11-10-23F UPTREND Day 8, Major indexes RISE BIG with LIGHTER VOLUME. Market UPTREND continues.

11-10-23F UPTREND Day 8, Major indexes RISE BIG with LIGHTER VOLUME. Market UPTREND continues.

Look at the good news for this Uptrend:

Would you rather have an Up day with lower volume, or a Down day with lower volume?

Of course I would rather have Up day any way I can get it!

So Friday’s 2.0% rise for the Nasdaq and 1.6% rise for the S&P500 are just fine with me, even on lower volume.

And keep an eye on those double and triple QQQs!  (I know you are smiling!)

With Thursday’s disappointing down day, you might be concerned about the current market direction.  But please realize – we all have bad days occasionally…. including the market.   Step back and take a look at the Nasdaq chart below.  Can you forgive the market for that one weak day? The Nasdaq made up for Thursday’s dip in spades!

And don't forget, you could have made 7.3% if you were invested in the QQQ since the recent local low. In less than 2 trading weeks, a 7.3% return is very attractive.

But what if you had the audacity to put the same money in the triple QQQs ---- the TQQQ? .... How does 23.8% sound? That is what you would have earned over those same 9 days! And now you know about the triple QQQs - the TQQQ,

And note the GREAT RETURNS of the Triple QQQ... TQQQ:

And the GREAT NEWS for those of you who trusted me to buy the TQQQ (Triple QQQ), CONGRATULATIONS!  Your position is up 32.1% if you got in at the low of 10/26/23.  And, “Yes!” none of us knew to get in the market at the end of Thursday October 23, 2023. I’m just stretching it to show you how big the rise was – and how big the difference is between the single and triple ETFs.

>>>> And Monday’s Armchair Investor newsletter will have the missing section, brought up to date.

MY SUMMARY COMMENT!  If you usually make positive returns in a rising market, then playing the TRIPLES (even if you get in later), is a very nice way to quickly increase your returns.

DO NOTE THIS WARNING.  Holding onto a falling stock, whether a single ETF or the stock of a favorite company, when the market is trending….. triple ETFs are your friends.

If you had the audacity to invest in the Triple QQQ I've been talking about, you would have earned 32.1% over the last 9 days (including Thursday's dip.)

FOR TOMORROW, I SUGGEST YOU WATCH THE OPENING OF THE MARKET AND HOW THE QQQ SHOWS UP. IF THE MARKET OPENS WITH A DROP, YOU MIGHT CONSIDER WAITING IN CASH.

I will spend time on Monday finishing the retuning my data tables. Stay tuned!

Wishing you big returns in your portfolio!