12/20/22M Uptrend – Indexes dive back below 200-day lines. Is a Downtrend call next?

12/20/22M Uptrend – Nasdaq falls 8.9% in 5 days. Has it found a bottom?

THE MARKET’s MESSAGE: Warning! .Market showing serious weakness.

‍

We are in a sick market:

Since the Major indexes topped in late 2021 (Nasdaq) and early 2022 (SP500), they have continued to:

· drop to new lows

· then bounce back up to their 40-week moving average lines

· before dropping to new lower lows.

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>>> I do not see strength in either the Nasdaq or the S&P500 to indicate this correction is over. The Nasdaq hasn’t even rise to touch its 40-week line before it dropping to new lows since January of this year. At least the S&P500 stuck its nose above the 200-day line a couple of times in the last 3 weeks. (Yes there are some individual stocks that are doing well. And you might catch them as they break out of strong bases with powerful (40+% above average volume) volume, but when the market is broadly falling, watch your individual stocks closely for signs of growing weakness.

When will this falling market finally recover back into an Uptrend?

Unfortunately, I do NOT see any signs of a recovery in the charts, yet.

It’s been a tough market for 13+ months as the major indexes gave up much of the gains from the February 2020 pre-pandemic highs.

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NOTE how the stocks with A or B (strong) ratings has dropped from 58% of all stocks, to 42%. That is a significant reversal - a significant decrease in the stocks with strong price-volume action.

THIS MARKET SEEMS TO BE DIVING FOR ANOTHER NEW LOW OF 2022.

Notice the number of “yellow”and “red” ratings in the Market Factors table below. The ONLY green (upside) ratings are at thebottom of the table – every index is above its low (which is NOT pointing to any indicator of market strength.)

STOCK WATCHING: Send your suggestion on which stock to this newsletter. I am looking for just one stock at a time, for training purposes.

Wishingyou and yours a happy and safe holiday season.

‍

Charlotte Hudgin, The ArmchairInvestor, (214)995-6702

www.ArmchairInvestor.com (214)995-6702 editor@armchairinvestor.com

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1/4/2023 DOWNTREND. Market stuck near recent lows, below 50- and 200-day moving average lines. Indexes take a step higher.

11/22/22T Uptrend - Nasdaq pops up 1.4% off 11,000 price. Low Thanksgiving week volume is not a surprise. (The traders are out celebrating)

11/21/22M Uptrend Good News! Nasdaq Holds above 50-day m.a. and 11,000

11/18/22F Uptrend Good News! Nasdaq and S&P500 have lower volume on recent falling days showing LACK OF WIDE-SPREAD SELLING

11/04/2022F UPTREND under PRESSURE Nasdaq down 5% for the week but ends on solid Friday Accumulation day (not enough to excite me.)

11/03/2022W UPTREND under PRESSURE Market responds to Fed Reserve message with Heavy Distribution day (Wednesday) and more losses Thursday

11/02/2022W UPTREND under PRESSURE Market responds to Fed Reserve message with Heavy Distribution day

11/01/2022 T UPTREND Market is quieting down before Federal Reserve Interest Rate statements on Wednesday

10/31/2022M UPTREND Market is quiet before Federal Reserve Interest Rate statements on Wednesday (FOMC 2pm, Fed Chair 2:30 pm)

10-28-22F UPTREND Nasdaq rises 2.4% this week with higher volume!

10/27/2022M NEW UPTREND has Second Down Day but Volume was Lighter

Charlotte Hudgin

Editor, Armchair Investor
ArmchairInvestor.com

ARMCHAIR INVESTOR

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12/20/22M Uptrend – Indexes dive back below 200-day lines. Is a Downtrend call next?

3/23/2023H Nasdaq ends day with partial recovery, +1.0%, but volume is Lower.

3/22/2023W Major Indexes fell as Federal Reserve rises Interest Rates again.

3/21/2023T The Nasdaq rose 1.6% Tuesday for an Accumulation day!

3/20/2023 It is not uncommon that the market gets quiet a day or two before the Federal Reserve’s meetings.

3/17/2023F Market DROPS 1.5% on More Banking Troubles

3/16/2023H Will the maket start a New Uptrend on Friday? Stay Tuned!

3/15/2023W I’m in CASH waiting for QQQ to show clear direction.

3/14/2023 Nasdaq pops +2.1% but without volume support.

3/13/2023M Nasdaq hops up 0.5% but on lower volume. Other indexes slipped slightly lower. Downtrend worsens.

3/10/2023F Market in DOWNTREND. Nasdaq drops hard below 200-day m.a. line for first time in 6 weeks.

3/09/2023H Market listens to Fed Chair’s Comments, Shivers and takes Significant Drop

3/08/2023W Market listens to Fed Chair’s comments and Nasdaq closes +0.4%

3/07/2023T Market listens to Fed Chair’s Hawkish comments and takes a dip

3/06/2023M Market quietly Holds position, waiting for Fed Chair’s comments

3/03/2023F Nasdaq closed the week up 2.6% !! I hope you did, too!

3/02/2023Th Major indexes hold near 200-day lines. Is this start of new Uptrend?

3/01/2023W Market indexes hold at their 200-day lines. Is this start of new Uptrend?

2/28/2023T Market has minor REBOUND. But does it signal Uptrend strength?

2/27/2023M Market has minor REBOUND. But does it signal Uptrend strength?

2/24/2023F Nasdaq falls to its 200-m.a. line but lighter volume shows uncertainty.

