11-06-23M UPTREND Day 4, Nasdaq leapt 6.6% last week – and continues to rise Monday.

11-06-23M  UPTREND Day 4, Nasdaq leapt 6.6% last week –and continues to rise Monday.  

Sorry I’m late with tonight’s newsletter…. I sometimes try to get too much into it.

The Nasdaq rose another0.3% on Monday, a smaller amount than last week’s big rises… But up is up! The market deserves a day of rest after last week’s extraordinary 6.6% rise! The S&P500 rose a little less (+0.2%) and the DJIA decided to take a 0.1% nap.

Although I am happy to see the market back in an Uptrend, I am still uncertain about the strength of this new Uptrend and how long it will last. I will watch carefully..Please stay tuned in daily!

The GOOD NEWS: All 3 indexes we follow in this newsletter (the Nasdaq, S&P500 and DJIA) rose on all 5 days last week.Even the DJIA rose 5.1% last week.

>>>>>And the REALLY GOOD NEWS:  The Tripple QQQ (TQQQ) which I use in a rollicking market as we had in the last 3 days of last week, rose 14.6%(ending with a 20.1% rise for the week.  

>>>>>So you see why I ride the TQQQ when the trend is strong.

Even though the indexes continued a bit higher on Monday, they took a deserved rest on Monday with smaller rises and lighter volume.

Please consider using the TQQQ (triple QQQ) in a strong Uptrend like the current market.  I am not complaining about their small 1.1% Monday rise. (Did I really call 1.1% “small”? I think the Triples are spoiling me!

When you compare the QQQ and TQQQ charts, it’s hard to tell them apart – until you look at the numbers.  The Tripple QQQ have risen 21.4% in the last6 trading days. (that’s when I first jumped in.)   Notice the similarities of the TQQQ below and QQQ (below the TQQQ.)

Note the single QQQ chart looks very close to the triple TQQQ chart.  But if you were in the triple QQQ (TQQQ) during that time, you would have earned about 200% more. Here’s the year-to-date comparison of the 3 QQQ ETFs we have been talking about.

Even on a slower day, I would rather hold the TQQQ in an Uptrend:

After the market hesitated in growing the A, B and C rated stocks for a month, look at the week ended on Monday (11/6) below.  The number of A, B and C rated stocks declined over the prior 4 weeks. But look at Monday’s A+B total’s rise from 21% to $46!

WOW! Note the increase in stocks with A or B ratings in the last week! (Note the rightmost column above which adds up stocks with A or B ratings. In one week, that sum rose an encouraging 15%!

And remember, most indexes fall faster than they rise.

>>>>> Please remember: I do not know how to get in at the bottom or out at the top. I just  get closer than most.

We don’t know it’s a top uniil after we have ridden the market down for a bit.

But I get closer to the turning points than most.  

If you had gotten IN at the beginning of the year and out at the March low you would have been UP about 20% which alone is a pretty good year. But I hope you would have stayed around and considered getting back in as the TQQQ broke to a new high.

I’ll let you ponder those questions. On a MarketSmith chart, you can play out the stock timing drama. You can reveal the chart one day at a time to see how well you would have timed it.

>>>> LESSON to NOTE:  Most indexes drop faster than they rise but this drop is accelerating! Please take a few minutes to look at the stocks you own (QQQ, TQQQ and any individual stocks). After the market hesitated in growing the A, B and C rated stocks for a month, look at the week ended on Monday (11/6) below.  The number of A, B and C rated stocks declined over the prior 4 weeks. But look at Monday’s A+B total’s rise from 21% to $46!

Although today’s Nasdaq closing price was not a 20-day high, it was 15day high!

Look below at the MARKET FACTOR, COUNTS & RATINGS table for more encouraging news.

Stay tuned!    Those birds just aren’t going anywhere!

REMEMBER:_____EVEN IF CASH IS A VALID POSITION,…with a fast rising market, you should consider holding a position that allows you to position your portfolio to rise with the market (or a multiple of it.) Stay tuned!    Those birds just aren’t going anywhere!

One additional “Word to the Wise”…

>>>>>--- MOST MARKETS FALL FASTER THAN THEY RISE. Beware of buying any new position unless they are very healthy.

Please send questions, comments, suggestions, ideas and requests to:   My text message account at (214) 995-6702.

Wishing you, “Many Happy Returns.”

Charlotte  Hudgin, The Armchair Investor,                                              

www.ArmchairInvestor.com   (214)995-6702   

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