A bad week, a sell week. The sum of all the deviations has been 453, 241, and now -157 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 04, 01, and now 00.
All the ETFs I had been invested in have declined to below their sell price and been sold. All mutual funds will be sold this week – except for the one I have not owned for 30+ days – one of Fidelity’s stupid rules.
One way to tell it is a bad market is to review the top 20 Fidelity funds I follow. Any time a bond fund is in that list (#13) it says stocks are doing poorly.
In his 10/12 radio show, available at BizTalkRadio.com and later on his website garyk.com, Gary Galtbaum suggests you get rid of everything you do not want to watch carefully just in case this market drop is not a simple decline and is really a bear market. He also suggests you should not listen to those who know where the market is going in the future. No one knows.
This market drop reminds me of a year the DJIA was up by 42% on 26Aug, only up 28% on 13Oct, and -9% on 19Oct. After that drop President Reagan signed an executive order setting up the Plunge Protection Team (PPT). There is no evidence the PPT buys investments but some who previously have served on the team have suggested they may call the major banks and ask if they can help stabilize market volatility.
IRA#1
SRetailing has a price of 15.55, a sell price 15.94, a rank of 05, and is a sell. (ETF – XRT stopped out on 24Sep, PEZ stopped out on 02Oct)
IRA#2
SITServices has a price of 62.15 a sell price 64.10, a rank of 10, and is a sell. (ETF – XWEB – stopped out 02Oct, XITK – stopped out on 27Jun)
SRetailing has a price of 15.55, a sell price 15.94, a rank of 05, and is a sell. (ETF – XRT stopped out on 24Sep, PEZ stopped out on 02Oct)
SSoftware&ITServices has a price of 18.51, a sell price 18.86, a rank of 17, and is a sell. (ETF – ARKW stopped out on 30Jul & FDN – stopped out on 30Jul)
SMedicalTechnologyandDevices has a price of 52.53, a sell price 53.83, a rank of 02, and is a sell. (ETF – XPH stopped out on 02Oct, ARKG stopped out on 02Oct)
STransportation has a price of 98.83, a sell price 101.50, a rank of 49, and is a hold. (ETF – IYT stopped out 04Oct, XTN stopped out on 01Oct)
Every fund I own has hit its sell price but STransportation has not been owned for 30 days. Fidelity’s rules will limit your future fund purchase if you sell before 30 days. In the past when I’ve sold within 30 days I get a call telling me not to and warning me that another sale will limit future purchases. I always claim that it they knew how to manage funds, they would not lose enough to make me sell.
My mutual fund portfolio changes this weekend:
IRA #1 – Sell SRetailing
IRA #2 – Sell SITServices, SRetailing, SSoftware&ITServices, and SMedicalTechnologyandDevices
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:
7.58 01-18 FSHCX 103.07 SHealthCareServices
3.86 02-12 FSMEX 52.53 SMedicalTechnologyandDevices
3.85 03-02 FSUTX 88.18 SUtilities
3.72 04-01 FLATX 21.97 LatinAmerica
3.33 05-48 FSRPX 15.55 SRetailing
3.15 06-01 FIUIX 26.93 TelecomandUtilities
2.59 07-02 FSTCX 58.59 STelecommunications
2.04 08-18 FSPHX 25.28 SHealthCare
2.03 09-27 FTQGX 25.88 FocusedStock
1.77 10-40 FBSOX 62.15 SITServices
1.71 11-01 FWRLX 10.37 SWireless
1.59 12-01 FBMPX 77.00 SMultimedia
1.58 13-01 FCONX 10.04 ConservativeIncomeBond
1.54 14-14 FSUIX 14.63 LargeCapGrowthIndex – Inv
1.39 15-05 FDCPX 96.59 SComputers
1.06 16-01 FGRTX 16.34 MegaCapStock
1.06 17-38 FSCSX 18.51 SSoftware&ITServices
1.05 18-01 FRIFX 11.57 RealEstateIncome
0.99 19-01 FLPSX 51.66 Low-Priced Stock
0.74 20-01 FBGRX 94.45 BlueChipGrowth
Last Week
11.88 01-17 FSHCX 106.76 SHealthCareServices
8.17 02-11 FSMEX 54.60 SMedicalTechnologyandDevices
7.94 03-26 FTQGX 27.35 FocusedStock
7.76 04-04 FSDAX 18.77 SDefense&Aerospace
7.19 05-39 FBSOX 65.40 SITServices
6.76 06-17 FSPHX 26.42 SHealthCare
6.51 07-47 FSRPX 16.00 SRetailing
6.14 08-01 FSTCX 60.54 STelecommunications
5.79 09-13 FSUIX 15.23 LargeCapGrowthIndex – Inv
5.60 10-01 FCYIX 37.26 SIndustrials
5.32 11-01 FGRTX 17.02 MegaCapStock
5.32 12-01 FSUTX 89.24 SUtilities
5.16 13-01 FLCSX 34.28 LargeCapStock
5.10 14-37 FSCSX 19.24 SSoftware&ITServices
5.08 15-01 FSPCX 69.45 SInsurance
5.04 16-01 FUSEX 100.85 500 Index – IC
5.03 17-05 FDCPX 99.99 SComputers
5.03 18-01 FGRIX 40.00 Growth&Income
4.96 19-01 FMAGX 11.14 Magellan
4.92 20-07 FTRNX 111.19 Trend
IRA#1 is currently invested in:
100% – Cash(15Oct18) from SRetailing(FSRPX)(16Jul18)
Aug18 1m+6% 3m+1% 6m+4% 12m+12% 24m+22% 36m+49% 60m+57% 120m+9%
Jul18 1m-2% 3m-2% 6m-7% 12m+10% 24m+16% 36m+17% 60m+47% 120m+3%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – STransportation(FSRFX)(24Sep18) from CashReserves(FDRXX)(02Apr18)
20% – Cash(15Oct18) from SMedicalTechnologyandDevices(FSMEX)(04Sep18)
20% – Cash(15Oct18) from SSoftware&ITServices(FSCSX)(16Jul18)
20% – Cash(15Oct18) from SRetailing(FSRPX)(16Jul18)
20% – Cash(15Oct18) from SITServices(FBSOX)(14May18)
Aug18 1m+4% 3m+4% 6m+4% 12m+7% 24m+18% 36m+25% 60m+29% 120m+44%
Jul18 1m+0% 3m+1% 6m-3% 12m+6% 24m+11% 36m+13% 60m+19% 120m+40%
Average annual return since 1/82 11%