2/23/2023H Nasdaq bounces off its 200-m.a. line but volume shows hesitation.

2/21/2023T The Market had selloff day Tuesday – That’s 3 selloffs in a row! Ouch!

2/17/2023F Nasdaq and S&P500 Give Back Some of the Recent 3-day’s Rise.

This is a test of creating blog in WEBFLOW

2/16/2023W Nasdaq Gives Back Some of the Last 3-day’s Rise. Can it get Growing?

2/15/2023W Armchair Investor is UP 14.7% in 2023! I am smiling!

2/15/2023W Armchair Investor is UP 14

2/14/2023T Nasdaq rises to TOP of “MINI DOWNWARD CHANNEL.”

2/13/2023F Uptrend day 25, Indexes recover 2 days of losses, but lighter volume disappoints

2/10/2023F Uptrend day 23, Nasdaq has First Down Week in 7 weeks

2/09/2023H Uptrend day 23, Nasdaq has First Distribution Day in over 3 weeks.

2/08/2023W After Tuesday’s Pop, Wednesday took it back, MUST READ ARTICLE

2/07/2023T Indexes “POP” Higher w/ strength: Nasdaq +0.9%, S&P500 +1.3%, Volume Higher for both.

2/06/2023M Second Pullback Day but Lower Volume Again Lessens the Sting

2/03/2023F Market closes the week +3.3% with higher volume!

2/02/2023W Market POPs to 5-month high after Fed Chair Powell gives his comments

2/01/2023W UPTREND It’s a GREEN explosion! Market POPs after Fed Chair Powell comments

1/31/2023T UPTREND Market Rises in anticipation of the Federal Reserve Announcement Wednesday

1/30/2023M UPTREND Market Falls 2% Waiting for Fed Reserve Announcement Wednesday

1/27/2023F UPTREND Good News ! Market under heavy accumulation (buying)!

1/26/2023H UPTREND Good News ! Market under heavy buying (accumulation)!

1/25/2023T UPTREND Good News ! Market under heavy buying (accumulation)!

1/24/2023T UPTREND Armchair Investor strategy + 6.2% Year-to-date

1/23/2023M UPTREND Market broadly rises for second day in a row

1/20/2023F UPTREND Nasdaq100 rose 2.7% Friday, hitting a new high for 2023

1/19/2023H UPTREND Major indexes drop but volume lighter – Not a distribution day

1/18/2023W UPTREND Market has small pullback, holding near 2023 high

1/17/2023H UPTREND Nasdaq rises for 7th day in a row.

1/13/2023F UPTREND New Uptrend rises for 6 days in a row! Is this a Santa Claus Rally? (Expanded version)

1/11/2023M MARKET’s MESSAGE: New UPTREND pops higher as major indexes close above the 50-day lines.

1/10/2023M MARKET’s MESSAGE: New UPTREND pops higher

1/9/2023M MARKET’s MESSAGE: Market Confirms Friday’s New UPTREND Signal

1/6/2023 UPTREND Market Strength moves market firmly into a new Uptrend.

1/5/2023 DOWNTREND. Major indices all take a serious dive.

1/4/2023 DOWNTREND. Market stuck near recent lows, below 50- and 200-day moving average lines. Indexes take a step higher.

1/4/2023 DOWNTREND. Market beaten down more with additional widespread selling.

12/30/2022F DOWNTREND This 3- year market result astonished me! But first the 2022 results…

12/29/22H DOWNTREND.. Nasdaq Falls to within 4% of Pre-Pandemic High

12/28/22W DOWNTREND.. Nasdaq Falls to within 4% of Pre-Pandemic High

12/27/22T Uptrend Under Pressure, Volume Light, End of Year Doldrums

12/23/22F Uptrend under Pressure – a Quiet day before holiday weekend

12/22/22H Uptrend – OUCH! Market drops hard. Nasdaq close to low of the year

12/21/22W Uptrend – Market broadly rose Wednesday. Nasdaq had accumulation day.

12/19/22M Uptrend – Nasdaq falls 8.9% in 5 days. Has it found a bottom?

12/16/22F Uptrend – Indexes tumble down. I am going to CASH at Monday’s market open

12/15/22H Uptrend – Yikes! Nasdaq -3.2%, S&P500 -2.5% Uptrend under PRESSURE

12/14/22W Uptrend – Market shivers about Greenspan market comments.

12/13/22T Uptrend – Expecting a quiet day until Fed Reserve speaks at 2 and 2:30

12/12/22M Uptrend – All Major Indexes rise 1.3% or more with higher volume***

12/09/22H Uptrend – All indexes end the week ABOVE their 50-day lines

12/08/22H Uptrend – Nasdaq continues to find price support at 50-day m.a. line.

12/07/22W Uptrend – Do you know where the Nasdaq is compared to 10 weeks ago?

12/06/22T Uptrend – Nasdaq falls for 3rd day in a row to 11,000 support again

12/05/22M Uptrend – Major indexes fall, S&P500 and DJIA had Major Distribution days

12/02/22F Uptrend – Market has a “Ghost” day

12/01/22H Uptrend – Nasdaq and S&P500 show moderate optimism holding at 10 week highs

11/30/22W Uptrend – Market Rallies as Fed Chair confirms probable move to lower rate increases

11/29/22T Uptrend – Market quiet, waiting for Fed Chair’s remarks

11/28/22M Uptrend – Nasdaq adds second distribution day.