ACI 2023-12-22F Nasdaq, S&P500 and DJIA take first DISTRIBUTION days IN 20 DAYS

ACI 2023-12-22F Nasdaq,S&P500 and DJIA take first DISTRIBUTION days IN 20 DAYS

NOTE: I am in on vacation visiting family until 1/3/2024. The Armchair Investor newsletter will be abbreviated and probably late every day.

The market holds at new highs for 2023! I hope you are enjoying the tripleQQQ (TQQQ) recent gains.  The market traders return to business on Tuesday.

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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 Friday’s chart below,you can see the Nasdaq recently climbed higher for 9 days! Amazing! The Nasdaq is just 8.1% below its ALL-TIME HIGH! Wow!!!

Why did the daily TQQQ volume drop from 300 million shares traded on most active days at the start of 2023….to only66 million shares?

Look at the rise in price! From $17/share to  $50/share last Friday.  The critical question is the DOLLAR VOLUME not the number of shares traded. As the price of the QQQ rises, the volume declines proportionately.

>>> The Important lesson from the above note is that the lower volume in the rising QQQ does NOT indicate a decline in market action. To the contrary, the dollar-volume has been solid.

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LOOKING BACK AT 2023:
The TQQQ is up 189.9% so far 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.

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 small price to pay for this level of growth in your portfolio.

>>>>But can we expect the QQQ andTQQQ (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!

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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 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!

And….. those birds still aren’t going anywhere!

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 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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