4/4/2023t UPTREND day 5, Which index is winning?

4/4/2023t  UPTREND day 5, Which index is winning?

If you live in the Fort Worth, TX area, join me for a return to LIVE IBD MEETUPS Thursday night at the Ol’ South Pancake house (with their private meeting rooms and space for my projector.) Go to Meetup.com and join our group

Which of the major indexes rose the most so far this year? Were you invested in it?  Here isthe comparison of the Nasdaq composite, the S&P500, the Dow Jones Industrial Average, and the QQQ (100 largest, non-financial stocks in the Nasdaq.)

From December 30,2022 to the April 4 close…. The QQQ outperformed all the others and usually does!

But WAIT! Do you want an even better bet in an uptrend market?Here is the comparison of the Nasdaq, S&P500, DJIA and the QQQ (Nasdaq largest 100 stocks without the financials, which consistently grow more slowly.

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The ACCUMULATION/DISTRIBUTION table shows a strong sign of a recovery happening as the “As” & “Bs” count recently rose from 29% to 44% in just two weeks.

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Are youholding onto stocks that you like in spite of their weak chart action? Notme!  Cash is always a safe alternative. Butnote this recent broad rotation (past highly rated stocks being sold andunderrated stocks being bought,)

>>>>>>>>>>>>> PLEASEREAD THE FOLLOWING NOTE >>>>>  

A long time ago, (after paying for this lesson multipletimes…..)  I finally learned twoimportant messages:

1.    I am NOT smarter than the market. And,

2.    The market does not care about my “fine”opinion.

When I see the institutional investors selling hard (as shown by the drop of ”A” and “B” rated stocks, I am happy to step out of themarket by selling my QQQ position.  

NOTE:  If you have individual stocks or ETFs that are holding up well, you certainly can hold them. But please keep a tight rein on them.

Remember: Stocks usually fall faster than they rise!

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Wishing you, “Many Happy Returns.”

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

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

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