A bad week, not a buy week. The sum of all the deviations has been 553, 540, and now 301 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 75, 43, and now 00.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 3% above its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 3% above its 50 day moving average,
IWM (Russell 2000 ETF) is 2% above its 50 day moving average,
All three indicators are below their 200 day moving average.
The sum of the deviations is positive.
Not a time to buy.
The 07Mar podcast of MacroVoices – www.macrovoices.com – presents an interesting view of the current market (rated PG13) and an idea on why the Ides of March may not be good for the market.
IRA#1
LatinAmerica has a price of 23.40, a sell price 23.88, a rank of 16, and is a Sell. (ETF – EWZS, FBZ)
IRA#2
LatinAmerica has a price of 23.40, a sell price 23.88, a rank of 16, and is a Sell. (ETF – EWZS, FBZ)
SITServices has a price of 64.20, a sell price 62.32, a rank of 01, and is a hold. (ETF – PSJ, FTXL)
SGold has a price of 19.12, a sell price 18.72, a rank of 04, and is a hold. (ETF – GDX, GDXJ)
SDefense&Aerospace has a price of 16.71, a sell price 16.42, a rank of 02, and is a hold. (ETF – ITA, XAR)
My investment changes this weekend.
IRA #1 – Sell LatinAmerica FLATX
IRA #2 – Sell LatinAmerica FLATX
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 60% 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).
%Dev Rnk SYMB Price Fund Name 2wk UP?
9.51 01-09 FBSOX 64.20 SITServices
8.18 02-06 FSDAX 16.71 SDefense&Aerospace
8.00 03-06 FHKCX 33.40 ChinaReqion
7.54 04-01 FSAGX 19.12 SGold
6.45 05-09 FSVLX 15.54 SConsumerFinance
6.38 06-01 FRESX 43.08 RealEstateInvestment
5.85 07-03 FSPTX 15.17 STechnology
5.80 08-04 FSDCX 39.37 SCommunicationsEquipment
5.79 09-01 FSUTX 86.22 SUtilities
5.75 10-01 FBMPX 75.48 SCommunicationServices
5.73 11-05 FCYIX 33.02 SIndustrials
5.65 12-02 FSCSX 18.41 SSoftware&ITServices
5.56 13-02 FSEAX 40.58 EmergingAsia
5.33 14-01 FCVSX 28.00 ConvertibleSecurities
5.32 15-01 FSRNX 16.01 RealEstateIndex
5.24 16-22 FLATX 23.40 LatinAmerica
5.03 17-09 FDSCX 22.63 StockSelectorSmallCap
5.01 18-01 FSLSX 34.73 ValueStrategies
4.81 19-01 FOCPX 11.12 OTCPortfolio
4.61 20-02 FDSSX 42.80 StockSelectorAllCap
Last Week
12.46 01-08 FBSOX 65.60 SITServices Yes
12.35 02-05 FSDAX 17.28 SDefense&Aerospace
11.28 03-05 FHKCX 34.27 ChinaRegion Yes
9.41 04-08 FCPEX 12.64 SmallCapEnhancedIndex
9.24 05-08 FSSNX 20.36 SmallCapIndex
9.15 06-08 FSVLX 15.88 SConsumerFinance
8.98 07-08 FDSCX 23.42 StockSelectorSmallCap Yes
8.98 08-03 FSDCX 40.43 SCommunicationsEquipment
8.91 09-04 FCYIX 33.91 SIndustrials
8.84 10-02 FSPTX 15.55 STechnology Yes
8.33 11-01 FSCSX 18.82 SSoftware&ITServices Yes
8.23 12-03 FSMEX 53.82 SMedicalTechnologyandDevices
8.00 13-03 FSSMX 35.42 StockSelectorMidCap
7.92 14-21 FLATX 23.93 LatinAmerica
7.71 15-01 FTQGX 23.68 FocusedStock Yes
7.67 16-02 FSELX 25.04 SEnvironment&AlternativeEnergy
7.66 17-03 FDVLX 10.22 Value
7.60 18-08 FSLCX 16.47 SmallCapStock
7.48 19-01 FDSSX 43.87 StockSelectorAllCap Yes
7.46 20-01 FSEAX 41.19 EmergingAsia Yes
IRA#1 is currently invested in:
100% – Cash(11Mar19) from LatinAmerica(FLATX)(22Jan19)
Nov18 1m+2% 3m-5% 6m-3% 12m-2% 24m+24% 36m+42% 60m+35% 120m+3%
Oct18 1m-8% 3m-1% 6m-3% 12m-3% 24m+23% 36m+35% 60m+36% 120m+2%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – SDefense&Aerospace(FSDAX)(25Feb19) from Cash(24Sep18)
20% – SGold(FSAGX)(03Feb19) from Cash(15Oct18)
20% – SITServices(FBSOX)(28Jan19) from Cash(15Oct18)
20% – Cash(11Mar19) from LatinAmerica(FLATX)(22Jan19)
20% – Cash(17Dec18) from SHealthCareServices(FSHCX)(12Nov18)
Nov18 1m+1% 3m-7% 6m-4% 12m-5% 24m+10% 36m+10% 60m+16% 120m+33%
Oct18 1m-9% 3m-5% 6m-4% 12m-4% 24m+12% 36m+14% 60m+16% 120m+32%
Average annual return since 1/82 10%