1/12/2024F On last Friday, the Nasdaq shimmied and shook but ended the day with a 0.0% “No Change” day.

1/12/2024F  On last Friday,the Nasdaq shimmied and shook but ended the day with a 0.0% “No Change” day.

Here is the blow by blow on Friday’s Nasdaq moves:

·      The index opened higher,

·      Drifted lower for almost 2 hours,

·      Climbed higher for the next 3 hours,

·      Drifted down again and then drifted sideways for the last 40 minutes of the day.

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

The very good news is that the Nasdaq has risen to just 0.8% off the December 2023 high, a pleasant rise to kick off the new year!

I hope you have participated in this last runup!   I am not concerned that the volume is light over the last week. Monday was

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 consistently rose higher, for most of the rest of the day, for a round trip.

Notice the percentage change in Friday’s closing price compared to Thursdays…. And Wednesday’s....0.0% change! (And the S&P500 and DJIA showed just a little more shimmy.)

Notice the extraordinary rise of the Major ETFs – especially the triple TQQQ.

Turn to the20-day history below.

Notice the 5-day period of down days in the middle of the 20-day table below.  That table had only 1 other down day in the last 2o trading days. Although not all up-days were large, the consistency of15 rising days in the last 20 trading days is very positive.      

What I like best about the MARKET FACTORS, COUNTS & RATINGS table below, is the number of Accumulation days (6) versus the Distribution days (3).

REMINDER:

NOTE: For the 2023 year, the Nasdaq took thelead rising 43.4% versus less than half of that rise, 21.8% for the S&P500.  

Doyou see why I put my investing money in a Nasdaq ETF and NOT an S&P500 ETF?

Iexpect the Nasdaq to continue to lead the market rises and falls in 2024.

Now it is time for the major indexes to get back towork! REMINDER:

REPEAT OF MY EXPECTATIONS FOR 2024.

In 2024, I plan to include theS&P500 for comparison to the Nasdaq. But I doubt that I will ever invest in it again.  The S&P500 just hasn’t kept up with theNasdaq….. so why should I waste your time looking at the that lagging ETF??

I’m sure you will appreciate theNasdaq’s greater growth and use it to win cocktail party discussions! And,please tell them about this newsletter!

I haven’t foundother Mainstream ETF to compare the Nasdaq with.  BUT please do not think that because I listedthe S&P500 that I consider it something to invest in.  NOTHING COULD BE FARTHER FROM MY THOUGHTS ANDPAST EXPERIENCE.  

Why do so many sites include theS&P500 but not the Nasdaq?  My guessis the S&P500 MAKES POORER PERFORMING INVESTING SITES  and THEIR INVESTMENTS LOOK BETTER INCOMPARISON.

>>>>>Where can you look for easy access to even higher returns?

How about the triple QQQ an Exchange Traded Fund known by its TQQQticker?  

Look at the comparison of the single, double and triple QQQ: Note that the3 tiers of QQQs actually show accelerating returns… the double QQQ (QLD) rosemore than twice the single today, and the triple QQQ (TQQQ) rose more than 3times the single.

>>> Please do not think that investing for great returns will be as easy as the table above for the rest of this year.  Please read at least the first section of this newsletter each night if you can.  Everything that rises in the stock market…..eventually falls.  Don’t get cause skipping many Armchair Investor newsletter and rise losing much of your gains.

>>>>>>And it is your job to watch the markets nightly (or just read this newsletter nightly) to be clear on what direction the market is going.

What should you do when the market starts falling?

Just read this newsletter that night and I will give you a simple solution based on what the market is doing then.

REMEMBER:  I do NOT know how to:

·       Get in at the bottom or

·       Get out at the top.

·      ….. but I have consistently gotten closer than most …. And that timing has returned significant growth in my portfolio and those of my readers.

>>>>>>>> Please be sure to read tomorrow’s newsletter ….. I will talk about the TIMING OF USING THE TQQQ(triple QQQ.) This is one strategy I will focus on this year as it is appropriate..

Are you concerned that the market may have risen as much as it could, for the moment? You might be right … but I’m not worried. The current Uptrend is showing moderate strength.  

NOTE:  IF YOU EVER SEE AN EMAIL FROM ME IN THE MIDDLE OF THE DAY (which happens rarely), consider giving it a quick read. It MIGHT include a change of strategy you can implement during the day to save more of your prior wins.

·      Remember: The market and individual stocks continue in the direction they are going… until they don’t.

>>>> Please read this newsletter nightly to be sure you don’t miss my notes on when and where the big growth (or fall) is happening!  

I hope you have enjoyed an investment in the TQQQ (triple QQQ.) They have grown almost 4 times the single QQQ this year. ….. But remember…. The TQQQ also can fall at 3 (or more) times the QQQ.  

What to do about the high volatility of the TQQQ?

>>> I suggest you read at least the first two pages of this newsletter each night.  This action will keep you tapped into the current market. And remember:

·       I do NOT know how to get in at the market bottoms and out at the tops. ----- I just get closer than most others. Note on the above table the price/volume action of the last 20 days. Only 3 days were Distribution days – when the price dropped and the volume rose, indicated some serious selling.

‍

FINALLY: REMEMBER:

In the stock market:

“What goes UP, UP, UP….. eventually goes DOWN, DOWN, DOWN! “

The first 10 days on the 20-day list above had a singular downday on 12/20!  That is amazing!  

The market continued higher for the next 4 days before an abrupt reversal for 5 down days in a row, ending with 4 rising days.

Only one of those 3 rising days had a significant (2.2%) rise.And that 1/8 day had extraordinary volume of 20.6% increase… a nice way to kickoff the week.

Look at the amazing percentage of stocks that have “A” or “B”ratings – Even after a drop from recent A+B s owning 732%.... today’s 68% As+Bs is still very strong.!!!

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%in just 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 had 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 let you 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 NEWS LETTERAND….

·      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 Armchair Investor

CharlotteDH100@mail.com