Another good week, time to buy something. The sum of all the deviations has been 726, 799, and now 823.
The twice a week report I am still getting from James Rohrbach, Investment-Models.com, still says buy NYSE and buy Nasdaq. He has had the same buy signals since 8-31-17.
The number of funds I rate as buy over the last 3 weeks has been 27, 49, and now 37.
Fidelity did not have an up to date distribution list this week and some of their funds had distributions. Not only that, when you reviewed details about the individual fund, the distribution was not listed there either. It did show up in the daily quote list, but only listed it as a dividend. Fund distributions can be dividends, capital gains, interest, and other, a total number is needed. When I called Fidelity they had no excuse (AGAIN).
On the 05Oct Super Investors podcast by Jesse Felder, the guest Danielle DiMartio Booth was commenting on the federal reserve board (FED) where she previoulsy worked. She pointed out that all of FED managers have come from academia with NO private enterprise experience. She refered to the current bubbles in everything and indicate when the confidence bubble finally bursts, all the other bubbles will – markets, home mortgages, debt, home prices, etc. Capitalism requires creative destruction (bankruptcy) of those companies which cannot make it. However the FED with their zero interest rates have eliminated creative destruction by allowing companies, which should be bankrupt, borrow at excessively low interest rates to stay in business. She points out when the bubbles start to burst, the public will by complaining loudly cause the DC idiots (also known as the executive, legislative, and judicial branch who do nothing) to demand the FED to save us by printing more money. Thus the bubble gets bigger and the end results worse. Another thing the excessively low interest rates have done is eliminate savings allowing companies borrow more and thus pay their executives more. Savings from the middle class into the income of the richer class.
My S&P500 investment is in RSP (S&P500 EqualWeighted) which has a price of 96.54, 50 day MA of 93.85, a 200 day MA of 91.23, and a 7% stop loss is 89.92.
My current investments:
IRA#1 and IRA#2 – STechnology has a price of 183.99, a sell price 174.79, a rank of 02, and is a hold. (ETF – CQQQ – stoploss 55.73)
IRA#2
SSemiconductors has a price of 115.18, a sell price 100.42, a rank of of 10, and is a hold. (ETF – PSI forgot to buy this but will this Monday)
OTCPortfolio has a price of 106.37, a sell price 101.05, a rank of 22, and is a sell. (ETF – MTUM – stoploss 90.47 )
EmergingMarketsIndex – IC has a price of 11.28, a sell price 10.72, and a rank of 04. (ETF – EEMO – stoploss 19.64)
SBiotechnology – has a price of 231.35, a sell price 223.65, a rank of 13, and is a hold. (ETF – SBIO – stoploss 29.69)
Since it is a buy week, and OTCPortfolio is not one of my top 20 funds so I am selling it and investing in ChinaRegion. The only problem with ChinaReqion is that it has a early selling fee of 1.5% if sold withing 90 days of the purchase.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – exchange OTCPortfolio into ChinaReqion
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:
15.52 01-23 FHKCX 34.42 ChinaReqion Yes
14.34 02-38 FSPTX 183.99 STechnology Yes
14.18 03-12 FSDAX 165.31 SDefense&Aerospace
13.87 04-15 FPEMX 11.28 EmergingMarketsIndex – IC Yes
13.45 05-05 FSCHX 181.95 SChemicals
13.37 06-21 FSEAX 43.15 EmergingAsia Yes
13.30 07-10 FLATX 26.49 LatinAmerica
12.51 08-01 FPBFX 35.06 PacificBasin Yes
12.47 09-08 FFGCX 12.70 GlobalCommodityStock Yes
12.37 10-03 FSELX 115.18 SSemiconductors Yes
12.28 11-28 FEMKX 31.51 EmergingMarkets Yes
11.79 12-04 FSAIX 87.36 SAirTransportation Yes
11.35 13-08 FBIOX 231.35 SBiotechnology
11.13 14-03 FCPGX 24.46 SmallCapGrowth
11.11 15-02 FBSOX 53.04 SITServices Yes
10.88 16-03 FSLBX 80.75 SBrokerageandInvestmentManagement
10.86 17-01 FISMX 29.84 InternationalSmallCap
10.62 18-25 FDSVX 32.48 Growth Discovery
10.58 19-02 FSDPX 91.66 SMaterials Yes
10.55 20-04 FSVLX 15.28 SConsumerFinance
Last week
14.78 01-11 FSDAX 164.94 SDefense&Aerospace
14.41 02-22 FHKCX 33.81 ChinaReqion
14.06 03-09 FLATX 26.48 LatinAmerica
13.99 04-07 FBIOX 235.42 SBiotechnology Yes
13.84 05-37 FSPTX 181.80 STechnology
13.63 06-04 FSCHX 180.94 SChemicals
12.37 07-14 FPEMX 11.05 EmergingMarketsIndex – IC
12.19 08-02 FSELX 114.25 SSemiconductors Yes
11.70 09-07 FFGCX 12.53 GlobalCommodityStock
11.69 10-02 FCPGX 24.44 SmallCapGrowth Yes
11.51 11-03 FSAIX 86.60 SAirTransportation Yes
11.11 12-20 FSEAX 41.99 EmergingAsia
10.98 13-02 FSLBX 80.36 SBrokerageandInvestmentManagement Yes
10.94 14-03 FSVLX 15.25 SConsumerFinance
10.75 15-27 FEMKX 30.88 EmergingMarkets
10.70 16-24 FDSVX 32.32 Growth Discovery
10.51 17-02 FOCPX 105.84 OTCPortfolio Yes
10.40 18-01 FSDPX 91.00 SMaterials
10.02 19-01 FBSOX 52.21 SITServices
9.84 20-02 FSSPX 20.41 SmallCapIndex – IC Yes
IRA#1 is currently invested in:
100% – STechnology(FSPTX)(01May17) from CashReserves(FDRXX)
Aug17 1m+4% 3m+7% 6m+5% 12m+9% 24m+33% 36m+17% 60m+93% 120m-8%
Jul17 1m+5% 3m+8% 6m+5% 12m+6% 24m+7% 36m+17% 60m+81% 120m-18%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – ChinaRegion(FHKCX)(16Oct17) from OTCPortfolio(FOCPX)
20% – SSemiconductors(FSELX)(10Oct17) from SComputers(FDCPX)
20% – SBiotechnology(FBIOX)(05Sep17) from CashResrves(FDRXX)
20% – EmergingMarketsIndex – IC(FPEMX)(24Jul17) from CashResrves(FDRXX)
20% – STechnology(FSPTX)(01May17) from CashReserves(FDRXX)
Aug17 1m+2% 3m+1% 6m+3% 12m+10% 24m+17% 36m+17% 60m+28% 120m+20%
Jul17 1m+1% 3m+2% 6m+5% 12m+5% 24m+7% 36m+16% 60m+25% 120m+22%
Average annual return since 1/82 11%