2023-12-18M Nasdaq soars higher for 8th day - to NEW 23-MONTH HIGH, just 8.0% off Nasdaq All-Time High !

2023-12-18M Nasdaq soars higher for 8^thday - to NEW 23-MONTH HIGH, just 8.0% off Nasdaq All-Time High !

(I have no idea why the next section can up so large???

The total gains for 2023 of the Nasdaq100 (QQQ), the double QQQ (QLD), and the triple QQQ (TQQQ) are extraordinary!Please do not expect those gains in the coming year – but count on my telling you about it if it happens. And with the blow-out in some of the AI stocks, it will be worth your time to read at least the first page of this newsletter nightly to be sure you don’t miss my notes on where the big growth is happening!  

On today’s chart below, you can see the Nasdaq has climbed higher for each of the last 7 days! Amazing! The Nasdaq is just 8.1% below its ALL-TIME HIGH! Wow!!!

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I hope you have an investment in the TQQQ (tripleQQQ.)  They have grown almost 4 times the single QQQ this year. ….. But remember…. The TQQQ also can fall at 3 (or more) times the QQQ. Just read at least the first page of this newsletter each night.  That is a small price to pay for this level of growth in your portfolio.

The QQQ hit a 52.9% gain this year while the tripleQQQ (TQQQ)  hit 190.6% gain.  I am feeling RICH!

And there will, of course, be a time when the market reverses and starts falling. It could be a year off with this amazing shift to AI (artificial intelligence.)

If you are in a hurry and don’t have the time to read the whole newsletter, from here, jump down to the LAST TABLE in this newsletter – the ACCUMULATION/DISTRIBUTION RATINGS table. Look at the rightmost column – the sum of the stocks with A or B ratings. Over the last 4 weeks, that sum has risen from a very respectable 45% to an astronomical 77%. If you can’t find winning stocks in this market,… give up!  (Or better yet,  call me at (214) 995-6702.

NOTE:The Nasdaq is just 11.2% below its all-time high of 2021. Wow! The market is ina new Uptrend! as noted by IBD senior writer Ken Shreve, one of my favorite IBD sources!

I would be surprised if the Nasdaq closed that gap in the two weeks left in 2023.But  a nice rise between today and the new year would give us hope for the current uptrend to run up to a new high!  (I have to say….. these are wild times in the stock market!.

And I suspect much of the current runup is driven by the shift of focus on the extensive growth of the companies being driven by their use of the new Artificial Intelligence tools.

Have you invested in one of the companies newly based in using AI?

PLEASE NOTE: I am officially on my end-of -year vacation starting tomorrow (Tuesday.) Don’t worry.  I will get out a condensed newsletter each night.  But since I will be in the Nevada time zone (I’m not sure what it is called – its 1 hour earlier than Dallas) which means 8 pm Nevada will be 9 p.m. Dallas and 10 p.m. in New York. So with the time change and the family events through 1/1/24, you may get the newsletter even later. And I guarantee most of them will be shorter – but have all the key info.

WhatI see is…. Wow! The biggest price jump in more than a month AND the highest volume in the 7+ months of this chart. Is the market making a “run for the gold”?  If so, I am ALL IN!

What would I really like to see in the Nasdaq next year?  

….A rise to the 2021 market high and then a beyond it?

Ever since we were hit by Covid, it seems the market is making new rules! (and I like them!)

Let’s see if the Nasdaq (and therefore the QQQ) can keep rising through 2024 to match or exceed the 2021 high! And please, do not get greedy! (Remember, I will tell you on page 1 of this newsletter if a new Uptrend starts to fail.)

A bit more about the DAILY Nasdaq CHART above.

I still like the way the Nasdaq is just climbing those price stairs! On Monday (today 12/18),the Nasdaq rose 0.6%!

The volume has risen for the last 3 days to complement the higher prices

Next, please turn to the Nasdaq’s daily chart below….. The last 8 days have demonstrated a nice stairway to…. heaven with a 17.9% rise.

Bottom line: You have got to be invested in a triple ETF like the TQQQ to grab some of these gains.  Yes…. I do NOT count on it’s rising every day (even though we are on up-day #8.) Monday’s lower volume was still20.2% above average.  I’m all in.

But with the dependability of the QQQ(and its two bigger brothers also shown in the table below), I am very happy to point out the TQQQ is in a rising market.

I hope you have followed the TRIPLEQQQ (TQQQ) and are enjoying its amazing gains. Yee Hah!  172.1% gain. (yes, I do accept tips!)

If you are new to this newsletter,please note that we don’t always use the TQQQ. But when the market is rising so powerfully (as it has for most of this year), I will be happy to get 3 times the gains using the TQQQ – the ETF (exchange traded fund that targets at growing this investment at 2.5 to 3 times the QQQ.

NOTE:  I will continue to highlight the TQQQ in strong Uptrends, and the inverse SQQQ (the triple SHORT QQQ) which rises in falling markets. In a falling market, the SQQQ (short triple QQQ) will rise when the market falls.  That is what a “short”investment does.

Why not let the market do the heavy lifting while we just enjoy the gains?

Back to the second half of the ARMCHAIR INVESTOR NEWSLETTER. Those great tables.  Thanks for your positive feedback!

First take a glance at the last 20 days of the Nasdaq below.

·       Do you like what you see?

NOTE:  I have gone back to my old way of coloring the Nasdaq daily closing price:

·       When the closing price is below the prior prices, it will be orange.

·       When the closing price is rising,it will be green.

·       When the closing price hits anew high on this table, it will be highlighted in green, pointing to its growth!

Please be sure to check in DAILY in this market. Things are moving FAST!!!

You don’t want to be caught with a market that turns back down without your getting out!

The total of stocks with A or B ratings (rising stocks) has skyrocketed! The percent of stocks with A or B ratings rose from a strong 55% 4 weeks ago … to an amazing 72% on Monday.  WOW! – In just 4 weeks!  

And that points to an aggressively rising market!!!

Please watch this newsletter daily. At some point this hot rise will stall and perhaps even fail.

IF THAT HAPPENS - I will be here to tell you if I think it’s time to get out.

   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. If you play individual stocks and ETF’s, play carefully. Use the real returns (daily, weekly, monthly)

>>>> 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 there is an increase in market distribution days (down days on higher volume), then stepping out and waiting in cash can help you save your portfolio for future rallies and let you sleep at night.

REMEMBER:_____EVEN IF CASH IS A VALID POSITION,…in 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! And watch daily!

And….. Stay tuned!    Those birds just aren’t going anywhere!

One additional “Word to the Wise”…

>>>>>--- MOST MARKETS FALL FASTER THAN THEY RISE. Beware ofbuying any new positions unless they are very healthy.

Wishing you big returns in your portfolio!.

I APPRECIATE YOUR CONTRIBUTIONS FOR SUPPORTING THIS NEWSLETTER.  I USUALLY SPEND  MORE THAN 4 HOURS RESEARCHING THE IDEAS IN THIS NEWSLETTER, CALCULATING ALL THE DATA I NEED, WRITING THE TEXT FOR THE NEWSLETTER AND…. FORMATING THE NEWSLETTER.

I WELCOME YOUR COMMENTS ON THE MINOR CHANGES IN TODAY’S NEWSLETTER (as described in the notes.)

Thank you for your kind feedback and ideas. Please keep sending them.

Charlotte Hudgin

The Armchair Investor

CharlotteDH100@mail.com