11-15-23W UPTREND Day 10. Market UPTREND continues even with today’s small rise.

11-15-23W UPTREND Day 10. Market UPTREND continues even with today’s small rise.

The plus or minus 0.2% moves on the Major indexes is barely a sneeze.  The good news is that the market did NOT challenge the current Uptrend.4

Please notice that Wednesday’s modest (0.07%) rise came after an extraordinary 2.4% rise on Tuesday. Add them up…. They make a nice 2-day rise.

A flat (+0.07%) day after Monday’s 2.37% rise still adds up to a pleasant 2.44% rise.  

Please realize – we all have bad days occasionally…. including the market.   Step back and look at the big picture…. The Nasdaq has had a pretty nice run-up over the last 3 weeks.

But what if you had the audacity to put the same money in the TQQQs since the 10/26 low?  How does +23.8% sound? That is what you would have earned over those same 14 days!And now you know about the TQQQ. Catch the TQQQ on a good run and plan a vacation for the family to an exotic resort!

Please realize – we all have bad days occasionally…. including the market.   Step back and look at the big picture…. The Nasdaq has had a pretty nice run-up over the last 3 weeks.

But what if you had the audacity to put the same money in the TQQQs since the 10/26 low?  How does +23.8% sound? That is what you would have earned over those same 14 days!And now you know about the TQQQ. Catch the TQQQ on a good run and plan a vacation for the family to an exotic resort!

I will continue to show the QQQ chart so you can see how much better you are doing with the TQQQ.

I think a lot of you would be very happy to make the 39.5% in the TQQQ and take a nice vacation! Please let me know where you would go! Maybe I’ll join you!

And the GREAT NEWS for those of you who trusted me to buy the TQQQ (Triple QQQ) for yourself,…… CONGRATULATIONS, again!  And, “Yes!” none of us knew to get in the market at the end of Thursday October 23, 2023. I’m just stretching it to show you how big the rise is – and how big the difference is between the single and triple ETFs.

How do you put that big rise in your pocket?  When the market starts to fizzle, you can sell the TQQQ and put the return in your account as CASH. (I usually give it a few down days to tell me if the fizzle is just a momentary pullback, or is it showing the rise is going “on hold.”)

DO NOTE THIS WARNING.  Holding onto a falling stock, whether an ETF or the stock of a favorite company is a quick way to loose your recent gains.Remember ….. down is down.  Of course I do not sell a position that has been rising well after one or two small down days. But if you had a significant loss over several days, especially if they is an increase in distribution days (down days on higher volume), stepping out and waiting in cash can help you save your portfolio for future rallies and let you sleep at night.

If you had the audacity to invest in the Triple QQQ I've been talking about, you would have earned 32.1% over the last 9 days (including Thursday's and Monday’s small dips.)

FOR TOMORROW, I SUGGEST YOU WATCH THE OPENING OF THE MARKET AND SEE HOW THE QQQ SHOWS UP. IF THE MARKET OPENS WITH A significant DROP, YOU MIGHT CONSIDER WAITING IN CASH.

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.

Wishing you big returns in your portfolio!

Charlotte Hudgin

The Armchair Investor

CharlotteDH100@mail.com