2024-04-01M Armchair Investor Newsletter. Indexes virtually Unchanged – Weekend Extended one day after Good Friday holiday.

2024-04-01M  Armchair Investor Newsletter.  Indexes virtually Unchanged – Weekend Extended one day after Good Friday holiday.

The market barely moved its positions on Monday; waiting forthe Federal Reserve’s direction to kick in after this 3-day holiday weekend.Stay tuned.

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Monday, the day after the 3-day weekend, was a quiet day.

The Nasdaq was almost FLAT on Monday (+0.1%.)

The DJIA was down 0.6% and the S&P500 was down 0.2%

The 3 QQQs (the single QQQ, the double QLD, and the triple TQQQ) followed the quiet market.

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

I expect the market traders to get back to work soon –perhaps tomorrow! 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 atriple 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 I typically make 2½ to 3 times what the single QQQ earns.  (And close to those multiples when using theinverse ETFs in a Downtrend.)

A SIDE NOTE ABOUT THE FEDERAL RESERVES’ MOVE MONDAY:

My consolidation of Fed’s Chair Powell’s comments today:

·      Current Fed Funds rate target is tokeep the rate between 5.25% and 5.5%.

·      Investors are betting the rate willcome down soon.

Back to the stock market  The TQQQ has almost double in just the last 5months! Wow! I hope you have been in it.

A 100% rise in 5 months is EXTRAORDINARY!

LESSON: Don’t be shy to rode a triple in a strong Uptrend!

In amarket that is rising overall such as we have had over the last 5 months, even though 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.

NOTE: *  A GREEN date box in the date column above means the Nasdaq hit an all-time high closing price! Wow

>>>MY CURRENT ACTION PLAN:  

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

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

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

The above comment is my way of WARNING YOU that the market may have a correction next week, which could grow into a larger drop.

I am optimistic about this A.I. driven market continuing to rise. The only way we will know is to watch the daily market….. each day.)

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 a hit and then rebounded overthe last 3 weeks – a drop from:

·      56% of all stocks 3 weeks ago to

·      52% of all stocks 1 week ago to

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

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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 ofit) 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.

Wishing you big returns in your portfolio!.

>>>>> I APPRECIATE YOUR CONTRIBUTIONS FOR SUPPORTING THIS NEWSLETTER.  

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 FOR THE NEWSLETTER AND….

·      FORMATTING THE NEWSLETTER.  (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!