A bad week, the worst week since 2008, not a time to buy. The sum of all the deviations has been 1095, 1325, and now 851.
The number of funds I rate as a buy over the last 3 weeks has been 63, 67, and now 00.
The explosive uptrend blew up. I do not remember the last time the sum of all the deviations went above 1000. Obviously a indication of a severely over bought market.
I have no idea what the market is doing next. It is still over bought but that does not indicate it will go down. One of my ETFs was sold but the rest, and the mutual funds, are still above their sell price by 1% or so. The purpose of my sell price is to limit my loss. When a fund starts to fall, there is not a way to tell when the loss will stop.
At the same time I purchased SRetailing I purchased two retailing ETFs – RTH (VanEck Retail) and XRT (SPDR S&P Retail). All 3 went up but over the last 4 days have fallen. XRT fell the most and I was stopped out on Friday for a loss of 5%. The other two are within less than 2% of their sell price.
IRA#1 and IRS#2
SSemiconductors has a price of 114.11, a sell price 114.02, and a rank of 34, and is a hold for now. (ETF – ARKW)
IRA#2
EmergingMarketsIndex – InvC has a price of 11.99, a sell price 11.93, and a rank of 10, and is a hold. (ETF – EEMO)
SRetailing has a price of 143.82, a sell price 141.45, a rank of 01, and is a hold. (ETF – RTH)
SBrokerageandInvestmentManagement has a price of 85.03, a sell price 84.05, a rank of 12, and is a hold. (ETF – CHIX)
EmergingEuropeMiddleEastAfrica has a price of 10.83, a sell price 10.29, a rank of 05, and is a hold. (ETF – EMQQ)
Interesting that each investment almost hit the sell price – just not quite.
My mutual fund portfolio 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).
This week:
17.03 01-12 FSRPX 143.82 SRetailing
15.80 02-04 FSDAX 181.24 SDefense&Aerospace
13.87 03-07 FSENX 46.97 SEnergy
13.33 04-08 FHKCX 37.97 ChinaReqion
13.04 05-07 FEMEX 10.83 EmergingEuropeMiddleEastAfrica
12.65 06-04 FSCPX 44.39 SConsumerDiscretionary
11.92 07-02 FSCSX 175.84 SSoftware&ITServices
11.89 08-05 FBSOX 57.73 SITServices
11.79 09-02 FSCOX 20.32 InternationalSmallCapOpportunities
11.69 10-06 FPEMX 11.99 EmergingMarketsIndex – InvC
11.54 11-02 FCNTX 130.86 Contrafund
11.49 12-10 FSLBX 85.03 SBrokerageandInvestmentManagement
11.46 13-01 FIDSX 119.87 SFinancialServices
11.04 14-01 FJSCX 19.64 JapanSmallerCompanies
10.92 15-01 FSPTX 189.07 STechnology
10.80 16-01 FSVLX 16.68 SConsumerFinance
10.75 17-05 FTQGX 24.04 FocusedStock
10.67 18-01 FMAGX 110.36 Magellan
10.64 19-03 FEMKX 33.94 EmergingMarkets
10.62 20-02 FBGRX 92.60 BlueChipGrowth
Last week
22.25 01-11 FSRPX 148.89 SRetailing
19.24 02-07 FHKCX 39.67 ChinaReqion
18.76 03-06 FEMEX 11.30 EmergingEuropeMiddleEastAfrica Yes
18.29 04-03 FSDAX 183.60 SDefense&Aerospace
17.73 05-05 FPEMX 12.56 EmergingMarketsIndex – InvC Yes
16.88 06-03 FSCPX 45.75 SConsumerDiscretionary Yes
16.88 07-04 FBSOX 59.93 SITServices Yes
16.71 08-09 FSLBX 88.47 SBrokerageandInvestmentManagement Yes
16.70 09-02 FEMKX 35.60 EmergingMarkets Yes
16.48 10-04 FTQGX 25.14 FocusedStock Yes
16.36 11-06 FSEAX 48.57 EmergingAsia
16.36 12-16 FFGCX 14.16 GlobalCommodityStock
16.29 13-01 FSCSX 181.56 SSoftware&ITServices Yes
15.78 14-01 FCNTX 135.02 Contrafund Yes
15.78 15-06 FSENX 47.41 SEnergy
15.76 16-01 FDCPX 97.91 SComputers Yes
15.75 17-18 FSELX 120.02 SSemiconductors Yes
15.62 18-01 FBGRX 96.24 BlueChipGrowth Yes
15.59 19-01 FSCOX 20.88 InternationalSmallCapOpportunities
15.46 20-02 FLGEX 20.51 LargeCapGrowthEnhancedIndex Yes
IRA#1 is currently invested in:
100% – SSemiconductors(FSELX)(26Dec17) from CashReserves(FDRXX)
Dec17 1m-1% 3m+7% 6m+18% 12m+18% 24m+46% 36m+28% 60m+92% 120m-5%
Nov17 1m+0% 3m+9% 6m+16% 12m+26% 24m+45% 36m+32% 60m+97% 120m-8%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – EmergingEuropeMiddleEastAfrica(FEMEX)(29Jan18) from CashReserves(FDRXX)
20% – SBrokerageandInvestmentManagement(FSLBX)(22Jan18) from CashReserves(FDRXX)
20% – SRetailing(FSRPX)(16Jan18) from CashReserves(FDRXX)
20% – SSemiconductors(FSELX)(26Dec17) from CashReserves(FDRXX)
20% – EmergingMarketsIndex – IC(FPEMX)(24Jul17) from CashResrves(FDRXX)
Dec17 1m-0% 3m+4% 6m+7% 12m+13% 24m+23% 36m+22% 60m+35% 120m+41%
Nov17 1m+1% 3m+4% 6m+5% 12m+16% 24m+21% 36m+23% 60m+35% 120m+33%
Average annual return since 1/82 11%