2024-03-14H: Armchair Investor Newsletter. TQQQ is 5.6% off recent All-Time High. Wow!

2024-03-14H: Armchair Investor Newsletter.  TQQQ is 5.6% offrecent All-Time High. Wow!

On Thursday, the TQQQ fell 0.5% making the ETF just 5.6% off it recent all-time high!. he ETF is still up 98.4% from the October 26,2023 low.  Wow! I am NOT complaining!

Thursday had a small 0.8% loss. I am not concerned with that minor drop after the TQQQ hit new high territory last Friday.

If you are uncertain about the volatility of the triples, just take a moment and step back. Look at the big blue arrow on the chart below, showing an extraordinary 100% gain in a less than 5 months.

>>>> Am I unhappy about the recent +96.8% gain since the October 2023 low?  The TQQQ is now off that recent high by a small 5.0% with that last 3 weeks min a sideways period, holding most of the big 4+ month rise (shown by the big blue arrow.) No complaints here!

Knowing I am still holding that 100% rise in the TQQQ over the last 5 months.  I am not crying!  Not even complaining – this volatility is what, eventually, pays off big-time if you can just see when to get in and out!And that is what we will continue to discuss in this newsletter. 

REMEMBER:  I do not know how to get in at the lows or out at the highs. I just get closer than most!

I still see last Friday’s high volume distribution day as a warning. And I am paying attention to it, glad that Monday’s drop was just-0.4%. And very glad that Tuesday popped back up, closing at the top of its price range, even though the TQQQ dropped 3.2% Wednesday.

If you step back and look at the TQQQ chart above, you may not be too concerned.  The TQQQ will continue to be volatile…..that’s what a triple ETF does.

>>>>LET’S LOOK AT THURSDAY’S indexes. Just a small correction across the board:

What did the triple QQQs (all 3 forms of them shown below) do on today?

IN MY WORLD –

·      NOTHING BEATS HOLDING THE TQQQ in an Uptrend, and

·      NOTHING BEATS HOLDING THE SQQQ in a Downtrend.

NOTE:  For the next 5 business days, I have some big commitments in service projects (I am a Rotarian, the largest volunteer service organization in the world!)

Thus, the newsletters may be shorter – especially if not much is shifting in the market.  

>>> I focus on the TQQQ because you can typically make 2 ½ to 3 times what the Nasdaq earns.

I am very pleased with the dependable 1-2-3 relationship the 3 ETFs – the single QQQ, the double QLD and the triple TQQQ… and I am especially enjoying making those great returns on the triple QQQs!

Note that the high within the last 20 days was hit just last Thursday, 3/7/2024. Look for the Green data box!.

NOTE: I will be out of town on Monday and Tuesday next week. Please expect a shorten Armchair Investor newsletter – just the most important highlights.

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Pink boxes above indicate ratings that have fallen over the last week. Green boxes above indicate ratings that have risen over the last week.

Please consider reviewing this newsletter daily: .The markets can change direction and strength quickly! Note that the percentage of As and Bs took hit over the last 4 weeks – a drop from 61% four weeks ago to 52% 2 WEEKS AGO TO 58% LAST WEEK on this week!>>>>>  A small drop !

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NOTE THIS WARNING.  Holding onto a falling stock, (whether an ETF or the stock of a favorite company), is a quick way to lose your recent gains. If you play individual stocks and ETF’s,play carefully. Use the real returns (daily, weekly, monthly)

IT IS COMMON FOR STOCKS, ETFs, AND FUNDS TO FALL FASTER THAN THE RISE.

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 canhelp 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 VISIT your portfolio to verify it (or a big part of it) is not dropping.

>>>> Stay tuned for Friday’s results!

One additional “Word to the Wise”…

>>>>>--- MOST MARKETS FALL FASTER THAN THEY RISE. Beware of buying any new positions unless they are veryhealthy.

Wishing you big returns in your portfolio!.

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I APPRECIATE YOUR CONTRIBUTIONS FOR SUPPORTING THISNEWSLETTER.  

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I USUALLY SPEND  MORE THAN 4 HOURS FOR EACH ARMCHAIRINVESTOR NEWSLETTER:

·      RESEARCHING THE IDEAS IN THIS NEWSLETTER,

·      CALCULATING ALL THE DATA I NEED,

·      WRITING THE TEXT FORTHE NEWSLETTER AND….

·      FORMATTING THE NEWSLETTER.  (Today it was more like 5 hours.)

I WELCOME YOUR COMMENTS ON THE MINOR CHANGES IN TODAY’S NEWSLETTER (as described in the notes.) 

Thank you for your kind feedback  and ESPECIALLY FOR YOU WHO HAVE DECIDED TOMAKE A MONTHY CONTRIBUTION.

Charlotte Hudgin, The Armchair Investor

May your stock portfolio grow and grow and grow like this giraffe family!

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