2023-09-25M Downtrend Day43 – Remember: I SOLD the TQQQ at FRIDAY’S open and wait in CASH

September 25, 2023

2023-09-25M Downtrend Day43 – Remember: I SOLD the TQQQ at FRIDAY’S open  and wait in CASH

PLEASE NOTE: On Friday, IBD’s Live broadcast, Alissa Coram reminded us that, historically, September is a weak investing period. Thus, IBD’s end of day numbers (shown below) were not a surprise.

Keep the gains you earned this year and consider joining me in cash…  watching from the sidelines!

The 49% rise in the single QQQ  or 129% in the TQQQ (triple QQQ shown in the graph below) are great returns! If you followed my “triple” plan, your retirement balance just got a HUGE kick in its pants! I don’t know if I will ever see that kind of growth in the next decade!  But you can count on me to be on the look out for it!

 

On the table below, note 2 possible points to exit (sell your TQQQ) and book profits.

The Blue arrow is when the TQQQ closed below its 50-day line (after a significant drop off the all-time high.)  The green arrow shows your price if you sold it today after waiting for the rise that never came.

 

Note that the market is in a slower volume period (as is common in September.) If you sold on Monday (after buying is on January, have earned a great return!

I am getting reports from some of you investors that you bought the TQQQ as it took off in the middle of January and sold it either in the pullback in June or after the recent bounce started to fail and sold around $41 or $42.  Even if you sold Friday morning as was suggested in this newsletter, you should have a whopping 100+% gain.

If you are new to active investing, perhaps you only watched this one.  But I hope you saw the potential of what we do!

 

Am I sure I want to be in CASH TODAY?? ABSOLUTELY!

You can count just 1 accumulation (buying) day in the last 20 trading days versus 6 distribution (selling) days with a 0.2% drop in price or more and with higher volume. I am amazed at how weak the market got. And I am pleased at how well many of you are reporting back to me that you have done this year.  

 I look forward to your reports back to us as you earned profits so far this year – whether they are in cash or “on paper” as you learn.

>>>Please consider supporting this newsletter by becoming a financial supporter as shown when you sign in to read the Armchair Investor newsletter! It is a pleasure sharing my winning insights with you!

 

And be assured, YOU are always in control of your contributions!

 >>>>>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.

>>>> I hope you are in cash or even have put some amount in the inverse Qs (We will talk more about that strategy in Tuesday’s newsletter.)

You can count just 1 accumulation (buying) day in the last 20 trading days versus 6 distribution (selling) days with a 0.2% drop in price or more, with higher volume.

 >>>>> 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.

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

Monday’s slight rise of the major indexes ON HIGHER VOLUME….points to a lack of interest in a rising market.

>>>>> A confirmation of the current weakness in this Uptrend showed up Monday as the A & B rated stocks dropped from 46%3 weeks ago to 29% today. (Yikes!)

I hope you followed my lead and sold your rising indexes and now wait in CASH. An aggressive believer in the continuation of this downtrend and might short some stocks.  I am happy with having sold my QQQ and waiting in cash. But if this DOWNTREND continues with strength (volume), I may short it.

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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