After the market closed Thursday Investors Business Daily changed their market outlook to market in correction. That says it is not a time to buy, it is just a time to sell anything if your gain looks like it may become a loss. About the only bright spot in my list of Fidelity funds is SGold fund. On my web site, in addition to the top 20 funds on a 39 week deviation from a smoothed moving average, the top 20 funds based on a 13 week moving average and a 78 week are also listed. SGold moved from the 120 rank fund – out of the 130 I follow – last week to the number 1 fund this week on the 13 week list. EmergingEMEA, GolbalCommodityStock, TotalEmergingMarkets, and SGold are the only 4 funds whose deviation have improved over 2 weeks. If you want to take a shot, this may be the time to look at SGold. If you are into ETFs, over the last week, USLV (triple long silver) is up 42%, NUGT (double long gold stocks) 37%, AGQ (triple long silver) 27%, DRV (triple short real estate) 22%, and GDXJ (triple long smaller silver stocks) 17%.
It was a bad week and all the funds I own went down. Only SBiotechnology fell enough to sell, having fallen more than 5% from a previous weekly close. I own SBiotechnology in my IRA#2 and in my 401k (which allows me to buy any fund Fidelity offers).
The sum of the deviations (1046,904,672) is not up for the last two weeks – not time to invest.
The DJ Wilshire 5000 index is above its 50 day moving average and the average is increasing – time to invest. Both trends are not up – not a time to buy.
My current investments:
SAirTransportation has a price of $49.34, a sell price of $49.17, a relative rank of 36, and is a hold until it falls more or I need to buy something else.
SAutomotive has a price of $52.16, a sell price $50.50, a relative rank of 01, and is a hold.
SBrokerage&InvestmentMgnt has a price of $63.28, a sell price $62.44, a relative rank of 16 and is a hold.
SBiotechnology has a price of $155.44, a sell price 160.31, a relative rank of 03 and is sell.
JapanSmallerCompanies has a price of 12.89, a sell price 12.75, a relative rank of 04 and hold.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – Sell SBiotechnology
My portfolio market exposure after this weekend’s changes
IRA #1 – 100% invested
IRA #2 – 80% invested