Fidelity’s incompetence struck again. Friday about 40 of Fidelity funds had a distribution and on Fidelity’s web site where it says “Distributions for Fidelity Funds Get information on the most recent dividends and capital gains for all funds managed by Fidelity.” there was NO current data. Last December the list was wrong on 09Dec, missing on 16Dec and 23Dec, and incomplete on 30Dec. In December I called twice each weekend and they never did fix it. This weekend only one call. The Fidelity reps to not have a clue about what is listed in their web site about their funds and are of NO help. They claim they will report it, but after the first call last December it only got worse.
“The DecisionPoint Report” from Stockcharts.com is no more. They changed when and how they produce reports. There is an article on the “DecisionPoint Weekly Wrap April 7, 2017” at https://stockcharts.com/articles/ which says the intermediate and long term market trend is still bullish.
My S&P500 is in RSP (SPY EW) which has a price of 90.50, 50 day MA of 90.12, a 200 day MA of 85.20, and a 7% stop loss is 85.81. This is not an investment to buy and hold but then there are no investments to buy and hold.
On the NYSE from a high of 72%+ in Feb, the number of stocks showing bullish action has fallen to 65%. On the Nasdaq the number has fallen from 67% to 60%.
This week on the Macro Voices podcast, Juliette Declercq indicated the Trump bump has run its course. The latest market action seems to indicate she is right.
IBD TBP’s Market Pulse is “Uptrend Under Pressure” as of 21Mar. Not a time to invest.
My current investments:
IRA#1 – not invested – 100% cash
IRA#2
SSemiconductors has a price of 103.87, a sell price 99.39, a rank of 03, and is a hold. ( ETF – SMH – current stoploss 74.14)
SBiotechnology has a price of 196.40, a sell price 197.59, a rank of 06, and is a SELL. (ETF – XBI – current stoploss 67.26)
SComputers has a price of 85.38, a sell price 81.71, a rank of of 01, and is a hold (ETF – PSI- current stoploss 38.85)
40% cash – 60% cash after Monday.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – Sell SBiotechnology
My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 40% 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:
12.43 01-12 FDCPX 85.38 SComputers
11.86 02-11 FSPTX 152.73 STechnology
11.18 03-40 FSELX 103.87 SSemiconductors
10.79 04-03 FSAGX 21.56 SGold
10.57 05-04 FHKCX 27.91 ChinaReqion
10.36 06-15 FBIOX 196.40 SBiotechnology
10.31 07-12 FSCHX 164.66 SChemicals
9.26 08-09 FOCPX 94.10 OTCPortfolio
9.17 09-04 FSEAX 35.68 EmergingAsia
9.10 10-07 FWRLX 9.38 SWireless
8.60 11-02 FARNX 13.79 EventDrivenOpportunities
8.48 12-03 FLATX 21.97 LatinAmerica
8.23 13-03 FEDDX 13.19 EmergingMarketsDiscovery
7.98 14-02 FDLSX 145.91 SLeisure
7.76 15-02 FBGRX 75.17 BlueChipGrowth
7.71 16-08 FNCMX 77.31 NasdaqCompositeIndex
7.59 17-01 FEMKX 25.48 EmergingMarkets
7.38 18-09 FSLEX 24.09 SEnvironmental&AltEnergy
7.35 19-01 FTEMX 11.90 TotalEmergingMarkets
7.14 20-01 FSCSX 142.51 SSoftware&ITServices
Last week:
14.01 01-11 FDCPX 86.01 SComputers
13.86 02-14 FBIOX 201.53 SBiotechnology
12.65 03-39 FSELX 104.62 SSemiconductors
12.61 04-10 FSPTX 152.79 STechnology
11.32 05-11 FSCHX 165.26 SChemicals
10.09 06-06 FWRLX 9.42 SWireless
9.87 07-08 FOCPX 94.16 OTCPortfolio
9.41 08-01 FARNX 13.83 EventDrivenOpportunities
9.31 09-03 FHKCX 27.44 ChinaReqion
8.81 10-01 FDLSX 146.56 SLeisure Portfolio Yes
8.75 11-07 FNCMX 77.74 NasdaqCompositeIndex
8.65 12-03 FSEAX 35.34 EmergingAsia
8.63 13-02 FSAGX 21.02 SGold
8.62 14-02 FLATX 21.90 LatinAmerica
8.51 15-20 FSHCX 88.66 SHealthCareServices
8.47 16-08 FSLEX 24.24 SEnvironmental&AltEnergy
8.46 17-02 FEDDX 13.16 EmergingMarketsDiscovery
8.42 18-01 FBGRX 75.32 BlueChipGrowth
8.22 19-01 FSRBX 32.25 SBanking
8.13 20-01 FCPGX 22.35 SmallCapGrowth
IRA#1 is currently invested in:
100% – CashReserves(FDRXX)(27Mar17) from SBanking(FSRBX)(21Nov16)
Feb17 1m+3% 3m10% 6m+3% 12m+36% 24m+0% 36m+15% 60m+59% 120m-4%
Jan17 1m+1% 3m+8% 6m+1% 12m+32% 24m+2% 36m+14% 60m+56% 120m-7%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – CashReserves(FDRXX)(10Apr17) from SBiotechnology(FBIOX)
20% – CashReserves(FDRXX)(27Mar17) from SBanking(FSRBX)(21Nov16)
20% – CashReserves(FDRXX)(27Mar17) from STransportation(FSRFX)(28Nov16)
20% – SComputers(FDCPX)(13Feb17) from SNaturalGas(FSNGX)
20% – SSemiconductors(FSELX)(08Aug16) from CashReserves(FDRXX)
Feb17 1m+4% 3m+8% 6m+7% 12m21% 24m+10% 36m+10% 60m+18% 120m+31%
Jan17 1m+1% 3m+6% 6m+0% 12m16% 24m+10% 36m+12% 60m+17% 120m+20%
Average annual return since 1/82 11%