2023-12-20W Nasdaq, S&P500 and DJIA take first MAJOR DISTRIBUTION days in last 20 days

2023-12-20W Nasdaq, S&P500 and DJIA take first MAJOR DISTRIBUTION days in last 20 days

I am in Reno, NV on vacation visiting family.For the next 10 business days, the Armchair Investor newsletter will be abbreviated and probably late every day.

The total gains for 2023 of theNasdaq100 (QQQ), the double QQQ (QLD), and the triple QQQ (TQQQ) are extraordinary! See table above.

Please do not expect those gains in the coming year – but count on my telling you about it if it happens. And with the blow-out in some of the AI stocks, it will be worth your time to read at least the first page of this newsletter nightly to be sure you don’t miss my notes on where the big growth is happening!  

On today’s chart below, you can see the Nasdaq has climbed higher for each of 9 days! Amazing! The Nasdaq is just 8.1% below its ALL-TIME HIGH! Wow!!!

I hope you have an investment in the TQQQ (tripleQQQ.)  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.  Just read at least the first page of this newsletter each night.  That is small price to pay for this level of growth in your portfolio.

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Please watch this newsletter daily. At some point this hot rise will stall (WAS WEDNESDAY THE START OF A NEW DOWNTREND?

IF THAT HAPPENS - I will be here to tell you if I think it’s time to get out.

   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!

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 NEWSLETTER AND…. FORMATING THE NEWSLETTER.

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 ArmchairInvestor

CharlotteDH100@mail.com