2024-04-03W Armchair Investor Newsletter. The Nasdaq rose 0.2% Wednesday with higher volume for a small accumulation day.

2024-04-03W  Armchair Investor Newsletter.  The Nasdaq rose 0.2% Wednesday with higher volume for a small accumulation day.

Please note: For  the days around the solar eclipse next week, (Monday, Tuesday and Wednesday), I will be on vacation. In Dallas, we are lucky enough to have front row seats for the eclipse…. unless it rains. Please keep your best wishes for a sunny day in Dallas on Tuesday of next week.  

Here is how today, Wednesday 4/3/24 went in the stock market. A quiet day that did rise a bit (the right direction!)

If you have an interest in this longer term look at stock charts, MarketSurge is a great tool for you. -- I highly recommend it for those investors who want to go to the next level. And you can try it on right now forFREE (this week) with no obligation.  Go to Investors.com and sign in!

Note how the close the Nasdaq and TQQQ charts look. The big difference is the multiple.  The Nasdaq is a single multiple of that index.  The TQQQ is a triple multiple ofthe QQQ. It will move in similar steps compared to the QQQ. But every ETF isits own system. So don’t expect them to be exact multiples.

Bottom line: A triple of any stock that is winning is better than just the single stock. But beware of that triple when a market reverses.

I am very pleased with the TQQQ’s 5-month growth (almost doubling!) See the arrow on the TQQQ chart above!

The 3QQQs, (the single QQQ, the double QLD, and the triple TQQQ) followed the quiet market in perfect synchronicity. Note the daily rises of the 1x, 2x and 3x funds, stayed perfectly in sync. And remember: Over the longer term, there can be some variations as there is in the “Gain in 2024” column. But I am not complaining. My TQQQ are up 19.7% this year and we are jusi a few days past the first quarter.  WOW!

LESSON: Don’t be shy to ride a triple in a strong Uptrend!

Just be sure to watch it daily so you can decide when to jump off.

In a market that is rising overall such as we have had over the last 5 months, even though there are some short falling or flat periods, step back and note that the TQQQ has been “climbing the hill” – consistently hitting new highs.

·      Those consistent higher highs and higher lows are why I have held on to my TQQQ.

NOTE: *  A GREEN date box in the date column above means the Nasdaq hit an all-time high closing price! Wow!

>>>MY CURRENT ACTION PLAN:  

i SEE A POSSIBILITY THAT THE market may have a correction next week, which could grow into a larger drop. -- PLEASE STAY TUNED INTO THIS NEWSLETTER .

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I am optimistic about this A.I. driven market continuing to rise.... MAYBE!

The only way we will know which way the market is moving is to watch the market….. each day.)

NOTE THIS WARNING.  Holding ontoa falling stock, (whether an ETF or the stock of a favorite company), is aquick way to lose your recent gains. If you play individual stocks and ETF’s,play carefully. Use the real returns (daily, weekly, monthly)

IT IS COMMON FOR STOCKS, ETFs, AND FUNDS TO FALL FASTERTHAN THE RISE.

Of course, I do not sell a position that has been risingwell after one or two small down days. But if you had a significant loss overseveral days, especially if there is an increase in market distribution days(down days on higher volume), then stepping out and waiting in cash canhelp you save your portfolio for future rallies and let you sleep at night.

REMEMBER:_____EVEN IF CASH IS A VALID POSITION,…in a fastrising market, you should VISIT your portfolio to verify it (or a big part ofit) is not dropping.

>>>> Stay tuned for WEDNESDAY’s results!

One additional “Word to the Wise”…

>>>MOST MARKETS FALL FASTER THAN THEYRISE. Beware of buying any new positions unless they are very healthy.

Wishing you big returns in your portfolio!.

>>>>> I APPRECIATE YOUR CONTRIBUTIONS FORSUPPORTING THIS NEWSLETTER.  

I USUALLY SPEND  MORE THAN 4 HOURS FOR EACH ARMCHAIRINVESTOR NEWSLETTER:

·      RESEARCHING THE IDEASIN THIS NEWSLETTER,

·      CALCULATING ALL THEDATA I NEED,

·      WRITING THE TEXT FORTHE NEWSLETTER AND….

·      FORMATTING THENEWSLETTER.  (Today it was more like 5 hours.)

I WELCOME YOUR COMMENTS ON THE MINOR CHANGES IN TODAY’SNEWSLETTER (as described in the notes.) 

Thank you for your kind feedback and ESPECIALLY FOR YOU WHOHAVE DECIDED TO MAKE A MONTHY CONTRIBUTION.

Charlotte Hudgin, The Armchair Investor  

For active subscribers, my phone number is  (214)995-6702

May your stock portfolio grow and grow and grow as thisgiraffe family has!

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