Unlike last week, where none of the Fidelity funds I follow had an improving deviation over the last two weeks, there was ONE fund, SMultimedia, which had improving numbers. It is the 45th best fund on my list. One fund out of 113 is not an indication of a strong market.
The US hit the national debt limit this week. The treasury has under 200B available to spend and is spending about 98B a month. We will soon be in another raise the limit or “shutdown” the government political circus which always caused concern in the stock market. The last time the government “shutdown” it’s percentage of “shutdown” was smaller than the average number of children missing school in a day in the city of New York. Nevertheless the “shutdown” news can hurt the market.
“The DecisionPoint Report” from Stockcharts.com: (https://stockcharts.com/webinars/archives/)
On Friday, 03Mar, the short term outlook is neutral, intermediate term outlook is neutral to bullish, long term outlook bullish.
On Friday, 10Mar, the short term outlook is neutral to bearish, intermediate term outlook is neutral to bearish, long term outlook bullish.
On Friday, 17Mar, the short term outlook is neutral, intermediate term outlook is neutral to bearish, long term outlook bullish.
My S&P500 is in RSP (SPY EW) which has a price of 91.06, 50 day MA of 89.36, a 200 day MA of 84.40, and a 7% stop loss is 85.81. This is not an investment to buy and hold but then there are no investments to buy and hold.
IBD TBP’s Market Pulse is “Confirmed Uptrend” as of 08Dec. Time to invest. However the market still seems to be in a pause mode. Maybe a pause before a further move up, or maybe a top. I do not know, but would still not be buying anything this week.
My current investments:
IRA#1 and IRA#2
SBanking has a price of 33.36, a sell price 32.40, a rank of 05, and is a hold. (ETF – KRE- current stoploss 55.20)
IRA#2
SSemiconductors has a price of 103.81, a sell price 98.62, a rank of 04, and is a hold. ( ETF – SMH – current stoploss 73.48)
STransportation has a price of 90.55, a sell price 89.59, a rank of 98, and is a hold until I decide to buy something. (ETF – XTN – current stoploss 52.76)
SBiotechnology has a price of 204.79, a sell price 197.59, a rank of 01, and is a hold. (ETF – XBI – current stoploss 67.26)
SComputers has a price of 84.72, a sell price 80.48, a rank of of 02, and is a hold (ETF – PSI- current stoploss 38.47)
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
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:
17.40 01-12 FBIOX 204.79 SBiotechnology
13.87 02-09 FDCPX 84.72 SComputers
13.28 03-08 FSPTX 151.70 STechnology
13.26 04-37 FSELX 103.81 SSemiconductors
12.82 05-22 FSRBX 33.36 SBanking
12.27 06-09 FSCHX 164.86 SChemicals
11.05 07-04 FWRLX 9.40 SWireless
11.04 08-18 FSHCX 89.93 SHealthCareServices
10.39 09-01 FHKCX 27.42 ChinaReqion
10.33 10-05 FSDAX 139.13 SDefense&Aerospace
10.05 11-06 FSLEX 24.38 SEnvironmental&AltEnergy
9.97 12-19 FSLBX 71.48 SBrokerageandInvestmentManagement
9.87 13-19 FIDSX 102.88 SFinancialServices
9.79 14-06 FOCPX 93.20 OTCPortfolio
9.47 15-05 FNCMX 77.58 NasdaqCompositeIndex
9.41 16-01 FCPGX 22.44 SmallCapGrowth
9.36 17-02 FSCSX 143.74 SSoftware&ITServices
9.23 18-01 FSEAX 35.19 EmergingAsia
9.10 19-19 FARNX 13.67 EventDrivenOpportunities
9.02 20-01 FDSVX 28.51 Growth Discovery
Last week:
19.49 01-11 FBIOX 206.52 SBiotechnology
14.75 02-21 FSRBX 33.70 SBanking
12.98 03-36 FSELX 102.83 SSemiconductors
12.94 04-08 FDCPX 83.41 SComputers
11.50 05-17 FSHCX 89.78 SHealthCareServices
11.42 06-07 FSPTX 148.16 STechnology
11.19 07-18 FIDSX 103.57 SFinancialServices
11.16 08-08 FSCHX 162.18 SChemicals
10.65 09-18 FSLBX 71.54 SBrokerageandInvestmentManagement
9.58 10-04 FSDAX 137.43 SDefense&Aerospace
9.45 11-05 FOCPX 92.43 OTCPortfolio
9.07 12-18 FARNX 13.60 EventDrivenOpportunities
8.96 13-03 FWRLX 9.17 SWireless
8.83 14-04 FNCMX 76.74 NasdaqCompositeIndex
8.68 15-01 FSCSX 142.14 SSoftware&ITServices
8.37 16-03 FBCVX 18.45 BlueChipValue
8.32 17-05 FSLEX 23.87 SEnvironmental&AltEnergy
8.26 18-02 FSPCX 80.47 SInsurance
8.21 19-01 FSMEX 41.81 SMedicalEquipment&Systems
8.18 20-01 FSDCX 34.25 SCommunicationsEquipment
IRA#1 is currently invested in:
100% – SBanking(FSRBX)(21Nov16) from CashReserves(FDRXX)
Jan17 1m+1% 3m+8% 6m+1% 12m+32% 24m+2% 36m+14% 60m+56% 120m-7%
Dec16 1m+6% 3m-1% 6m+7% 12m+24% 24m+14% 36m+14% 60m+65% 120m-6%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – SComputers(FDCPX)(13Feb17) from SNaturalGas(FSNGX)
20% – SBiotechnology(FBIOX)(16Jan17) from SComputers(FDCPX)
20% – STransportation(FSRFX)(28Nov16) from CashReserves(FDRXX)
20% – SBanking(FSRBX)(21Nov16) from CashReserves(FDRXX)
20% – SSemiconductors(FSELX)(08Aug16) from CashReserves(FDRXX)
Jan17 1m+1% 3m+6% 6m+0% 12m16% 24m+10% 36m+12% 60m+17% 120m+20%
Dec16 1m+2% 3m-0% 6m+3% 12m+9% 24m+8% 36m+7% 60m+21% 120m+18%
Average annual return since 1/82 11%