Birchtree's Account Talk

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My oceanic account did fine this week: -$21K, +$43K, +$23K, +$91K, +$64K for a grand total of +$200K. Now all I have to do is hang onto my gains over the next ten trading days and then make an extra +$21K and I'll have my +$400K moment in September - the worst trading month of the year historically. However, if the bull keeps running I can only dare to speculate as to my gains - perhaps in the neighborhood of $1/2M. This concept of 'unlimited' into monetary policy from both the ECB and FED is bullish for risk assets. Gosh could the blast from the after burners next week take me up +$300K. Now that would be a ride to behold.

"Breadth has improved. The McClellan Oscillator is showing a thrust without any indication of weakness. MACD - buy signal in play."

SPX: Follow Up of the Short Term EWP | TheWaveTrading | Safehaven.com
 
Birchtree said:
My oceanic account did fine this week: -$21K, +$43K, +$23K, +$91K, +$64K for a grand total of +$200K. Now all I have to do is hang onto my gains over the next ten trading days and then make an extra +$21K and I'll have my +$400K moment in September - the worst trading month of the year historically. However, if the bull keeps running I can only dare to speculate as to my gains - perhaps in the neighborhood of $1/2M. This concept of 'unlimited' into monetary policy from both the ECB and FED is bullish for risk assets. Gosh could the blast from the after burners next week take me up +$300K. Now that would be a ride to behold.

"Breadth has improved. The McClellan Oscillator is showing a thrust without any indication of weakness. MACD - buy signal in play."

SPX: Follow Up of the Short Term EWP | TheWaveTrading | Safehaven.com
Click to expand...

Of course, you will be paying $10/gal for gas, $12/gal for milk, $5 for bread, and $6/lb for hamburger meat. A Big Mac meal at McD's will set you back $15...

But hey, stocks are SCREAMING!!!

Have a great week-end BT!
 
The Russell 2000 index of small-capitalization stocks at 864.70 is less than one point from its all time closing high. Imagine the S&P 500 in a strong 1982 type cyclical bull market - I want my massive asset bubble. I have ten trading days remaining to see how much rocket fuel I can burn - will September give me my $400K moment or take me way beyond that amount. I can hardly contain myself. I could easily speculate for a $600K moment but that might be fantasy. Anyway a gain of $379K in two weeks ain't to bad.
 
I need to be deeper in debt now that interest rates are steady into 2015 - perhaps the margin dept will advance me $50K against some of my unrealized gains so I can chase Ferdinand around the arena - so many wall flowers reaching out for warmth. This could be the beginning of a boundless rally and folks will fight the top all the way up like they usually do - me I'm in superlative manure up to my chin and ready to blast forward - I just need more buying power without taking profits until 2013.

Here's a little something frm my WSJ. "The Federal Reserve saved its most aggressive easing for last. But it may have come after the job market bolted its stall. Friday's reading on the Thompson-Reuters/University of Michigan consumer sentiment index showed that Americans' moods improved this month to their best levels sine May. It was a hopeful sign that spending could be about to pick up.

But the most intriguing bit of the survey was news that the fraction of households that expect unemployment to rise fell to 12% from 25% - the lowest level since 1966. (It could be a Romney signal). This measure has historically been a very good predictor of the future course of both spending and the job market. The latest measurement could be just a temporary quirk, if not, the Fed will be walking back its new easing steps sooner than it expexts."
 
Everywhere I look there are break outs - big money is going to roll Monday. The A/D line typically at a top the S&P 500 will set a higher high as the A/Ds set a lower high. The A/D line is at a new all time high with plenty of room to run with the bulls. My wife does not want me to take out a home equity line of credit - so that door is closed for the moment. I guess I could pull the trigger on one of my sacrificial lamb chop account stocks to raise cash for more buying. I had the same problem back in March 2009 and that worked out like a charm....something will come along.
 
I've seen the past results of QE and so I agree that this is a bull market for sure. I do wonder how all this unrest across the middle east will affect the markets this coming week as well as long term.:confused:
 
From my WSJ. "Search for yield likely to intensify. Many people are choosing ultra-safe vehicles such as bank accounts and certificates of deposit that pay next to nothing. People wary of the stock market and economic uncertainties have more than $8 trillion in such accounts, according to bank research firm Market Rates Insight. The Fed has vacuumed up large chunks of the Treasurys market. This year alone it has bought $360 billion of Treasurys maturing over the next seven to 30 years. That is roughly 65% of the $556 billion in gross issuance of such bonds, according to Barclays PLC. Now the Fed's new purchases, coupled with money that will be reinvested in mortgage-backed debt from existing holdings, promises to absorb roughly 80% of new debt from Fannie, Freddie and Ginnie based on recent levels of issuance. High-quality paper is getting harder and harder to come by. In the absence of yield in traditional, secure products, money will kave to go to riskier assets." And I'll be waiting with open arms.
 
The market is just puttzing around early on while some cluckers run with a few profits - I'm waiting on a meltup to rack up gains this week.
 
I just checked my oceanic account and I have 12 dividends that will be reinvested today - so I guess the best policy will be to sit tight and let them do the heavy lifting if the market remains weak into the close - though I anticipate to resumption of the bull rally to move higher today with the R2K putting in a new all time high.
 
Nah, just a little side ways action to roll back some of the overbought oscillators and regroup for the next rocket move. Don't fight the Fed or ECB.
 
Actually kinda liked the finish. There are buyers out there.

That is why I'm neither all in nor all out when The Black Swans are flying...
 
MarketWatch.com

I won't have this problem in my golden years because I'm a confirmed perma bull. I now have collected 102 dividend increase announcements so far this year and historically October, November and December are the best market months of the year. I believe Bernanke is going to help me become wealthy.
 
Birchtree said:
MarketWatch.com

I won't have this problem in my golden years because I'm a confirmed perma bull. I now have collected 102 dividend increase announcements so far this year and historically October, November and December are the best market months of the year. I believe Bernanke is going to help me become wealthy.
Click to expand...

The link was not found. For over year haven't been to this forum. Look like you did very well with your tsp and fill up flowers on your wall from the oceanic account.

I have been trying to learn all the technical analysis, fundamental to use for option and forex tradings.
 
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