2023-09-20W DOWNtrend Day 1 I will SELL the TQQQ at tomorrow’s open and wait in CASH after FED’s Disappointing Announcement Wednesday.

September 20, 2023

2023-09-20W DOWNTREND Day 1, I will SELL the TQQQ at tomorrow’s open and wait in CASH after FED’s  Disappointing Announcement Wednesday.

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WEDNESDAY: Market gives up the Uptrend with too many falling days. confirmed by the Nasdaq’s Major Distribution day Wednesday.

I hope you took advantage of the TQQQ but if you only got in the QQQ, you have earned a nice return so far this year.

I will move from the TQQQ (triple Uptrending QQQ) to CASH at the market open Thursday morning.  The good news is, whenever you move  

out of the uptrending TQQQ and into cash, your portfolio will be protected from additional downtrending losses.

 And we still have 3 ½ months to go in 2023! That gives us plenty of time to earn some more in this market.  But if the market doesn’t behave, the year-to-date returns (even if you did not get into the triples) have earned a nice return.

 

>>>>> This year’s market has already paid me well and I can wait in CASH as the sellers continue to move out of the market.

 

The BAD NEWS: The market moved into DOWNTREND Wednesday after showing 9 days under pressure. The final straw was the bad news in the last 4 trading days : 3 down days and one flat day.

ON THE ACCUMULATION/DISTRIBUTION RATINGS TABLE BELOW……  

>>>> THE DOWNTURN OF THE ACCUMULATION RATINGS is a WARNING of MARKET WEAKNESS!

Here is a confirmation of the current weakness in this Uptrend. The A & B rated stocks which had been climbing higher has dropped a frustrating 8% in one week from 47% to 36%.

 One additional “Word to the Wise”…

>>>>>--- MOST MARKETS FALL FASTER THAN THEY RISE

Please send questions, comments, suggestions ideas and requests to:   My text message account at (214) 995-6702.

Wishing you, “Many Happy Returns.”

Charlotte  Hudgin, The Armchair Investor,                                              

www.ArmchairInvestor.com   (214)995-6702   

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