 25 on the tracker before the year ends.
Birchtree, I bought 300 shares of BAC @ 11.95.

 

[Birchtree]

That's an excellent purchase. Don't be surprised to see a $31 price by the end of 2011 with an increased dividend payout.

 

[Birchtree]

"The DJIA and DJTA are rapidly approaching their April highs near, 11,205 and 4,760, respectively. If they can break clearly above these levels, it'll be a super bullish sign, signaling they could continue up to the 2007 highs."

http://www.marketwatch.com/story/adens-say-end-is-nigh-but-stocks-good-for-now-2010-10-18

 

[SWAVET]

I do plan to be in the top 25 on the tracker before the year ends.

Go for it - see you at the end.

I just want to see my (real) tracker 20%+ by the end of the year.

 

[Birchtree]

The VIX is holding sticky today above 19.61 +0.58 even with the current rally - that may be a positive going forward. The last time the VIX bottomed under the 16 level was at the April 26th peak before the 16% correction started. However, the stochastic appears to be already back to the April lows while the VIX is holding above the 16 level creating a positive divergence. This may mean we have some safety for the market to run higher before we get another complacent warning signal. All hell might break out during the last week of October. You know it will be hard and fast if it comes. Otherwise we might not get the pain until after the November election. Only the Shadow knows for sure.

 

[Birchtree]

"Bottom line - The current situation in advance of rising interest rates is highly bullish for stocks for several more years."

http://www.marketoracle.co.uk/Article23571.html

 

[eccougar]

Go for it - see you at the end.

I just want to see my (real) tracker 20%+ by the end of the year.

The top 25 was a quote from Birchtree, not me. I wouldn't count him out.

 

[Birchtree]

SWAVET is in a strong position at #23 with 20C/70S/10I. I believe his Achilles heel will be the S fund. The next correction if we get one will separate the leaders from their ranks.

 

[Birchtree]

Ah the sweet smell of superlative bull manure - can you smell what the bull is cookin. The hedge funds must be doing some serious buying - this could go on for many months. But where is that four-year cycle nesting - don't let your guard down because the blind side is awaiting - just turn the other cheek is what I usually do but this time I'm going to preempt this swing. The VIX is now below the 19 level and heading lower. I'm going to stay awhile longer - still got nine days before October trading ends.