A not a very good week, time to sell anything which fell below my sell price. The sum of all the deviations has been 816, 784, and now 756.
The number of funds I rate as a buy over the last 3 weeks has been 36, 43, and now 19.
All in all the rotation of technology out of the list of market leaders will result is a sell.
80 Fidelity(F) funds had a distribution this weekend. The 80 funds included 42 of the funds I follow. True to the incompleteness of F numbers, the distributions were not reported. In fact (I called F on this) the fund prices they listed on 12/08 were from 12/07 and yet the gain or loss from 12/07 to 12/08 was correct. Talk about screwed up prices. The distributions were not even included in the fund details. The F representative said that was generally updated in a couple of days. I told him I’ve been dealing with F since before select funds and it has never been a couple of days. I also pointed out that prices without distributions listed somewhere was crap data. Saturday afternoon the fund details had been updated so I went to the info for each of the top 30 funds from last week to get the correct data. I used the year end estimated data for the other funds. I will correct the estimated number during the week.
It bothered me that there was no capital gain distribution for ChinaRegion since it was just barely a sell. So I called F and the rep assured me there was a $0.50 capital gain distribution and thus ChinaRegion was not a sell. However I did not trust the representative when I noticed in the fund details the fund had a capital gain distribution of $0.50 for 2016. So I called F again and the rep did some detailed checking and assured me the previous rep was wrong. Thus ChinaRegion remained a sell.
My current investments:
IRA#1 and IRA#2 – STechnology has a price of 177.82, a sell price 178.31, a rank of 16, and is a SELL. (ETF – CQQQ – stopped out)
IRA#2
SSemiconductors has a price of 110.34, a sell price 111.83, a rank of of 05, and is a SELL. (ETF – PSI – stopped out)
ChinaRegion has a price of 34.41, a sell price 34.65, a rank of 26, and is a SELL. (ETF – CXSE – stopped out) (sell price adjusted for a distribution)
EmergingMarketsIndex – IC has a price of 10.93, a sell price 10.78, and a rank of 43, and is a hold for now. (ETF – EEMO) (sell price adjusted for a distribution)
My mutual fund portfolio changes this weekend:
IRA #1 – Sell STechnology
IRA #2 – Sell Stechnology, SSemiconductors, ChinaRegion
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 20% 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:
14.10 01-04 FSRPX 135.31 SRetailing Yes
13.76 02-02 FSLBX 86.29 SBrokerageandInvestmentManagement Yes
12.57 03-02 FSVLX 16.27 SConsumerFinance Yes
12.06 04-02 FSRFX 107.35 STransportation Yes
11.99 05-11 FSELX 110.34 SSemiconductors
11.64 06-02 FIDSX 117.46 SFinancialServices Yes
11.27 07-20 FSDAX 169.12 SDefense&Aerospace Yes
10.71 08-01 FSAIX 89.36 SAirTransportation Yes
10.69 09-02 FDLSX 175.75 SLeisure Yes
10.61 10-02 FSHOX 70.46 SConstructionandHousing Yes
10.56 11-03 FJSCX 18.60 JapanSmallerCompanies
10.54 12-05 FLGEX 18.75 LargeCapGrowthEnhancedIndex
10.37 13-10 FBSOX 55.27 SITServices
10.13 14-08 FSCSX 172.12 SSoftware&ITServices
10.01 15-02 FSUIX 13.39 LargeCapGrowthIndex – IC
9.88 16-46 FSPTX 177.82 STechnology
9.67 17-09 FPBFX 35.92 PacificBasin
9.48 18-06 FDCPX 97.07 SComputers
9.45 19-01 FOCPX 109.58 OTCPortfolio
9.36 20-01 FBGRX 87.13 BlueChipGrowth
Last week corrected
14.68 01-10 FSELX 112.28 SSemiconductors
13.45 02-03 FSRPX 133.55 SRetailing Yes
12.38 03-01 FSLBX 84.63 SBrokerageandInvestmentManagement Yes
11.15 04-02 FJSCX 19.50 JapanSmallerCompanies Yes
11.11 05-45 FSPTX 178.89 STechnology
10.96 06-01 FIDSX 116.03 SFinancialServices Yes
10.89 07-01 FSVLX 15.92 SConsumerFinance Yes
10.72 08-01 FSRFX 105.39 STransportation Yes
10.66 09-19 FSDAX 167.20 SDefense&Aerospace Yes
10.58 10-04 FLGEX 19.31 LargeCapGrowthEnhancedIndex Yes
10.55 11-30 FHKCX 34.80 ChinaReqion
10.41 12-08 FPBFX 35.98 PacificBasin
10.36 13-01 FSHOX 69.91 SConstructionandHousing Yes
10.35 14-05 FJPNX 15.57 Japan
10.27 15-09 FBSOX 54.92 SITServices
10.18 16-01 FSUIX 13.34 LargeCapGrowthIndex – IC
10.17 17-01 FDLSX 173.94 SLeisure Yes
10.06 18-12 FSCHX 184.23 SChemicals
10.02 19-07 FSCSX 171.03 SSoftware&ITServices
10.02 20-05 FDCPX 97.06 SComputers
IRA#1 is currently invested in:
100% – CashReserves(FDRXX)(12/11/17) from STechnology(FSPTX)(01May17)
Oct17 1m+7% 3m+12% 6m+22% 12m27% 24m+39% 36m+34% 60m+102% 120m-21%
Sep17 1m+1% 3m+10% 6m+14% 12m+9% 24m+34% 36m+20% 60m+94% 120m-16%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – CashReserves(FDRXX)(11Dec17) STechnology(FSPTX)(01May17)
20% – CashReserves(FDRXX)(11Dec17) ChinaRegion(FHKCX)(16Oct17)
20% – CashReserves(FDRXX)(11Dec17) SSemiconductors(FSELX)(09Oct17)
20% – CashReserves(FDRXX)(30Oct17 from SBiotechnology(FBIOX)
20% – EmergingMarketsIndex – IC(FPEMX)(24Jul17) from CashResrves(FDRXX)
Oct17 1m+3% 3m+5% 6m+8% 12m17% 24m+19% 36m+26% 60m+32% 120m+31%
Sep17 1m+0% 3m+3% 6m+4% 12m+9% 24m+17% 36m+19% 60m+25% 120m+10%
Average annual return since 1/82 11%