A good week, a buy week. The sum of all the deviations has been 307, 306, and now 511 – not up 2 weeks in a row but the previous two weeks are so close, I’m going to buy.
Each week I delete the lowest performing fund and add another fund based on last month’s performance. This tends to distort the exactness of the sum of all deviations.
The number of funds I rate as a buy over the last 3 weeks has been 13, 5, and now 37.
The website https://wishingwealthblog.com/ produces a weekly, free email which provides some indicators of what the author thinks the market is doing. On their 04May post received on 06May their General Market Index(s) was a bullish 4 out of 6 indicators (4/6 – GMI) and was 7 out of 8 indicators (7/8 – GMI2). The email also presented two charts with a short discussion. The SPY (S&P500 ETF) is up against its descending down-trend and still below its 30 and 10 week averages – bearish. The QQQ (Nasdaq 100 ETF) is holding above its rising 30 and 10 week average – bullish. Not a strong view of a market trend.
This week the Fidelity’s list of fund prices indicated in the title it was updated for today prices at about 6pm. However until about 7:30pm the numbers were yesterdays. Be careful in looking at Fidelity’s website. They to not seen be too concerned about accuracy.
You still have time to sign up for Kaltbaum’s free (for a month) email service. Name, phone, and email address to gkaltbaum@kaltbaum.net. It may make you some money. Wednesday on his show the had Jim Rohrbach of investment-models.com. He said his numbers got him out of the end of January and back in Wednesday. He will sent you a free month of his biweekly report if you send him an email requesting it.
IRA#1
SEnergy has a price of 48.43, a sell price 46.01, a rank of 01, and is a hold. (ETF – IEO, PXI)
IRA#2
SEnergy has a price of 48.43, a sell price 46.01, a rank of 01, and is a hold. (ETF – IEO, PXI)
SITServices has a price of 60.36, a sell price TBD, a rank of 02, and is a Buy. (ETF – XWEB, XITK)
My mutual fund portfolio changes this weekend:
IRA #1 – None
IRA #2 – Invest 20% in FBSOX – SITServices
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 100% 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:
13.66 01-05 FSENX 48.43 SEnergy Yes
11.30 02-17 FBSOX 60.36 SITServices Yes
11.13 03-16 FSCSX 18.23 SSoftware&ITServices Yes
10.86 04-26 FSRPX 14.55 SRetailing
10.31 05-15 FSPTX 180.72 STechnology Yes
10.00 06-13 FCPGX 27.64 SmallCapGrowth Yes
9.95 07-06 FFGCX 13.99 GlobalCommodityStock
9.85 08-14 FSDCX 37.97 SCommunicationsEquipment
9.67 09-02 FOCPX 12.11 OTCPortfolio Yes
9.51 10-05 FTQGX 25.04 FocusedStock Yes
9.06 11-05 FBGRX 95.93 BlueChipGrowth Yes
8.66 12-03 FDCAX 38.19 CapitalAppreciation Yes
8.41 13-04 FCNTX 131.44 Contrafund Yes
8.12 14-02 FSELX 11.27 SSemiconductors Yes
7.85 15-02 FDSVX 35.56 Growth Discovery Yes
7.65 16-01 FTRNX 105.13 Trend Yes
7.49 17-02 FDCPX 94.75 SComputers Yes
7.44 18-02 FNCMX 97.39 NasdaqCompositeIndex Yes
7.24 19-01 FSUIX 14.19 LargeCapGrowthIndex – Inv Yes
6.98 20-01 FWWFX 28.21 Worldwide Yes
last week:
11.95 01-04 FSENX 47.36 SEnergy
10.49 02-25 FSRPX 144.20 SRetailing
9.35 03-16 FBSOX 58.95 SITServices
8.05 04-15 FSCSX 176.18 SSoftware&ITServices
7.92 05-13 FSDCX 37.11 SCommunicationsEquipment
7.09 06-14 FSPTX 174.49 STechnology
6.98 07-05 FFGCX 13.54 GlobalCommodityStock
6.90 08-12 FCPGX 26.72 SmallCapGrowth
6.53 09-01 FOCPX 117.05 OTCPortfolio
6.45 10-04 FBGRX 93.19 BlueChipGrowth
6.10 11-03 FSCPX 43.00 SConsumerDiscretionary
6.02 12-04 FTQGX 24.12 FocusedStock
5.58 13-01 FSELX 109.58 SSemiconductors
5.46 14-03 FCNTX 127.29 Contrafund
5.35 15-02 FDCAX 36.86 CapitalAppreciation
5.31 16-01 FDCPX 92.47 SComputers
5.29 17-07 FSCOX 20.05 InternationalSmallCapOpportunitiesS
5.19 18-01 FDSVX 34.54 Growth Discovery
5.09 19-07 FCONX 10.04 ConservativeIncomeBond
4.99 20-01 FNCMX 94.80 NasdaqCompositeIndex
IRA#1 is currently invested in:
100% – SEnergy(FSENX)(23Apr18) from CashReserves(FDRXX)(12Feb18)
Mar18 1m+0% 3m-1% 6m+6% 12m+21% 24m+53% 36m+7% 60m+64% 120m+11%
Feb18 1m-6% 3m-1% 6m+7% 12m+13% 24m+53% 36m+13% 60m+79% 120m+11%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – SITServices(FBSOX)(14May18) from CashReserves(FDRXX)(12Feb18)
20% – SEnergy(FSENX)(23Apr18) from CashReserves(FDRXX)(12Feb18)
20% – CashReserves(FDRXX)(02Apr18) from EmergingEuropeMiddleEastAfrica(FEMEX)(29Jan18)
20% – CashReserves(FDRXX)(26Mar18) from SRetailing(FSRPX)(16Jan18)
20% – CashReserves(FDRXX)(05Mar18) from SBrokerageandInvestmentManagement(FSLBX)(22Jan18)
Mar18 1m-1% 3m-1% 6m+2% 12m+7% 24m+26% 36m+14% 60m+23% 120m+38%
Feb18 1m-4% 3m-1% 6m+3% 12m+6% 24m+28% 36m+17% 60m+29% 120m+39%
Average annual return since 1/82 11%