2023-12-21H Nasdaq, S&P500 and DJIA rise after first DISTRIBUTION days in 20 DAYS

ARMCHAIR INVESTOR NEWSLETTER

2023-12-21H Nasdaq,S&P500 and DJIA rise after first DISTRIBUTION days in 20 DAYS

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

WHEN THAT MARKET FAILURE HAPPENS - I will be here to tell you it’s time to get out!

I am in Reno, NV on vacation enjoying a family visit. For the next week, the Armchair Investor newsletter will beabbreviated and probably late every day.

The TQQQ is up 189.9% this year.  Whether you were in the TQQQ this whole year, or took a conservative start in  the QQQ, I hope you are in the TQQQ now.

>>>>But can we expect the QQQ and TQQQ (triple QQQ) to continue rising?

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 2023 chart below, you can see the TQQQ has had an extraordinary year,rising 209%! Amazing!

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

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The ACCUMULATION/DISTRIBUTION RATINGS table shows a slight market slowdown – as expected at the end of the year.

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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!

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One additional “Word to the Wise”…

>>>>>--- MOST MARKETS FALL FASTER THAN THEY RISE. Beware of buying 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 ArmchairInvestor

CharlotteDH100@mail.com

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