NOT a good week, NOT a buy week. The sum of all the deviations has been 620, 714, and now 348 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 02, 13, and now 01.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is +0% above its 50 day moving average,
QQQ (Nasdaq 100 ETF) is +0% above its 50 day moving average,
IWM (Russell 2000 ETF) is -0% above its 50 day moving average,
SPY, QQQ and IWM are above their 200 day moving average.
The sum of the deviations is positive.
Not a time to buy – Sum of all deviations is not up 2 weeks in a row.
The MACROVoices.com podcast/audio this week featured Mark Cudmore #178. The discussion was an evaluation of where the market is now and a not so wonderful outlook for the future.
MACROVoices.com also said on Sunday they were going to have a special audio/podcast featuring Peppa Malmgran and her father Harald. They have been advisors to 6 US presidents. Harald Malmgran was advising the department of defence during the Cuban missile crisis. I expect it to be a great educational discussion.
IRA#1
SGold has a price of 23.08, a sell price 22.25, a rank of 01, and is a hold. (ETF – GDX, GLD)
IRA#2
SITServices has a price of 72.98, a sell price 72.11, a rank of 03, and is a hold. (ETF – PSJ, FTXL)
SDefense&Aerospace has a price of 17.48 a sell price 17.36, a rank of 30, and is a hold for now. (ETF – ITA, XAR)
SGold has a price of 23.08, a sell price 22.25, a rank of 01, and is a hold. (ETF – GDX, GLD)
LatinAmerica has a price of 26.56, a sell price 26.15, a rank of 06, and is a hold. (ETF – EWZS, AGT)
STechnology has a price of 17.27, a sell price 17.18, a rank of 08, and is a hold. (ETF – PTF, IPAY)
My investment changes this weekend:
IRA #1 – None
IRA #2 – None
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 100% invested
The top 20 (out of 100+ I follow) Fidelity funds (percent deviation, rank & weeks on top 20 list, fund symbol, fund price, fund name, and %dev increasing last 2 weeks).
%Dev Rnk SYMB Price Fund Name 2wk UP?
20.18 01-10 FSAGX 23.08 SGold NO
11.45 02-07 FSELX 10.29 SSemiconductors NO
9.43 03-30 FBSOX 72.98 SITServices NO
8.28 04-01 FNBGX 14.22 Long-TermTreasuryBondIndex YES
7.49 05-06 FSVLX 17.23 SConsumerFinance NO
7.48 06-07 FLATX 26.56 LatinAmerica NO
7.38 07-17 FSHOX 58.32 SConstructionandHousing NO
7.33 08-24 FSPTX 17.27 STechnology NO
6.96 09-05 FDLSX 16.33 SLeisure NO
6.57 10-12 FSPCX 62.83 SInsurance NO
6.16 11-23 FSCSX 18.56 SSoftware&ITServices NO
6.09 12-01 FRESX 45.73 RealEstateInvestment NO
6.06 13-01 FSHCX 91.21 SHealthCareServices NO
5.75 14-01 FSMEX 55.92 SMedicalEquipment&Systems NO
5.51 15-01 FSUTX 90.83 SUtilities NO
5.48 16-13 FTRNX 106.01 Trend NO
5.45 17-05 FDFFX 37.51 Independence NO
5.45 18-05 FTQGX 25.40 FocusedStock NO
5.38 19-05 FDEGX 47.72 Growth Strategies NO
5.33 20-01 FSPHX 24.83 SHealthCare NO
Last Week
20.42 01-09 FSAGX 22.88 SGold NO
18.77 02-06 FSELX 10.90 SSemiconductors YES
14.39 03-29 FBSOX 75.91 SITServices NO
12.80 04-23 FSPTX 18.08 STechnology NO
11.11 05-05 FSVLX 17.74 SConsumerFinance NO
11.04 06-22 FSCSX 19.35 SSoftware&ITServices NO
11.03 07-04 FDLSX 16.89 SLeisure NO
10.47 08-06 FLATX 27.19 LatinAmerica NO
10.46 09-11 FSPCX 64.90 SInsurance NO
10.17 10-06 FHKCX 35.58 ChinaRegion YES
10.00 11-12 FTRNX 110.24 Trend NO
9.74 12-04 FDEGX 49.55 Growth Strategies NO
9.61 13-06 FSDAX 18.27 SDefense&Aerospace NO
9.56 14-16 FSHOX 59.27 SConstructionandHousing NO
9.32 15-01 FSAIX 78.67 SAirTransportation NO
9.25 16-04 FTQGX 26.24 FocusedStock NO
9.05 17-04 FDFFX 38.68 Independence NO
8.82 18-01 FOCPX 12.69 OTCPortfolio YES
8.72 19-01 FNCMX 108.69 NasdaqCompositeIndex YES
8.56 20-03 FSAVX 34.11 SAutomotive NO
It will be some time before I get all of the % returns correct.
IRA#1 is currently invested in:
100% – SGold(FSAGX)(17Jun19) from Cash(13May19)
May19 1m-7% 3m-9% 6m-16% 12m-19% 24m+na% 36m+na% 60m+na% 120m+na%
Average annual return since 1/82 na%
IRA#2 is currently invested in:
20% – STechnology(FSPTX_(14Jul19) from Cash(20May19)
20% – LatinAmerica(FLATX(24Jun19) from Cash(13May19)
20% – SGold(FSAGX)(17Jun19) from Cash(13May19)
20% – SDefense&Aerospace(FSDAX)(25Feb19) from Cash(24Sep18)
20% – SITServices(FBSOX)(28Jan19) from Cash(15Oct18)
May19 1m-6% 3m-4% 6m-4% 12m-8% 24m+na% 36m+na% 60m+na% 120m+na%
Average annual return since 1/82 na%
ETFs
PTNQ May19 1m-8% 3m+1% 6m+1% 12m+1%
QQQ May19 1m-8% 3m-0% 6m+3% 12m+3%
TQQQ May19 1m-24% 3m-2% 6m-1% 12m-10%