Not a good week, not a buy week. The sum of all the deviations has been -343, -319, and now -1345 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 00, 00, and now 00.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 16% below its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 12% below its 50 day moving average,
IWM (Russell 2000 ETF) is 25% below its 50 day moving average,
None are above their 200 day moving average.
The sum of the deviations is negative.
Not a time to buy – Sum of all deviations is not up 2 weeks in a row.
There are ETFs which go up as the market goes down.
SH is the inverse of SPY and is 16% above its 50 day average.
PSQ is the inverse of QQQ and is 10% above its 50 day average.
RWM is the inverse of IWM and is 28% above its 50 day average.
For the week The first time ever I’ve seen all deviations negative. Even SGold which was #1 last week is now #89. When you need to sell,you sell
every thing you can.
IRA#1
STechnology has a price of 18.33, a sell price 21.22, a rank of 06, and is a hold until 3/19/20. (ETF – FTXL, SOXX)
IRA#2
SSemiconductors has a price of 9.97, a sell price 12.51, a rank of 38, and is a hold until 3/19/20 (ETF – XLK, IETC )
IRA#1 STechnology and IRA#2 Semiconductors were purchased on 2/18 and cannot be sold before 3/19 without breaking the Fidelity rules against short
term trading.
My investment changes this weekend:
IRA #1 – None
IRA #2 – None
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 100% 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).
-1.73 01-03 FHKCX 36.21 ChinaRegion NO
-2.10 02-02 FSHCX 95.57 SHealthCareServices NO
-2.46 03-42 FSPTX 18.33 STechnology NO
-3.59 04-03 FSEAX 41.50 EmergingAsia NO
-4.01 05-02 FPHAX 20.61 SPharmaceuticals NO
-4.31 06-02 FNBGX 16.03 Long-Term Treasury Bond Index NO
-4.57 07-01 FUAMX 11.69 IntermediateTreasuryBondIndex NO
-5.23 08-39 FSCSX 18.21 SSoftware&ITServices NO
-5.50 09-11 FTRNX 96.93 Trend NO
-5.71 10-02 FFIDX 45.71 Fidelity NO
-6.14 11-02 FLGEX 19.33 LargeCapGrowthEnhancedIndex NO
-6.45 12-18 FOCPX 11.36 OTCPortfolio NO
-6.47 13-02 FSPHX 25.08 SHealthCare NO
-6.57 14-01 FDFFX 32.99 Independence NO
-6.63 15-01 FMAGX 9.21 Magellan NO
-6.88 16-01 FPURX 20.66 Puritian NO
-6.94 17-01 FTQGX 23.24 FocusedStock NO
-7.02 18-31 FWRLX 9.77 SWireless NO
-7.56 19-13 FNCMX 98.92 NasdaqCompositeIndex NO
-7.66 20-01 FBSOX 67.57 SITServices NO
Last Week
10.80 01-03 FSAGX 24.92 SGold NO
5.55 02-01 FPHAX 22.71 SPharmaceuticals NO
5.32 03-05 FBIOX 21.44 SBiotechnology NO
5.28 04-02 FHKCX 38.83 ChinaRegion NO
5.13 05-02 FSEAX 45.34 EmergingAsia NO
4.21 06-41 FSPTX 19.61 STechnology NO
3.40 07-01 FSHCX 101.05 SHealthCareServices NO
3.26 08-30 FWRLX 10.89 SWireless NO
2.80 09-01 FNBGX 17.26 Long-Term Treasury Bond Index NO
2.71 10-01 FSUTX 96.13 SUtilities NO
2.46 11-01 FSPHX 27.57 SHealthCare NO
2.45 12-17 FDCPX 79.79 SComputers NO
1.69 13-02 FRIFX 12.46 RealEstateIncome NO
1.31 14-38 FSCSX 19.52 SSoftware&ITServices NO
1.19 15-10 FTRNX 104.10 Trend NO
0.86 16-17 FOCPX 12.29 OTCPortfolio NO
0.84 17-01 FFIDX 49.03 Fidelity NO
0.57 18-37 FSELX 11.31 SSemiconductors NO
0.48 19-01 FLGEX 20.76 LargeCapGrowthEnhancedIndex NO
0.24 20-12 FNCMX 107.69 NasdaqCompositeIndex NO
IRA#1 is currently invested in:
100% – STechnology(FSPTX)(18Feb20) from Cash(03Feb20)
Nov19 1m+6% 3m-0% 6m+23% 12m+2%
Average annual return since 1/82 na%
IRA#2 is currently invested in:
20% – SSemiconductors(FSELX)(18Feb20) from Cash(03Feb20)
20% – Cash(03Feb20) from SHealthCareServices(09Dec19)
20% – Cash(03Feb20) from SComputers(16Dec19)
20% – Cash(02Mar20) from STechnology(21Jan20)
20% – Cash(02Mar20) from SWireless(21Oct19)
Nov19 1m+1% 3m+1% 6m+8% 12m+3%
Average annual return since 1/82 na%