A good week week, not a buy week. The sum of all the deviations has been -24.63, -1578, and now -1774 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 00, 05, and now 12.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 16% below its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 12% below its 50 day moving average,
IWM (Russell 2000 ETF) is 26% below its 50 day moving average,
None are above their 200 day moving average.
The sum of the deviations is negative.
Not a time to buy – Sum of all deviations is not up 2 weeks in a row.
There are ETFs which go up as the market goes down.
SH is the inverse of SPY and is 11% above its 50 day average.
PSQ is the inverse of QQQ and is 06% above its 50 day average.
RWM is the inverse of IWM and is 21% above its 50 day average.
It sure looks like we are in for some more down markets.
This year DIA (DowJonesIndustrials ETF) is down 22.62%
This year SPY (Standard&Jones 500 ETF) is down 19.45%
This year QQQ (NASDAQ 100 ETF) is down 10.24%
This year PTNQ (QQQ with a built in sell) is down 13.73%. PTNQ switched to 50% T-bills on 3/19. Currently the 200 day moving average is 0.07% above itself 5 days ago. When ths 200 day moving average declines by just 0.08% PTNQ will switch to 100% T-bills. https://www.paceretfs.com/media/trendpilot_tracker.pdf provides the latest information on all 6 Pacer Trentpilot ETFs.
IRA#1
No investments
IRA#2
No investments
My investment changes this weekend:
IRA #1 – none
IRA #2 – none
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% 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).
4.01 01-05 FNBGX 17.48 Long-Term Treasury Bond Index YES
-1.38 02-04 FUAMX 12.04 IntermediateTreasuryBondIndex YES
-1.77 03-05 FPHAX 20.87 SPharmaceuticals YES
-4.88 04-06 FHKCX 34.68 ChinaRegion NO
-4.94 05-02 FSAGX 20.79 SGold YES
-6.57 06-05 FSPHX 24.65 SHealthCare YES
-7.85 07-34 FWRLX 9.53 SWireless NO
-8.36 08-06 FSEAX 38.85 EmergingAsia NO
-8.99 09-06 FBIOX 18.13 SBiotechnology NO
-9.65 10-01 FGOVX 11.20 GovernmentIncome YES
-9.90 11-45 FSPTX 16.64 STechnology NO
-9.91 12-04 FPURX 19.62 Puritian NO
-10.02 13-01 FSMEX 50.10 SMedicalTechnologyandDevices YES
-10.28 14-42 FSCSX 16.93 SSoftware&ITServices NO
-10.43 15-03 FDCPX 68.15 SComputers NO
-10.54 16-14 FTRNX 90.00 Trend NO
-10.64 17-02 FFIDX 42.44 Fidelity NO
-10.78 18-05 FLGEX 18.00 LargeCapGrowthEnhancedIndex NO
-10.97 19-03 FCVSX 26.15 ConvertibleSecurities NO
-11.10 20-11 FOCPX 10.58 OTCPortfolio NO
Last Week
3.57 01-04 FNBGX 17.37 Long-Term Treasury Bond Index YES
-1.78 02-03 FUAMX 12.00 IntermediateTreasuryBondIndex YES
-4.71 03-05 FHKCX 34.83 ChinaRegion NO
-5.30 04-04 FPHAX 20.14 SPharmaceuticals NO
-6.55 05-05 FSEAX 39.79 EmergingAsia NO
-6.92 06-01 FSAGX 20.41 SGold YES
-7.07 07-33 FWRLX 9.65 SWireless NO
-7.29 08-44 FSPTX 17.21 STechnology NO
-7.46 09-04 FSPHX 24.50 SHealthCare NO
-7.73 10-02 FCVSX 27.26 ConvertibleSecurities NO
-7.81 11-41 FSCSX 17.49 SSoftware&ITServices NO
-8.48 12-02 FDCPX 70.02 SComputers NO
-8.57 13-13 FTRNX 92.50 Trend NO
-8.66 14-05 FBIOX 18.28 SBiotechnology NO
-9.38 15-03 FPURX 19.84 Puritian NO
-9.75 16-01 FSHCX 86.69 SHealthCareServices NO
-9.86 17-10 FOCPX 10.79 OTCPortfolio NO
-9.94 18-01 FFIDX 43.01 Fidelity NO
-10.10 19-04 FLGEX 18.24 LargeCapGrowthEnhancedIndex NO
-10.16 20-01 FPBFX 28.52 PacificBasin NO
IRA#1 is currently invested in:
100% – Cash(23Mar20) from STechnology(FSPTX)(18Feb20)
Nov19 1m+6% 3m-0% 6m+23% 12m+2%
Average annual return since 1/82 na%
IRA#2 is currently invested in:
20% – Cash(23Mar20) from SSemiconductors(FSELX)(18Feb20)
20% – Cash(03Feb20) from SHealthCareServices(09Dec19)
20% – Cash(03Feb20) from SComputers(16Dec19)
20% – Cash(02Mar20) from STechnology(21Jan20)
20% – Cash(02Mar20) from SWireless(21Oct19)
Nov19 1m+1% 3m+1% 6m+8% 12m+3%
Average annual return since 1/82 na%