Thread: Birchtree's Account Talk

Originally Posted by Birchtree

you're no longer a novice.

Oh my goodness! If you only knew! I just think luck is on my side. And of course, the BT motivational speeches help out as well.

I believe we now have a five year high on the SPX. My oceanic did fine for the first three trading days of January: +$121K, +$16K, +$52K for a sweet gain of +$189K. The month could continue with the rush of hooves. I think it may be a propitious time to buy some (RRTS) Road Runner Transportation Services and see where it goes.

Originally Posted by Birchtree

If you can't be persuaded to invest in stocks during a period of continued zero interest rates, continued low inflation, record corporate profits, pristine balance sheets, and cheap valuations, then simply sit at the train station. We are experiencing one of the most disrespected bull markets in history and it certainly stinks to most - but for me as a renegade contrarian I appreciate the sweet smell of superlative bull manure as it wafts over this board.

This board just wouldn't be the same without you BT. I hope your NY Resolution is to not get banned as often this year.

"To summarize, the ten-year trading range of the S&P 500 index suggests that a major price top should be arriving sometime in the first half of 2013."

Four-Year Cycle Low Will Be Late | Carl Swenlin | FINANCIAL SENSE

Technician Charles Nenner: Stock market cycle up into February; short term buy signal.

Jimmy Little Cricketts can you imagine: "The weekly MACD for the S&P 500 is on the verge of giving a buy signal since last summer and if it occurs it likely means we will be treated to a multi-week to multi-month rally in stocks ahead." 1474 will fall with a throw over and the intermediate bull run will ramp up with gusto. Like they say at Ruby Tuesday - it's all good here.

Originally Posted by Birchtree

Jimmy Little Cricketts can you imagine: "The weekly MACD for the S&P 500 is on the verge of giving a buy signal since last summer and if it occurs it likely means we will be treated to a multi-week to multi-month rally in stocks ahead." 1474 will fall with a throw over and the intermediate bull run will ramp up with gusto. Like they say at Ruby Tuesday - it's all good here.

Problem is each MACD wave is smaller than the previous...momentum is waning

Attachment 21787

Originally Posted by JTH

Problem is each MACD wave is smaller than the previous...momentum is waning

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i don't get the candlestick one, just noise. but the wave one on the bottom reminds me of skipping stones, and it's already bounced four times. i know where that leads.

Originally Posted by burrocrat

i don't get the candlestick one, just noise. but the wave one on the bottom reminds me of skipping stones, and it's already bounced four times. i know where that leads.

Thanks, I think the MACD skipping stones over water is a great analogy of "losing momentum."

I recall that you use Merrill Lynch for your oceanic account. Do you use other brokers or just Merrill?

I only use the Merrill Edge which ties up with Bank America checking - it's very efficient. I'm also on margin with them and my interest rate cost is 2.75% and it's deductable to offset my dividend income. Because of my balance I don't pay any commissions on the first 30 trades per month - after that it's $4.95 a trade.

ALOT of hate on the banks today BT, how ya feeling on these? Time to buy or time to wait?