2024-03-28H Armchair Investor Newsletter. Market has lighter volume anticipating Good Friday holiday.

2024-03-28H  Armchair Investor Newsletter.  Market has lightervolume anticipating Good Friday holiday.

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The market barely moved on Thurday, waiting for traders to kick in after this 3-day holiday weekend. 

NOTE:The Nasdaq was quiet this past week. Perhaps traders slipped out early for the 3-day weekend (as usual!)

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Let’s look at the recent run-up!  I don’t know about you, but I am OK with the Nasdaq holding near last Friday’s all-time high!

The Nasdaq had a very small drop Thursday (-0.12%.)  

‍Notice the QQQ, QLD and TQQQ are moving close to the 1x, 2x and 3x expectations but the QLD and TQQQ dropped a little less. The good news ---- is that the TQQQ dropped less than 3 times the QQQ’s drop. Since I am in the TQQQ, its loss of less than3 times the QQQ is positive news. (the double QLD’s drop was also less than 2 times the single QQQ’s 0.5% drop!)

REMINDER:  I do not know how to get in at the bottom or out at the top…. I just get closer than most!

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

·       NOTHING BEATS HOLDING THE TQQQ in an Uptrend.

·       NOTHING BEATS HOLDING THE SQQQ in a Downtrend.

>>>I focus on the TQQQ because with the TQQQ I typically make 2 ½ to 3 times what the single QQQ earns.  (And close to those multiples when using the inverse ETFs in a Downtrend.) 

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! The triple QQQ do not always earn exactly 3 times the single QQQ, but the TQQQ has certainly generated much better returns than the single or double QQQs.  

In a market that is rising overall such as we have had over the last 5 months, event hough there are some short falling or flat periods, step back and note that the Nasdaq and the TQQQ have been “climbing the hill” – consistently hitting new highs.

Yes,the lovely rising Nasdaq has recently played with $65.00 over the last 4 weeks. Notice the below-average volume over the last 2 weeks as we approached the Memorial Day holiday. The small drop over the last 4 days does not phase me. I look forward to the traders returning to work next week. Please watch carefully over the next week to see if the traders’ volume kicks back in. Iexpect the market to get moving as traders return to their desks after theEaster holiday.

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>>>MY CURRENT ACTION PLAN:  

The Accumulation/Distribution table for Thursday, 3/38/2024 (the last trading day of March 2024) is shown below.

Thestrongest (green) “A” boxes rose 16% today.

Overall,the sum of As + Bs is a strong 58%, nearing a common high of 60%. a frequenttopping point.

The abovecomment is my way of WARNING YOU that the market may have a correction nextweek, which could grow into a larger drop.

I amoptimistic about this A.I. driven market continuing to rise. The only way wewill know is to watch the daily market….. each day.)

Pink boxes above indicate ratings that have fallen over the last week. Green boxes aboveindicate 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 a hit and then rebounded over the last3 weeks – a drop from:

·      60% of all stocks 3weeks ago to

·      52% of all stocks 1 week ago to

·      A rebound to 58% LAST WEEK!>>>>>  The As + Bs are holding up well!

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 Monday’s results!

One additional “Word to the Wise”…

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

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Wishing you big returns in your portfolio!.

>>>>> I APPRECIATE YOUR CONTRIBUTIONS FORSUPPORTING THIS NEWSLETTER.  

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 WHOHAVE DECIDED TO MAKE A MONTHY CONTRIBUTION.

Charlotte Hudgin, The Armchair Investor  

For active subscribers, my phone number is  (214)995-6702

May your stock portfolio grow and grow and grow as thisgiraffe family has!

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