A down week, not a buy week. The sum of all the deviations has been 733, 734, and now 620 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 32, 46, and now 02.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 3% above its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 3% above its 50 day moving average,
IWM (Russell 2000 ETF) is 1% above its 50 day moving average,
SPY, QQQ and IWM are above their 200 day moving average.
The sum of the deviations is positive.
Not a time to buy – Sum of all deviations is not up 2 weeks in a row.
Jessie Felder produces a free weekly email on the latest ideas he likes on investing. thefelderrreport.com. One of the comments this week is on the intelligence of government regulators. An European regulator demanded that the manager of a pension fund get rid of some cash and buy bonds – because the rules stated that. So the manager had to buy bonds in Europe and with the negative interest rates they have has now guaranteed a loss on the bonds.
IRA#1
SGold has a price of 23.42, a sell price 22.25, a rank of 01, and is a hold. (ETF – GDX, GLD)
IRA#2
SITServices has a price of 74.10, a sell price 70.87, a rank of 03, and is a hold. (ETF – PSJ, FTXL)
SDefense&Aerospace has a price of 18.03 a sell price 17.26, a rank of 11, and is a hold. (ETF – ITA, XAR)
SGold has a price of 23.42, a sell price 22.25, a rank of 01, and is a hold. (ETF – GDX, GLD)
LatinAmerica has a price of 27.26, a sell price 26.15, a rank of 04, and is a hold. (ETF – EWZS, AGT)
STechnology has a price of 17.62, a sell price 16.74, a rank of 05, and is a buy. (ETF – PTF, IPAY)
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 – 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).
%Dev Rnk SYMB Price Fund Name 2wk UP?
24.60 01-08 FSAGX 23.42 SGold YES
14.79 02-05 FSELX 10.43 SSemiconductors YES
12.51 03-28 FBSOX 74.10 SITServices NO
11.36 04-05 FLATX 27.26 LatinAmerica NO
10.68 05-22 FSPTX 17.62 STechnology NO
9.58 06-05 FHKCX 35.20 ChinaRegion NO
9.27 07-21 FSCSX 18.93 SSoftware&ITServices NO
9.14 08-10 FSPCX 63.77 SInsurance NO
8.87 09-04 FSVLX 17.28 SConsumerFinance NO
8.83 10-11 FTRNX 108.49 Trend NO
8.72 11-05 FSDAX 18.03 SDefense&Aerospace NO
8.67 12-02 FSAVX 33.99 SAutomotive NO
8.65 13-03 FTQGX 25.97 FocusedStock NO
8.64 14-15 FSHOX 58.48 SConstructionandHousing NO
8.52 15-03 FDEGX 48.75 Growth Strategies NO
8.20 16-01 FEMEX 10.26 EmergingEMEA NO
8.11 17-01 FSMEX 56.74 SMedicalEquipment&Systems NO
7.98 18-03 FDLSX 16.33 SLeisure NO
7.89 19-02 FSHCX 92.10 SHealthCareServices NO
7.88 20-03 FDFFX 38.08 Independence NO
Last Week
18.74 01-07 FSAGX 22.03 SGold NO
14.69 02-04 FSELX 10.34 SSemiconductors NO
13.84 03-27 FBSOX 74.48 SITServices YES
13.14 04-04 FLATX 27.53 LatinAmerica YES
12.32 05-21 FSPTX 17.78 STechnology YES
11.62 06-14 FSHOX 59.81 SConstructionandHousing YES
11.37 07-01 FSHCX 94.68 SHealthCareServices YES
11.37 08-20 FSCSX 19.20 SSoftware&ITServices YES
11.30 09-09 FSPCX 64.72 SInsurance NO
10.70 10-10 FTRNX 109.84 Trend YES
10.28 11-02 FTQGX 26.24 FocusedStock YES
10.26 12-03 FSVLX 17.42 SConsumerFinance YES
10.07 13-04 FSDAX 18.17 SDefense&Aerospace YES
9.86 14-02 FDFFX 38.62 Independence YES
9.67 15-01 FSRPX 16.56 SRetailing YES
9.62 16-01 FSAVX 34.13 SAutomotive YES
9.59 17-02 FDEGX 49.01 Growth Strategies YES
8.88 18-04 FHKCX 34.80 ChinaRegion NO
8.83 19-02 FDLSX 16.39 SLeisure NO
8.71 20-01 FSAIX 77.55 SAirTransportation YES
It will be some time before I get all of the % returns correct.
IRA#1 is currently invested in:
100% – SGold(FSAGX)(17Jun19) from Cash(13May19)
May19 1m-7% 3m-9% 6m-16% 12m-19% 24m+na% 36m+na% 60m+na% 120m+na%
Average annual return since 1/82 na%
IRA#2 is currently invested in:
20% – STechnology(FSPTX_(14Jul19) from Cash(20May19)
20% – LatinAmerica(FLATX(24Jun19) from Cash(13May19)
20% – SGold(FSAGX)(17Jun19) from Cash(13May19)
20% – SDefense&Aerospace(FSDAX)(25Feb19) from Cash(24Sep18)
20% – SITServices(FBSOX)(28Jan19) from Cash(15Oct18)
May19 1m-6% 3m-4% 6m-4% 12m-8% 24m+na% 36m+na% 60m+na% 120m+na%
Average annual return since 1/82 na%
ETFs
PTNQ May19 1m-8% 3m+1% 6m+1% 12m+1%
QQQ May19 1m-8% 3m-0% 6m+3% 12m+3%
TQQQ May19 1m-24% 3m-2% 6m-1% 12m-10%