A good week, time to buy. The sum of all the deviations has been 1047, 1069, and now 1195.
The number of funds I rate as a buy over the last 3 weeks has been 30, 92, and now 63.
The uptrend continues but at a slower pace.
On Wall Street Week, Glen Hutchins, co-founder of North Island – an investment research firm, feels the tax reform bill just passed will produce a sugar high in the market which will pass soon and due to the increase in the national debt, the market growth may not continue. He indicates major investors plan to stay invested until they see the crash coming and then get out. He feels there are opportunities in financial services and technology. One of the companies he is working with is Virtu Financial – a high-frequency trading and market making firm.
Wall Street Week is not the same without Louis Rukeyser and the new show format is much worse than the old format.
On the Nightly Business Report tonight, they indicated that the governemnt shutdown has little effect and in the past, 2 weeks after the shutdown ends, the DJIA and S&P are up 3%. They also discussed that after the tax rates were cut in 86 the market fell 23% in one day in 87. The market monitor Friday indicated he liked Tesla (TSLA), Control4 (CTRL), and MGM Resorts (MGM).
IRA#1 and IRS#2
SSemiconductors has a price of 117.88, a sell price 111.99, and a rank of 12, and is a hold. (ETF – ARKW)
IRA#2
EmergingMarketsIndex – InvC has a price of 12.15, a sell price 11.54, and a rank of 10, and is a hold. (ETF – EEMO)
SRetailing has a price of 142.93, a sell price 135.78, a rank of 01, and is a hold. (ETF – RTH)
SBrokerageandInvestmentManagement has a price of 87.69, a sell price TBD, a rank of 02, and is a BUY. (ETF – CHIX)
My mutual fund portfolio changes this weekend:
IRA #1 – None
IRA #2 – Invest 20% in SBrokerageandInvestmentManagement
My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 80% 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:
18.75 01-10 FSRPX 142.93 SRetailing
16.70 02-08 FSLBX 87.69 SBrokerageandInvestmentManagement Yes
16.39 03-06 FHKCX 38.33 ChinaReqion
16.34 04-05 FEMEX 10.96 EmergingEuropeMiddleEastAfrica Yes
15.51 05-02 FSDAX 177.56 SDefense&Aerospace
15.38 06-15 FFGCX 13.92 GlobalCommodityStock
15.37 07-05 FSENX 46.85 SEnergy
15.19 08-03 FBSOX 58.54 SITServices Yes
15.07 09-08 FSRFX 110.01 STransportation
14.96 10-04 FPEMX 12.15 EmergingMarketsIndex – InvC Yes
14.79 11-03 FTQGX 24.56 FocusedStock Yes
14.64 12-17 FSELX 117.88 SSemiconductors
14.50 13-02 FSCPX 44.42 SConsumerDiscretionary Yes
14.43 14-03 FSPTX 192.36 STechnology Yes
14.38 15-02 FSAIX 88.85 SAirTransportation
14.23 16-01 FEMKX 34.54 EmergingMarkets
14.01 17-05 FSEAX 47.18 EmergingAsia
14.00 18-02 FSVLX 16.93 SConsumerFinance
13.97 19-01 FLGEX 20.08 LargeCapGrowthEnhancedIndex Yes
13.92 20-01 FIDSX 120.79 SFinancialServices Yes
Last week
18.87 01-09 FSRPX 141.66 SRetailing Yes
18.12 02-04 FSENX 47.58 SEnergy Yes
17.15 03-14 FFGCX 14.02 GlobalCommodityStock Yes
17.00 04-05 FHKCX 38.20 ChinaReqion Yes
16.77 05-07 FSRFX 110.75 STransportation Yes
16.59 06-01 FSESX 51.42 SEnergyService Yes
16.41 07-07 FSLBX 86.70 SBrokerageandInvestmentManagement Yes
16.18 08-01 FSDAX 177.13 SDefense&Aerospace Yes
15.49 09-01 FSAIX 89.03 SAirTransportation Yes
14.99 10-01 FSVLX 16.95 SConsumerFinance Yes
14.56 11-04 FEMEX 10.70 EmergingEuropeMiddleEastAfrica Yes
14.20 12-04 FSEAX 46.91 EmergingAsia Yes
14.10 13-02 FBSOX 57.52 SITServices Yes
14.09 14-02 FTQGX 24.22 FocusedStock Yes
13.90 15-01 FSCPX 43.85 SConsumerDiscretionary Yes
13.89 16-16 FSELX 116.21 SSemiconductors
13.87 17-03 FPEMX 11.94 EmergingMarketsIndex – InvC Yes
13.85 18-02 FSPTX 189.93 STechnology Yes
13.83 19-02 FSCHX 188.11 SChemicals Yes
13.78 20-01 FCYIX 38.60 SIndustrials Yes
IRA#1 is currently invested in:
100% – SSemiconductors(FSELX)(26Dec17) from CashReserves(FDRXX)
Nov17 1m+0% 3m+9% 6m+16% 12m+26% 24m+45% 36m+32% 60m+97% 120m-8%
Oct17 1m+7% 3m+12% 6m+22% 12m27% 24m+39% 36m+34% 60m+102% 120m-21%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – SBrokerageandInvestmentManagement(FSLBX)(22Jan18) from CashReserves(FDRXX)
20% – SRetailing(FSRPX)(16Jan18) from CashReserves(FDRXX)
20% – SSemiconductors(FSELX)(26Dec17) from CashReserves(FDRXX)
20% – CashReserves(FDRXX)(11Dec17) ChinaRegion(FHKCX)(16Oct17)
20% – EmergingMarketsIndex – IC(FPEMX)(24Jul17) from CashResrves(FDRXX)
Nov17 1m+1% 3m+4% 6m+5% 12m+16% 24m+21% 36m+23% 60m+35% 120m+33%
Oct17 1m+3% 3m+5% 6m+8% 12m17% 24m+19% 36m+26% 6