Not a good week, not a buy week. The sum of all the deviations has been 306, 511, and now 478 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 15, 37, and now 30.
There is a show on TV network RT called the Keiser Report featuring Max Keiser. Mr. Keiser is very outspoken in his views, but he presented an analysis of the 2008/9 recession which was quite interesting. The recession was caused by the big banks leveraging themselves and creating junk securities called collateralized debt obligations. The victims of this recession were the millions who lost their jobs and their homes. So what did the government do – it spend billions savings the perpetrators of this crisis and ignoring the victims. Then with quantitative easing, continued to help the banks and hurt the savers. And what have the banks done since being saved – they have borrowed and releveraged themselves to an extent greater than before.
The rise in US interest rates is putting pressure on stock markets, especially those markets in emerging countries. The Argentina peso is down 17% over the last month and the Argentina stock market is down 12%. Obviously a recession is some countries is here and the higher the FED raises US interest rates the worse it will get. Not a good sign for the stock market.
IRA#1
SEnergy has a price of 49.98, a sell price 47.48, a rank of 01, and is a hold. (ETF – IEO, PXI)
IRA#2
SEnergy has a price of 49.98, a sell price 47.48, a rank of 01, and is a hold. (ETF – IEO, PXI)
SITServices has a price of 59.94, a sell price 57.34, a rank of 05, and is a hold. (ETF – XWEB, XITK)
My mutual fund portfolio 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 – 40% 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:
16.29 01-06 FSENX 49.98 SEnergy Yes
10.72 02-14 FCPGX 27.98 SmallCapGrowth Yes
10.59 03-07 FFGCX 14.15 GlobalCommodityStock Yes
10.04 04-27 FSRPX 14.52 SRetailing
9.95 05-18 FBSOX 59.94 SITServices
9.33 06-17 FSCSX 18.02 SSoftware&ITServices
8.60 07-16 FSPTX 178.73 STechnology
8.50 08-03 FSELX 11.36 SSemiconductors Yes
8.44 09-03 FOCPX 12.03 OTCPortfolio
8.38 10-06 FTQGX 24.89 FocusedStock
8.01 11-01 FSPHX 243.21 SHealthCare Yes
7.98 12-04 FDCAX 38.11 CapitalAppreciation
7.94 13-01 FSESX 50.20 SEnergyService Yes
7.91 14-06 FBGRX 95.31 BlueChipGrowth
7.69 15-01 FSSPX 21.60 SmallCapIndex – IC Yes
7.62 16-15 FSDCX 37.35 SCommunicationsEquipment
7.24 17-01 FCPEX 14.41 SmallCapEnhancedIndex Yes
7.23 18-05 FCNTX 130.50 Contrafund
6.87 19-02 FTRNX 104.75 Trend
6.87 20-01 FSDAX 174.84 SDefense&Aerospace Yes
last week:
13.66 01-05 FSENX 48.43 SEnergy Yes
11.30 02-17 FBSOX 60.36 SITServices Yes
11.13 03-16 FSCSX 18.23 SSoftware&ITServices Yes
10.86 04-26 FSRPX 14.55 SRetailing
10.31 05-15 FSPTX 180.72 STechnology Yes
10.00 06-13 FCPGX 27.64 SmallCapGrowth Yes
9.95 07-06 FFGCX 13.99 GlobalCommodityStock
9.85 08-14 FSDCX 37.97 SCommunicationsEquipment
9.67 09-02 FOCPX 12.11 OTCPortfolio Yes
9.51 10-05 FTQGX 25.04 FocusedStock Yes
9.06 11-05 FBGRX 95.93 BlueChipGrowth Yes
8.66 12-03 FDCAX 38.19 CapitalAppreciation Yes
8.41 13-04 FCNTX 131.44 Contrafund Yes
8.12 14-02 FSELX 11.27 SSemiconductors Yes
7.85 15-02 FDSVX 35.56 Growth Discovery Yes
7.65 16-01 FTRNX 105.13 Trend Yes
7.49 17-02 FDCPX 94.75 SComputers Yes
7.44 18-02 FNCMX 97.39 NasdaqCompositeIndex Yes
7.24 19-01 FSUIX 14.19 LargeCapGrowthIndex – Inv Yes
6.98 20-01 FWWFX 28.21 Worldwide Yes
IRA#1 is currently invested in:
100% – SEnergy(FSENX)(23Apr18) from CashReserves(FDRXX)(12Feb18)
Mar18 1m+0% 3m-1% 6m+6% 12m+21% 24m+53% 36m+7% 60m+64% 120m+11%
Feb18 1m-6% 3m-1% 6m+7% 12m+13% 24m+53% 36m+13% 60m+79% 120m+11%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – SITServices(FBSOX)(14May18) from CashReserves(FDRXX)(12Feb18)
20% – SEnergy(FSENX)(23Apr18) from CashReserves(FDRXX)(12Feb18)
20% – CashReserves(FDRXX)(02Apr18) from EmergingEuropeMiddleEastAfrica(FEMEX)(29Jan18)
20% – CashReserves(FDRXX)(26Mar18) from SRetailing(FSRPX)(16Jan18)
20% – CashReserves(FDRXX)(05Mar18) from SBrokerageandInvestmentManagement(FSLBX)(22Jan18)
Mar18 1m-1% 3m-1% 6m+2% 12m+7% 24m+26% 36m+14% 60m+23% 120m+38%
Feb18 1m-4% 3m-1% 6m+3% 12m+6% 24m+28% 36m+17% 60m+29% 120m+39%
Average annual return since 1/82 11%