2024-04-02T Armchair Investor Newsletter. The Nasdaq dipped 1.0% Tuesday but its lower volume softened the blow.

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2024-04-02T  Armchair Investor Newsletter.  The Nasdaq dipped 1.0% Tuesday but its lower volume softened the blow.

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If you have an interest in this longer term look at stock charts, MarketSurge is a great tool for you. -- I highly recommend it for those investors who want to go to the next level. And you can try it on right now forFREE (this week) with no obligation.  Go to Investors.com and sign in!

Let's step back and look at the weekly Nasdaq chart: It shows that the Nasdaq has just topped its 2021 high! And if you rode it up since the December 2022 low, you have cleared a 60% rise!

Ifyou have an interest in this longer term look at stock charts, MarketSurge is a great tool for you. -- I highly recommend it for those investors who wantto go to the next level. And you can try it on right now for FREE (this week) withno obligation.  Go to Investors.com and sign in for a FREE trial.

Tuesday, the day after the 3-day weekend, was a quiet day. The Nasdaq was almost FLAT on Monday (+0.1%.) Let’s look at what the triple QQQ (TQQQ) did recently...

I am very pleased with the TQQQ’s 5 month growth (almost doubling!) On Tuesday, the DJIA was down 1.0% and the S&P500 was down 0.7%.

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

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TheTQQQ’s 100% rise in the last 5 months was EXTRAORDINARY!

LESSON: Don’t be shy to rode a triple in a strong Uptrend! Just be sure to watch it daily so you can decide when to jump off.

In a market 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 TQQQ has been “climbing the hill” – consistently hitting new highs.

·      Those consistent higher highs and higher lows are why I have held on to my TQQQ.

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>>>MY CURRENT ACTION PLAN:  

The Accumulation/Distributiontable for the current market is shown below.

 Thestrongest (green) “A” boxes slipped from 17% last week to 15% today.

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

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

I am optimistic about this A.I. driven market continuing to rise. The only way wewill know which way the market is moving is to watch the market….. eachday.)

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: .Themarkets can change direction and strength quickly!

Notethat the percentage of As and Bs took a hit and then rebounded overthe last 3 weeks – a drop from:

·      61% of all stocks 4weeks ago to

·      62% of all stocks 1 week ago to, and  

·      A slight drift down to 60% 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 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 fast rising market, you should VISIT your portfolio to verify it (or a big part of it) is not dropping.

>>>> Stay tuned for WEDNESDAY’sresults!

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 WHO HAVE 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 this giraffe family has!

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