2023-11-13M UPTREND Day 12 of latest Uptrend. Nasdaq leapt 6.6% last week. The TQQQ dropped 0.9% on Monday holding above 40.

2023-11-13M  UPTREND Day 12 of latest Uptrend. Nasdaq leapt6.6% last week. The TQQQ dropped 0.9% on Monday holding above 40.  

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: Two of the indexes we follow in this newsletter (the Nasdaq and S&P500) rose on 4 of the 5 days last week.The DJIA, the usual laggard, rose of 3 days.

>>>>>And the REALLY GOOD NEWS:  The Tripple QQQ (TQQQ) which I use in a rollicking market as we had in the last 2 weeks, has risen 30.9% as of Monday.Wow!

>>>>>Do you now see why I ride the TQQQ when the trend is strong?

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 like 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:

Note the Accumulation/Distribution ratings have improved from 27% of stocks with "A" or "B" (top) ratings 4 weeks ago to 42% today.

Last week the sum of A or B ratings dipped 4% showing a small decline in market strength.  But keep your eye on the total of As and Bs. (Note the rightmost column above which adds up stocks with A or B ratings). That sum is now holding around 40%.

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 until 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.

 Yes, a few numbers are off in the volume column, but

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.

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.

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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.)

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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