4/20/2023H UPTREND day 16 Market has broad but mild pullback Thursday

4/20/2023H  UPTREND day 16  Market has broad but mild pullback Thursday

THE MARKET’S MESSAGE:  It is time to layout your plan for how to build your portfolio in this rising market!  I do believe it will resume its rise soon (but I won’t start investing in the “rising” market until it arrives.)

On Thursday evening we had the April online class for you Armchair Investors. It was a “small move” day, with the only upward change was the 5% increase in the NYSE volume. Everything else I track was lower. Which is a good thing since my Armchair Investor class went 2 ½ hours!

So the rest of this newsletter is most the updated tables and charts.

The ACCUMULATION/DISTRIBUTION RATINGS table continues to creep higher in its “As + Bs” total meaning the increase in buying continues. .

gives you a nice indicator in the rightmost column for seeing if the market is buying-up or selling-down the market.  The right column (sum of the count of A- and B-rated stocks) is rising, showing the market is feeding the increased buying pressure. Look at the consistency of the sum of the As and Bs (rightmost column.)

More details over the weekend.

Looking over the MARKET ACTION OVER THE LAST 20 DAYS, I start with the “Type of Day” column to see if there is more serious buying (accumulation days) or more serious selling (distribution days.) In the last  10 days (about 2 weeks), there were evenly balanced:

·       2distribution (selling) days,

·       6“neither” days (low volume days – a sign of indetermination).

·       2accumulation (buying) days

I am deeply rooting for the market to start rising with volume support, If I get myopic and just look at the last 4days, half of them were accumulations days and the other 2 were “neither.”  And three of the four days were “consistent with” an Uptrend (look at the rightmost column. April 14 had a small drop but its volume was also low  That meant it was NOT a distribution day.  In fact, the lower volume took away the damage of the price drop to make the day “consistent with” an Uptrend.  (Yes, I know this is an odd concept. So let me try to expand on my explanation.

“If the price of a stock or index falls and the volume rises, you should call that a “distribution day,” a day of selling.  But if the price falls and the volume gets quiet (lower), you know there is NOT a lot of selling driving the price  down. That is why that day is not “consistent with” a downtrend.

We’ll have a longer discussion on over the weekend.

I am always looking for a stock to “go the distance.”   And as with a bad date, I have no problem saying, “Good night,” early if the evening is not going well.

Are you registered on the current www.ArmchairInvestor.com site?

If so, you will receive a BRIEF email from me after I post this newsletter each night to tell you, as soon as possible, when it is available for your review. If you don’t get that message, just click on the popup invitation that appears when you go to the www.ArmchairInvestor.com website (the one listed above) and register.

>>>>>I will appreciate any feedback you have for me. Please send comments and ideas to:

Editor@armchairinvestor.com

Wishing you, “Many Happy Returns.”

CharlotteHudgin, The Armchair Investor,  (214)995-6702

www.ArmchairInvestor.com   (214)995-6702   editor@armchairinvestor.com  

2023 ACI NEWSLETTER sent via WEBFLOW

C:\Users\charl\Documents\1INVESTING (not marketing)\#ACI Newsletter #######\# 2022 ACI NEWSLETTER sentvia WEBFLOW

‍

‍