Not a good week, not a buy week. The sum of all the deviations has been 863, 882, and now 822 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 75, 57, and now 09.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 3% above its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 5% above its 50 day moving average,
IWM (Russell 2000 ETF) is 3% 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.
It is sure looking like 1999 all over again. At that time the market continued up until the middle of 2000 before most of the stocks went down. Some market watchers are calling this a melt up – which generally ends badly. Just make sure your are watching your investments and have your sell prices noted.
IRA#1
SSemiconductors has a price of 12.52, a sell price 11.92, a rank of 01, and is a hold. (ETF – XSD, SMH)
IRA#2
SSemiconductors has a price of 12.52, a sell price 11.92, a rank of 01, and is a hold. (ETF – XSD, SMH)
SWireless has a price of 11.18, a sell price 10.67, a rank of 10, and is a hold. (ETF – IYZ, XTL)
SAutomotive has a price of 37.10, a sell price 35.53, a rank of 13, and is a hold. (ETF – RGI, EXI)
SHealthCareServices has a price of 103.78, a sell price 100.00, a rank of 14, and is a hold. (ETF – GNOM, BBC)
SComputers has a price of 84.10, a sell price 79.90, a rank of 03 and is a hold. (ETF – SNSR, SMH)
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).
18.77 01-29 FSELX 12.52 SSemiconductors NO
15.68 02-05 FSESX 24.91 SEnergyServices YES
14.69 03-08 FDCPX 84.10 SComputers NO
14.28 04-12 FSPTX 20.08 STechnology NO
14.14 05-04 FHKCX 40.13 ChinaRegion YES
13.31 06-07 FPHAX 23.24 SPharmaceuticals NO
12.79 07-04 FLATX 29.49 LatinAmerica NO
12.56 08-02 FSAGX 24.22 SGold YES
11.90 09-07 FBIOX 21.73 SBiotechnology NO
11.23 10-21 FWRLX 11.18 SWireless NO
11.08 11-08 FOCPX 12.88 OTCPortfolio NO
11.03 12-04 FSEAX 45.83 EmergingAsia YES
10.98 13-13 FSAVX 37.10 SAutomotive NO
10.88 14-08 FSJCX 103.78 SHealthCareServices NO
10.87 15-12 FEXPX 21.92 Export&Multinational NO
10.56 16-03 FEMKX 35.17 EmergingMarkets NO
10.28 17-03 FNCMX 113.27 NasdaqCompositeIndex NO
10.13 18-01 FTRNX 109.09 Trend NO
9.79 19-03 FSPHX 28.44 SHealthCare NO
9.74 20-01 FGRIX 42.37 Growth&Income NO
Last Week
0.24 01-28 FSELX 12.55 SSemiconductors NO
15.35 02-06 FBIOX 22.26 SBiotechnology NO
15.20 03-07 FDCPX 83.82 SComputers YES
14.94 04-06 FPHAX 23.41 SPharmaceuticals NO
14.77 05-04 FSESX 24.51 SEnergyServices YES
14.52 06-11 FSPTX 19.97 STechnology YES
13.48 07-03 FHKCX 39.60 ChinaRegion YES
13.47 08-03 FLATX 29.47 LatinAmerica YES
13.11 09-07 FSJCX 105.26 SHealthCareServices YES
12.39 10-20 FWRLX 11.23 SWireless YES
12.22 11-12 FSAVX 37.30 SAutomotive NO
11.86 12-01 FSAGX 23.91 SGold NO
11.57 13-02 FSPHX 28.75 SHealthCare YES
11.55 14-07 FOCPX 12.86 OTCPortfolio YES
11.41 15-11 FEXPX 21.90 Export&Multinational NO
11.08 16-02 FEMKX 35.14 EmergingMarkets YES
11.07 17-11 FSRBX 28.37 SBanking NO
10.97 18-03 FSEAX 45.54 EmergingAsia YES
10.68 19-02 FNCMX 113.07 NasdaqCompositeIndex YES
10.42 20-01 FPBFX 34.63 PacificBasin YES
It will be some time before I get all of the % returns correct.
IRA#1 is currently invested in:
100% – SSemiconductors(16Sep19) from SGold(FSAGX)(17Jun19))
Nov19 1m+6% 3m-0% 6m+23% 12m+2%
Average annual return since 1/82 na%
IRA#2 is currently invested in:
20% – SHealthCareServices(FSHCX)(09Dec19) from LatinAmerica(FLATX)(04Nov19)
20% – SAutomotive(FSAVX)(28Oct19) from Cash(16Sep19)
20% – SWireless(FWRLX)(21Oct19) from Cash(26Aug19)
20% – SComputers(FDCPX)(16Dec19) From SConstructionandHousing(FSHOX)(16Sep19)
20% – SSemiconductors(09Sep19) from Cash(19Aug19)
Nov19 1m+1% 3m+1% 6m+8% 12m+3%
Average annual return since 1/82 na%