It was an interesting week, generally up, except while the DJIA was up on Friday, the NASDAQ took a hit. Since most of my investments are more correlated to the NASDAQ most were down on Friday. Nothing passed a sell price, but remember, most summers are poor markets – “sell in May and go away.”
My S&P500 is in RSP (SPY EW) which has a price of 92.88, 50 day MA of 91.32, a 200 day MA of 87.28, and a 7% stop loss is 86.50. Over the last 3 months SPY, the capitalization weighted S&P500 index ETF, has done about 30% better than RSP, the equal weighted index S&P500 index ETF, which indicates the big market leaders are holding the index up, while the smaller stock are not doing as well. It was reported this week that three of the stocks in the Dow Jones Industrial Average are producing half the gain that 30 stock index has had this year. It is not a good sign when the average stock is not doing as well as the higher capitalization stocks.
InestorsBusinessDaily TheBigPicture’s Market Pulse is “Uptrend under pressure” – NOT a time to invest. Computer chip makers took some of the biggest hits Friday, but IBD goes on to point out it happened before on 01Dec, 21Mar, and 28Apr and each time the group resumed its rise.
My current investments:
IRA#1 and IRA#2 – STechnology has a price of 169.04, a sell price 160.59, a rank of 01, and is a hold. ( ETF – CQQQ – current stoploss 43.96 )
IRA#2
SSemiconductors has a price of 109.27, a sell price 103.81, a rank of 02, and is a hold. ( ETF – SMH – current stoploss 82.83)
SComputers has a price of 87.48, a sell price 84.05, a rank of of 17, and is a hold (ETF – PSI – current stoploss 44.24)
SLeasure has a price of 162.38, a sell price 156.63, a rank of 04, and is a hold. (ETF – IBUY – stoploss not allowed)
OTCPortfolio has a price of 104.92, a sell price 99.67, a rank of 03, and is a hold. (ETF – MTUM – stoploss 84.05)
00% Cash in IRA#01 and IRA#2.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My 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).
This week:
18.84 01-20 FSPTX 169.04 STechnology Yes
15.36 02-06 FSELX 109.27 SSemiconductors Yes
14.99 03-18 FOCPX 104.92 OTCPortfolio Yes
13.47 04-11 FDLSX 162.38 SLeisure
13.44 05-05 FHKCX 30.19 ChinaReqion
12.89 06-13 FSEAX 38.88 EmergingAsia Yes
12.73 07-08 FSCSX 153.79 SSoftware&ITServices
12.62 08-11 FBGRX 82.61 BlueChipGrowth
12.53 09-10 FEMKX 28.02 EmergingMarkets Yes
12.31 10-04 FSCOX 17.69 InternationalSmallCapOpportunities
12.13 11-07 FNORX 52.19 Nordic
11.65 12-01 FPBFX 31.85 PacificBasin Yes
11.63 13-07 FDSVX 31.00 Growth Discovery
11.41 14-03 FCNTX 116.65 Contrafund
11.03 15-01 FNCMX 83.31 NasdaqCompositeIndex
10.93 16-06 FIGFX 12.83 InternationalGrowth
10.84 17-21 FDCPX 87.48 SComputers
10.71 18-01 FSDIX 16.36 StrategicDividend&Income Yes
10.71 19-07 FOSFX 47.24 Overseas
10.62 20-07 FIEUX 39.78 Europe
Last week:
18.39 01-19 FSPTX 166.72 STechnology Yes
16.03 02-10 FDLSX 164.87 SLeisure Yes
15.01 03-06 FNORX 53.19 Nordic Yes
14.85 04-17 FOCPX 103.97 OTCPortfolio Yes
14.68 05-05 FSELX 107.75 SSemiconductors Yes
13.32 06-07 FSCSX 153.56 SSoftware&ITServices Yes
13.25 07-06 FIEUX 40.50 Europe Yes
13.17 08-03 FSCOX 17.71 InternationalSmallCapOpportunities Yes
12.74 09-20 FDCPX 88.47 SComputers Yes
12.72 10-10 FBGRX 82.13 BlueChipGrowth Yes
12.58 11-06 FDSVX 31.07 Growth Discovery Yes
12.37 12-06 FOSFX 47.68 Overseas Yes
12.26 13-05 FIGFX 12.91 InternationalGrowth Yes
12.11 14-12 FSEAX 38.35 EmergingAsia Yes
11.94 15-09 FEMKX 27.69 EmergingMarkets Yes
11.82 16-04 FHKCX 29.55 ChinaReqion
11.79 17-05 FWRLX 9.92 SWireless Yes
11.77 18-05 FIGRX 43.66 InternationalDiscovery Yes
11.69 19-02 FCNTX 116.24 Contrafund Yes
11.46 20-03 FIVFX 19.59 InternationalCapApp Yes
IRA#1 is currently invested in:
100% – STechnology(FSPTX)(01May17) from CashReserves(FDRXX)
Mar17 1m-4% 3m-3% 6m-4% 12m+27% 24m-11% 36m+13% 60m+41% 120m+3%
Apr17 1m+0% 3m-3% 6m+4% 12m+3% 24m-10% 36m+13% 60m+51% 120m+4%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – OTCPortfolio(FOCPX)(15May17) from CashReserves(FDRXX)
20% – SLeasure(FDLSX)(08May17) from CashReserves(FDRXX)
20% – STechnology(FSPTX)(01May17) from CashReserves(FDRXX)
20% – SComputers(FDCPX)(13Feb17) from SNaturalGas(FSNGX)
20% – SSemiconductors(FSELX)(08Aug16) from CashReserves(FDRXX)
Mar17 1m-1% 3m+4% 6m+4% 12m+18% 24m+7% 36m+13% 60m+12% 120m+29%
Apr17 1m-1% 3m+3% 6m+9% 12m+13% 24m+7% 36m+13% 60m+15% 120m+20%
Average annual return since 1/82 11%