2023-12-26T Nasdaq Hits New High for 2023 as Its Volume Kicks Back In

ARMCHAIR INVESTOR NEWSLETTER

2023-12-26T Nasdaq Hits New High for 2023 as Its Volume Kicks Back In

NOTE:  I am in on vacation visiting family until 1/3/2024. The Armchair Investor newsletter will be abbreviated and probably late every day.

TUESDAY12/26/2023:  The market holds at new highs for 2023! I hope you are enjoying the triple QQQ (TQQQ) recent gains! (I know I am!) The market traders return to business on Tuesday. I expect lighter volume.

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

‍

Please do not expect the above 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 (artificial intelligence) 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!!!

You don’t want to be caught with a market that turns back down without your getting out!

‍

NOTE: The A+B rated stocks are holding at a very high 73%. Be sure to pick the BEST STOCKS if you invest in individual stocks. 73% of all stocks have A or B ratings.

YOUR JOB RIGHT NOW IS TO SELECT THE "BEST OF THE BEST!"

Please watch this newsletter daily. At some point this hot rise will stall and perhaps even fail.

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

NOTE THIS WARNING.  Holding onto afalling stock, whether an ETF or the stock of a favorite company, is a quickway to loose your recent gains. If you play individual stocks and ETF’s, playcarefully. 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 youhad a significant loss over several days, especially if there is an increase in market distribution days (down days on higher volume), then stepping outand waiting in cash can help you save your portfolio for future rallies and letyou sleep at night.

REMEMBER:_____EVEN IF CASH IS A VALID POSITION,…in a fast rising market, you shouldconsider 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!

And….. those birds still aren’t going anywhere!

Stay tuned!    Those birds just aren’t going anywhere!

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…. FORMATTING 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

‍

‍

‍

‍

‍

‍

‍