2024-051T Armchair Investor Newsletter. Nasdaq & S&P5 Hit new HIGHS

May 21, 2024

2024-051TArmchair Investor Newsletter. Nasdaq & S&P5 Hit new HIGHS

The Nasdaq’s 0.22%rise on Tuesday just missed the S&P500’s 0.25% rise. Both of them beat the DJIA’s 0.17% rise. The Nasdaq’s 0.22% rise just topped the DJIA’s 0.17%.  

OVERALL – Tuesday was a quiet day as we approach next Monday’s Memorial Day holiday and its 3-day weekend.

WARNING: THIS MARKET COULD REVERSE QUICKLY AND TAKE LAST WEEK’S GAINS ALL BACK. Please at least read the newsletter headline each day.

But until then, I am still enjoying the rising Nasdaq! Giddiyap!

>>>> Note this week ends on a 3-day weekend with Monday’s Memorial Day bank holiday.

>>> HERE’S THE BIG NEWS– HOW DID THE TRIPLE QQQs EXCHANGE TRADED FUNDS FARE SINCE THEIR RECENT APRIL LOWS?

>>>> BE SURE TO WATCH YOUR ETFs DAILY. THE ETF TABLE BELOW COULD BE YOUR TICKET TO EARLY RETIREMENT.

Look at these 2024 gainsbelow! Focus on the TQQQ I hope you have been in the TQQQ (triple QQQ) for much of this runup. Monday was a moderately quiet day for the market. But I’ll takea 2.1% rise in the TQQQ for Monday!

Most of you probably know that I enjoy investing in the TQQQ when the marketis rising. The triple Exchange Traded Fund (ETF) has been rising like it is wearing a jet pack on its back!  See the chart below.

>>> I’m sure you see why betting on the TQQQ in a consistent upturn is a beautiful way to grab a nice return!

NOTE: The Nasdaq is at another all-time high!

>>> MY CURRENT ACTION PLAN: Hold the TQQQ!

Comment: TheS&P500 is not earning as much as the TQQQ. So I stay with:

·      100% of my investments in the TQQQ when the market is clearly rising and

·      100% of my investments in the SQQQ (which rise when the market is falling.)

>>>>Note the sum of A and B rated stocks below is now a strong 54%!

The only way we will know which way the market is moving is to watch the market…..each day!!!

Please consider reviewing this newsletter daily: The markets can change direction and strength quickly!

NOTE THIS WARNING.  Holding onto a falling stock, (whether anETF or the stock of a favorite company), is a quick way to lose your recentgains. If you play individual stocks, play carefully. And follow the dailyreturns as shown in this newsletter.

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 oneor two small down days. But if you had a significant loss over several days,especially if there is an increase in market distribution days (downdays on higher volume), then stepping out and waiting in cash can help yousave your portfolio for future rallies and lets you sleep at night.

 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 best returns in your portfolio!.

Charlotte Hudgin, The Armchair Investor

(214) 995-6702

May your portfolio grow bigger every day!

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Charlotte Hudgin
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