2024-03-27W: Armchair Investor Newsletter. Nasdaq and S&P500 have Minor Distribution Days, and Growing Quiet anticipating this Good Friday holiday.

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2024-03-27W: Armchair Investor Newsletter.  Nasdaq and S&P500 have Minor Distribution Days, and Growing Quiet anticipating this Good Friday holiday.

REMINDER: The stock market will be CLOSED on FRIDAY.

‍As the market gets ready for the Good Friday holiday, I would not be surprised if weget a quiet week.    

‍NOTE: The Nasdaq hit a new all-time high (by a hair) last Friday and slipped down lessthan 1% over the last 2 trading days. !

Let’s look at the recent run-up!  I don’t know about you, but I am OK with the Nasdaq holding near Friday’s all-time high during this holiday-shortened week! As of Tuesday’s close, the Nasdaq is down 0.7% this week.

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The Nasdaq again rose Wednesday to close very near last week’s all-time high. 

 Recap:The Nasdaq again rose Wednesday to close very near last week’s all-time high.

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REMEMBER:  I do not know how to get in at the bottoms orout at the tops…. I just get closer than most!

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

 ·       NOTHING BEATS HOLDING THE TQQQ in an Uptrend.

 ·       NOTHING BEATS HOLDING THE SQQQ in a Downtrend.

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

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

Note that the high within the last 20 days was hit on 3/7/2024. Look for the Greendata box on the list of the last 20 days!

 Extended notes with resume next week.I expect the market to get moving as traders return to their desks after theEaster holiday..

NOTE: *  A GREEN date boxin the date column in the above table means the Nasdaq hit an all-time highclosing price! Wow!

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MY CURRENT ACTION PLAN:  

 Today’sAccumulation/Distribution table: The stronger (green) A & B boxes rose 6%today.  Overall, the sum of As + Bs is58%, nearing a common high of 60%. a frequent topping point.  

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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 strengthquickly! Note that the percentage of As and Bs took hit over the last 4 weeks –a drop from61%four weeks ago to 52% 2 WEEKS AGO TO 58% LAST WEEK on this week! !

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

·       NOTHING BEATS HOLDING THE TQQQ in an Uptrend.

·       NOTHING BEATS HOLDING THE SQQQ in a Downtrend.

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

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

Note that the high within the last 20 days was hit on 3/7/2024. Look for the Green data box on the list of the last 20 days!

Extended notes with resume next week.I expect the market to get moving as traders return to their desks after the Easter holiday..

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NOTE THIS WARNING.  Holding ontoa falling stock, (whether an ETF or the stock of a favorite company), is aquick 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 FASTERTHAN THE RISE.

Of course, I do not sell a position that has been risingwell after one or two small down days. But if you had a significant loss overseveral 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 fastrising market, you should VISIT your portfolio to verify it (or a big part ofit) is not dropping.

>>>> Stay tuned for Friday’s results!

One additional “Word to the Wise”…

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

Wishing you big returns in your portfolio!.

I APPRECIATE YOUR CONTRIBUTIONS FOR SUPPORTING THISNEWSLETTER.  

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

·      RESEARCHING THE IDEASIN THIS NEWSLETTER,

·      CALCULATING ALL THEDATA I NEED,

·      WRITING THE TEXT FORTHE NEWSLETTER AND….

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

I WELCOME YOUR COMMENTS ON THE MINOR CHANGES IN TODAY’SNEWSLETTER (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 thisgiraffe family!

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