Is the QQQ rise running out of gas short-term?

Stockcharts ^ | 02/15/24 | self

[TexasGator]

Buy good companies and hold. Hard to lose. Part of my strategy is also looking for dividends. Qualified dividends have a lower tax rate.

Only buy/sell in last decade was Tesla on a dip.

I have posted my “big three” here several times: ETN, JPM, CVX.

I have more banks, railroads and pharmaceuticals.

My tech holdings are mainly in owning ETTGX fund.

[1of10]

“I could never go 16 for 16 at the table.”

Sure you could ... if your playing go fish at the kids table.
Comparing basic buy and hold to poker is ... well a bit odd.

Have you done a real analysis of your returns over time?
Purchasing power of your increased $unit numbers?
I hope you are beating the inflation/depreciation or at least breaking even.

But there is a whole other world of “investing”.
And yes ... you can compare that to a good game of Texas holdem. Very little luck involved, a game of skill and nerves.
This is not 1980 .... nobody gets their quotes from a day old wall street journal.
Diversification should include some speculation, of course it depends on your risk tolerance. Never risk money you can't lose.
Believe me ... it's better than a bass boat much more invigorating than a round of golf and can be very satisfying.

[1of10]

.91 ... good call

I pulled .65 on the day, those WAMs really shook me ..changed the base line twice.
I think Friday was a great example of how different approaches
can work.
Take the WAMs out ... and I was right on .. and by adjusting my base lines I was able to execute a positive swing.
And at the same time you pegged the “real” move and tagged .91 on a down day.
I wish I had flipped my play at 12.35 instead of sidelining..
I could have caught that 2nd WAM ... but I had other things to do.

may all your candles be green ..... hmmmm or red .. now I'm confused

[Eccl 10:2]

“Buy good companies and hold. Hard to lose. Part of my strategy is also looking for dividends. Qualified dividends have a lower tax rate.”

$$$$$$$$$$$$$$$$$$$$

You are, of course correct. This is what made Warren Buffet a multi-deca-billionaire.

There’s a Youtube short out there where he says if you invested $10,000 in the S&P500 in the middle of WWII, and reinvested dividends, and left it alone even through all the disasters we’ve been through as a nation, you’d have over $50,000,000 today.

I love the day-to-day, week-to-week-action, though.

[Eccl 10:2]

We’ll see what the weekend brings. Markets closed Monday.

I’m still looking for some more short-term downside. Maybe 425 on QQQ, maybe 490 on SPY. Then we’ll see when (if?) those levels are hit.

Happy trading to all!