A good week, a buy week. The sum of all the deviations has been -581, -99, and now 125 – up 2 weeks in a row
The number of funds I rate as a buy over the last 3 weeks has been 02, 93, and now 94.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 2% above its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 2% above its 50 day moving average,
IWM (Russell 2000 ETF) is 1% above its 50 day moving average,
The sum of the deviations is positive.
Time to buy.
It looks like the Working Group on Financial Markets (WGFM) also known as the Plunge Protection Team (PPT) decided after the 12/24 market drop to go into action. The Secretary of the Treasury, chair of the PPT, got the group into action and also called all the big banks. The market has been up since then. On 04Jan even the chair of the Federal Reserve Board fell into line and decided there may not be more interest rate increases this year. The old market mantra is “Don’t fight the FED.”
On the this week’s MACRO Voices podcast the conclusion seems the be that the market peaks are past. The first down turn had finished. The rebound in now taking place – and it could last months – before it ends and the bigger drop starts. The MACRO Voices podcasts are very interesting and educational.
On something not related to the market, if you text Pepsi to 50563 and answer the questions, you may win two tickets to the Super Bowl in 2020 and some other stuff. You can enter daily with a text or a call to 800-537-7723.
IRA#1
LatinAmerica has a price of 24.14, a sell price TBD, a rank of 01, and is a buy. (ETF – EWZS, FBZ)
IRA#2
LatinAmerica has a price of 24.14, a sell price TBD, a rank of 01, and is a buy. (ETF – EWZS, FBZ)
My investment changes this weekend.
IRA #1 – 100% invested in LatinAmerica
IRA #2 – 20% invested in LatinAmerica
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – s0% 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).
13.07 01-15 FLATX 24.14 LatinAmerica Yes
4.63 02-02 FBSOX 59.23 SITServices Yes
4.52 03-02 FHKCX 31.37 ChinaReqion Yes
4.06 04-03 FSRPX 14.72 SRetailing Yes
3.98 05-02 FSSNX 18.96 SmallCapIndex Yes
3.90 06-02 FSVLX 14.77 SConsumerFinance Yes
3.60 07-09 FEMEX 9.31 EmergingEuropeMiddleEastAfrica(EMEA) Yes
3.55 08-02 FCPEX 11.70 SmallCapEnhancedIndex Yes
3.53 09-02 FBMPX 72.47 SCommunicationServices Yes
3.50 10-01 FSLBX 69.85 SBrokerageandInvestmentManagement Yes
3.50 11-02 FRESX 40.79 RealEstateInvestment Yes
3.43 12-02 FSCPX 42.95 SConsumerDiscretionary Yes
3.41 13-01 FDSSX 41.44 StockSelectorAllCap Yes
3.37 14-01 FIDSX 9.36 SFinancialServices Yes
3.31 15-01 FOCPX 10.76 OTCPortfolio Yes
3.30 16-04 FAMRX 17.83 Asset Manager 85% Yes
3.30 17-01 FSLCX 15.49 SmallCapStock Yes
3.27 18-02 FDSCX 21.73 StockSelectorSmallCap Yes
3.26 19-01 FTQGX 22.34 FocusedStock Yes
3.16 20-01 FDVLX 9.61 Value Yes
Last Week
10.55 01-14 FLATX 23.44 LatinAmerica Yes
4.64 02-06 FSAGX 18.06 SGold
3.13 03-08 FEMEX 9.25 EmergingEuropeMiddleEastAfrica(EMEA) Yes
2.37 04-02 FSRPX 14.45 SRetailing Yes
1.89 05-01 FHKCX 30.51 ChinaReqion Yes
1.81 06-14 FIUIX 25.46 TelecomandUtilities Yes
1.78 07-01 FSCPX 42.19 SConsumerDiscretionary Yes
1.73 08-01 FSSNX 18.51 SmallCapIndex Yes
1.62 09-01 FBSOX 57.39 SITServices Yes
1.54 10-14 FRIFX 11.49 RealEstateIncome Yes
1.51 11-01 FBMPX 70.92 SCommunicationServices Yes
1.44 12-01 FCPEX 11.44 SmallCapEnhancedIndex Yes
1.40 13-01 FRESX 39.89 RealEstateInvestment
1.22 14-03 FAMRX 17.44 Asset Manager 85% Yes
0.95 15-01 FSVLX 14.32 SConsumerFinance Yes
0.79 16-14 FSUTX 80.94 SUtilities
0.78 17-01 FDSCX 21.17 StockSelectorSmallCap Yes
0.70 18-06 FCONX 10.01 ConservativeIncomeBond
0.65 19-01 FSTCX 56.53 STelecommunications Yes
0.64 20-01 FSEAX 37.88 EmergingAsia Yes
IRA#1 is currently invested in:
100% – LatinAmerica(FLATX)(22Jan19) from Cash(17Dec18)
Nov18 1m+2% 3m-5% 6m-3% 12m-2% 24m+24% 36m+42% 60m+35% 120m+3%
Oct18 1m-8% 3m-1% 6m-3% 12m-3% 24m+23% 36m+35% 60m+36% 120m+2%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – LatinAmerica(FLATX)(22Jan19) from Cash(17Dec18)
20% – Cash(17Dec18) from SHealthCareServices(FSHCX)(12Nov18)
20% – Cash(29Oct18) from STransportation(FSRFX)(24Sep18)
20% – Cash(15Oct18) from SMedicalTechnologyandDevices(FSMEX)(04Sep18)
20% – Cash(15Oct18) from SSoftware&ITServices(FSCSX)(16Jul18)
Nov18 1m+1% 3m-7% 6m-4% 12m-5% 24m+10% 36m+10% 60m+16% 120m+33%
Oct18 1m-9% 3m-5% 6m-4% 12m-4% 24m+12% 36m+14% 60m+16% 120m+32%
Average annual return since 1/82 10%