1/11/2024H On Thursday, the Nasdaq shimmied and shook but ended the day, we ended with a “No Change” day.

What did the market do Thursday .....Blow by Blow:

·      The market Opened higher,

·      Drifted lower for almost 2 hours,

·      Climbed higher for the next3 hours,

·      Drifted down and then sideways for the last 40 minutes,

·      Some days take an interesting trip, ENDING THE DAY almost UNCHANGED FROM THE PRIOR DAY’s close AS Thursday did.

I hope you have participated in this last runup!   I am a little concerned that the volume islight over the last week. Please keep an eye on the daily price-volume action

Thursday was an exciting day.

The Nasdaq opened Thursday higher with an exciting gap upthat kept going for the next 10 minutes.  

Then the Nasdaq abruptly reversed downward, taking a big 1.7%drop , which was slightly lower than Wednesday’s low.

But the Nasdaq found support at 14,800 on the dot and consistentlyrose higher, for most of the rest of the day, for a round trip.

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Notice the extraordinaryrise of the Major ETFs – especially the triple TQQQ.

If you followed this idea,you would have a very nice gain. even if you didn’t jump in right away.

>>>>> And Ido not see this growth slowing down (at the moment.)  Sometimes, the best you can do, is grab a holdto a moving but and hold on till it stops.

The very good news is that the Nasdaq has risen to just 0.8% of the December 2023 high.

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Please watch this newsletter daily.

Note that the percentage of As and Bs took hit last week  – a drop from 73% last week to only 61%injust a week!  >>>>>  Yikes!

The percent of “A” and “B” rated stocks is still a strong (but fading??) 60% the A’s and B’s haven taken a serious decline over the weekend.

   REMEMBER:      

I do NOT know how to get    in at the bottom… or out at the top.  

I just usually get closer    than most!

And you    can make some nice returns with the signals I talk about in this    newsletter.

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

>>>> Remember….. down is down!

Of course I do not sell a position that has been rising well after one or two small down days. But if you h ad a significant loss over several days, especially if there is an increase in market distribution days (down days on higher volume), then stepping out and waiting in cash can help you save your portfolio for future rallies and letyou sleep at night.

REMEMBER:_____EVEN IF CASH IS A VALID POSITION,…in a fast rising market, you should consider holding a position that allows you to position your portfolio to rise with the market (or a multiple of it.) Stay tuned! And watch daily!

And….. those birds still aren’t going anywhere!

Stay tuned!    Those birds just aren’t going anywhere!

One additional “Word to the Wise”…

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

Wishing you big returns in your portfolio!.

I APPRECIATE YOUR CONTRIBUTIONS FOR SUPPORTING THIS NEWSLETTER.  

I USUALLY SPEND  MORE THAN 4 HOURS:

·      RESEARCHING THE IDEAS IN THIS NEWSLETTER,

·      CALCULATING ALL THE DATA I NEED,

·      WRITING THE TEXT FOR THE NEWSLETTERAND….

·      FORMATING THE NEWSLETTER.  (Today it was more like 5 hours.)

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

Thank you for your kind feedback and ideas. Please keep sending them.

Charlotte Hudgin

The ArmchairInvestor

CharlotteDH100@mail.com