A bad week, not a buy week. The sum of all the deviations has been -536, -125, and now -284 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 22, 69, and now 16.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 6% above its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 11% above its 50 day moving average,
IWM (Russell 2000 ETF) is 5% above its 50 day moving average,
QQQ is above its 200 day moving average.
The sum of the deviations is negative.
Not a time to buy – Sum of all deviations is negative.
Looks like the S&P500 hit a high on 10Feb at about 3380, before it declined to 2237 on 23Mar, and within the last month hit about 2930. Most of the market monitors I listen to indicate it probably will not hold 2930 before it declines to test the 23Mar bottom. All of this is complicated by fact that the Federal Reserve Board is now buying high yield bond ETFs to support the bond market and the Congress deciding to spend another 3T+/- to support the falling economy.
One of the measurements of the economy is the unemployment rate. It hit a high of 24.9% in 1933 and now stand at 14.7%. In about two weeks the latest unemployment rate will be reported. It sure would be nice if enough employees found jobs so it would not increase much more.
IRA#1
No investments
IRA#2
No investments
My investment changes this weekend:
IRA #1 – none
IRA #2 – none
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% 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).
30.57 01-08 FSAGX 30.58 SGold YES
11.94 02-02 FBIOX 22.59 SBiotechnology YES
9.18 03-05 FIFNX 12.43 Founders YES
9.11 04-10 FSPHX 29.25 SHealthCare YES
8.90 05-06 FBGRX 112.07 BlueChipGrowth NO
8.41 06-05 FSPTX 20.24 STechnology NO
8.12 07-20 FTRNX 110.50 Trend NO
8.02 08-11 FPHAX 23.36 SPharmaceuticals YES
7.83 09-03 FSCSX 20.56 SSoftware&ITServices NO
7.34 10-17 FOCPX 12.95 OTCPortfolio NO
6.94 11-06 FNCMX 113.42 NasdaqCompositeIndex NO
6.19 12-11 FLGEX 21.67 LargeCapGrowthEnhancedIndex NO
6.15 13-06 FCNTX 13.76 Contrafund NO
6.05 14-01 FSHCX 102.46 SHealthCareServices YES
6.01 15-05 FSMEX 59.55 SMedicalTechnologyandDevices NO
5.57 16-02 FTQGX 25.93 FocusedStock NO
5.32 17-12 FHKCX 38.87 ChinaRegion NO
5.02 18-12 FSEAX 44.90 EmergingAsia NO
4.87 19-02 FFIDX 50.24 Fidelity NO
4.67 20-01 FDSVX 40.56 GrowthDiscovery NO
Last Week
27.20 01-07 FSAGX 29.31 SGold NO
10.32 02-05 FBGRX 113.00 BlueChipGrowth NO
9.96 03-04 FSPTX 20.44 STechnology YES
9.81 04-02 FSCSX 20.85 SSoftware&ITServices YES
9.36 05-19 FTRNX 111.28 Trend NO
9.25 06-16 FOCPX 13.13 OTCPortfolio NO
8.83 07-04 FIFNX 12.33 Founders NO
8.60 08-05 FNCMX 114.76 NasdaqCompositeIndex NO
8.01 09-01 FBIOX 21.66 SBiotechnology NO
7.58 10-09 FSPHX 28.70 SHealthCare NO
7.17 11-10 FLGEX 21.80 LargeCapGrowthEnhancedIndex NO
6.99 12-10 FPHAX 23.04 SPharmaceuticals NO
6.73 13-05 FCNTX 13.79 Contrafund NO
6.62 14-11 FHKCX 39.24 ChinaRegion NO
6.33 15-11 FSEAX 45.34 EmergingAsia NO
6.24 16-04 FSMEX 59.49 SMedicalTechnologyandDevices NO
5.87 17-01 FSRPX 16.74 SRetailing YES
5.83 18-01 FDEQX 39.55 DisciplinedEquity YES
5.76 19-01 FTQGX 25.90 FocusedStock NO
5.73 20-01 FFIDX 50.52 Fidelity NO
IRA#1 is currently invested in:
100% – Cash(23Mar20) from STechnology(FSPTX)(18Feb20)
Mar20 1m-21% 3m-31% 6m-17% 12m-17% 24m-25%
Average annual return since 1/82 na%
IRA#2 is currently invested in:
20% – Cash(23Mar20) from SSemiconductors(FSELX)(18Feb20)
20% – Cash(03Feb20) from SHealthCareServices(09Dec19)
20% – Cash(03Feb20) from SComputers(16Dec19)
20% – Cash(02Mar20) from STechnology(21Jan20)
20% – Cash(02Mar20) from SWireless(21Oct19)
Mar20 1m-3% 3m-7% 6m-0% 12m+0% 24m-4%
Average annual return since 1/82 na%