Not a good week, not a buy week. The sum of all the deviations has been 732, 738, and now 492 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 14, 30, and now 1.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 1% above its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 1% above its 50 day moving average,
IWM (Russell 2000 ETF) is 1% 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.
Nothing to add this week. It was a rotten week. If it continues time for FED money printing (QE).
IRA#1
ChinaRegion has a price of 34.52, a sell price 34.61, a rank of 33, and is a sell. (ETF – CNXT, ASHS)
IRA#2
SITServices has a price of 68.58, a sell price 66.17, a rank of 01, and is a hold. (ETF – PSJ, FTXL)
SDefense&Aerospace has a price of 17.00, a sell price 16.42, a rank of 19, and is a hold. (ETF – ITA, XAR)
ChinaRegion has a price of 34.52, a sell price 34.31, a rank of 33, and is a sell. (ETF – CNXT, ASHS)
SSemiconductors has a price of 10.13, a sell price 10.28, a rank of 09, and is a Hold. (ETF – FTXL, XSD)
SSemiconductors is a hold but only because Fidelity requires you to hold a fund for 30 day and I have not owned it for 30 days until Wednesday. Perhaps this week will be an up week for it and it will not be a sell next week.
My investment changes this weekend:
IRA #1 – Sell ChinaRegion
IRA #2 – Sell ChinaRegion
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?
10.70 01-18 FBSOX 68.58 SITServices NO
9.97 02-12 FSPTX 16.71 STechnology NO
9.63 03-17 FSVLX 16.73 SConsumerFinance NO
9.00 04-11 FSCSX 17.99 SSoftware&ITServices NO
8.61 05-10 FBMPX 62.15 SCommunicationServices NO
8.47 06-01 FSPCX 60.84 SInsurance NO
8.38 07-10 FOCPX 12.07 OTCPortfolio NO
8.02 08-05 FSHOX 56.40 SConstructionandHousing NO
7.70 09-06 FSELX 10.13 SSemiconductors NO
7.70 10-05 FSCPX 46.44 SConsumerDiscretionary NO
7.70 11-04 FDLSX 15.45 SLeisure NO
7.16 12-02 FCYIX 34.76 SIndustrials NO
7.10 13-09 FTQGX 24.61 FocusedStock NO
6.84 14-01 FTRNX 102.29 Trend NO
6.75 15-03 FSPGX 15.42 LargeCapGrowthIndex NO
6.66 16-03 FDSVX 36.85 Growth Discovery NO
6.65 17-05 FSRPX 15.68 SRetailing NO
6.59 18-01 FSLBX 73.32 SBrokerageandInvestmentManagement NO
6.55 19-01 FSDAX 17.00 SDefense&Aerospace NO
6.48 20-01 FDEGX 45.33 Growth Strategies NO
Last Week
15.51 01-05 FSELX 10.82 SSemiconductors
14.25 02-11 FSPTX 17.27 STechnology
12.56 03-17 FBSOX 69.34 SITServices
12.47 04-09 FOCPX 12.47 OTCPortfolio
12.00 05-14 FHKCX 36.43 ChinaRegion
11.51 06-06 FSVLX 16.93 SConsumerFinance
11.35 07-10 FSCSX 18.29 SSoftware&ITServices
11.07 08-04 FSCPX 47.70 SConsumerDiscretionary
11.00 09-10 FSEAX 44.61 EmergingAsia
10.96 10-09 FBMPX 63.21 SCommunicationServices
10.74 11-04 FSHOX 57.58 SConstructionandHousing
10.64 12-04 FSRPX 16.21 SRetailing
10.47 13-01 FDCPX 76.29 SComputers
10.41 14-01 FCYIX 35.68 SIndustrials
10.04 15-08 FTQGX 25.19 FocusedStock
9.96 16-02 FNCMX 106.34 NasdaqCompositeIndex
9.78 17-02 FBGRX 103.14 BlueChipGrowth
9.77 18-02 FSPGX 15.80 LargeCapGrowthIndex
9.67 19-03 FDLSX 15.67 SLeisure
9.50 20-02 FDSVX 37.70 Growth Discovery
IRA#1 is currently invested in:
100% – Cash(13May19) from ChinaRegion(FSHCX)(08Apr19)
Mar19 1m-1% 3m-4% 6m-14% 12m-9% 24m+9% 36m+39% 60m+23% 120m+12%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – Cash(13May19) from ChinaRegion(FSHCX)(08Apr19)
20% – Cash(22Apr19) from SGold(FSAGX)(03Feb19)
20% – SSemiconductors(FSELX)(15Apr19) from Cash(11Mar19)
20% – SDefense&Aerospace(FSDAX)(25Feb19) from Cash(24Sep18)
20% – SITServices(FBSOX)(28Jan19) from Cash(15Oct18)
Mar19 1m-0% 3m+2% 6m-9% 12m-4% 24m+3% 36m+21% 60m+17% 120m+32%
Average annual return since 1/82 11%
ETFs
PTNQ Mar19 1m+4% 3m+4% 6m-5% 12m+10%
QQQ Mar19 1m+4% 3m+16% 6m-3% 12m+13%
TQQQ Mar19 1m+11% 3m+53% 6m-20% 12m+18%