Not a good week, not a buy week. The sum of all the deviations has been 476, 543, and now 497 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 95, 65, and now 07.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 1% above its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 1% above its 50 day moving average,
IWM (Russell 2000 ETF) is 2% above its 50 day moving average,
SPY and QQQ 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.
On 12Sep Clark Howard, clark.com, had a podcast on how really bad annuities are. Banks and insurances companies had the new rules on sales regulations put aside. The new annuities allow the companies to change the rules of the contract at any time. If you have an annuity or are considering one, you need to listen to the podcast. Annuity on the Clark Howard show is a 4 letter word. He does not mention it, but on another show it was pointed out that banks and insurance companies killed the stretch IRA – it was competition.
IRA#1
SSemiconductors has a price of 10.80, a sell price 10.55, a rank of 02 and is a hold. (ETF – XSD, SMH)
IRA#2
SDefense&Aerospace has a price of 18.70 a sell price 17.78, a rank of 06, and is a hold. (ETF – ITA, XAR)
SSemiconductors has a price of 10.80, a sell price 10.55, a rank of 02 and is a hold. (ETF – XSD, SMH)
SConstructionandHousing has a price of 62.31, a sell price 59.19, a rank of 03, and is a hold. (ETF – ITB, PKB)
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 – 60% 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?
01-17 15.46 FSAGX 23.53 SGold NO
02-14 12.77 FSELX 10.80 SSemiconductors NO
03-24 11.19 FSHOX 62.31 SConstructionandHousing NO
04-06 9.77 FSUTX 96.74 SUtilities YES
05-06 9.40 FIUIX 29.26 Telecom&Utilities YES
06-07 8.92 FSDAX 18.70 SDefense&Aerospace NO
07-01 8.56 FNBGX 14.75 Long-TermTreasuryBondIndex NO
08-04 7.92 FHKCX 35.61 ChinaRegion NO
09-03 7.88 FDCPX 75.94 SComputers NO
10-02 7.83 FRESX 46.20 RealEstateInvestment NO
11-06 7.77 FWRLX 10.28 SWireless NO
12-02 7.51 FSPCX 64.74 SInsurance NO
13-03 7.29 FSAVX 34.41 SAutomotive NO
14-02 7.25 FCPGX 25.72 SmallCapGrowth NO
15-31 6.96 FSPTX 17.61 STechnology NO
16-01 6.95 FSRNX 17.20 RealEstateIndex NO
17-02 6.81 FGRIX 38.97 Growth&Income NO
18-02 6.39 FIDSX 10.54 SFinancialServices NO
19-01 6.16 FCBFX 12.10 CorporateBond YES
20-01 5.98 FPHAX 21.53 SPharmaceuticals NO
Last Week
16.69 01-13 FSELX 11.10 SSemiconductors YES
12.83 02-23 FSHOX 62.86 SConstructionandHousing YES
10.20 03-03 FHKCX 36.21 ChinaRegion YES
9.90 04-02 FDCPX 77.04 SComputers YES
9.83 05-16 FSAGX 22.20 SGold NO
9.80 06-02 FSAVX 35.08 SAutomotive YES
9.55 07-06 FSDAX 18.72 SDefense&Aerospace NO
8.70 08-05 FIUIX 28.93 Telecom&Utilities YES
8.43 09-05 FWRLX 10.30 SWireless YES
8.43 10-02 FSRPX 16.72 SRetailing YES
8.35 11-05 FSUTX 94.99 SUtilities YES
8.20 12-01 FSAIX 79.18 SAirTransportation YES
7.84 13-01 FSPCX 64.68 SInsurance YES
7.84 14-30 FSPTX 17.69 STechnology NO
7.75 15-01 FCPGX 25.74 SmallCapGrowth NO
7.66 16-01 FGRIX 39.14 Growth&Income YES
7.35 17-01 FIDSX 10.60 SFinancialServices YES
7.35 18-01 FSRBX 26.70 SBanking YES
6.70 19-01 FSVLX 17.34 SConsumerFinance YES
6.63 20-01 FRESX 45.50 RealEstateInvestment NO
It will be some time before I get all of the % returns correct.
IRA#1 is currently invested in:
100% – SSemiconductors(16Sep19) from SGold(FSAGX)(17Jun19))
Jul19 1m+2 3m+0% 6m+2% 12m-3% 24m+na% 36m+na% 60m+na% 120m+na%
Average annual return since 1/82 na%
IRA#2 is currently invested in:
20% – SConstructionandHousing(FSHOX)(16Sep19) from Cash(26Aug19)
20% – Cash(16Sep19) from SGold(FSAGX)(17Jun19))
20% – SSemiconductors(09Sep19) from Cash(19Aug19)
20% – Cash(26Aug10) from SITServices(FBSOX)(28Jan19)
20% – SDefense&Aerospace(FSDAX)(25Feb19) from Cash(24Sep18)
Jul19 1m+3% 3m+3% 6m-3% 12m-6% 24m+na% 36m+na% 60m+na% 120m+na%
Average annual return since 1/82 na%