A good week. The market is setting new highs after the big drop on 17 May. There were 66 new annual highs on the Nasdaq and 35 new lows on Friday. Not everything is going up but the ratio looks good.
Last week I indicated QQQ had been my best investment for the last 12 months. ETFSCREEN.COM provides performance statistics on almost all ETFs. As of today they report QQQ has been up 30% over the last 12 months. However if you had invested in QLD which leverages the QQQ to produce double the return of QQQ and QLD was up 65%. With even more risk, TQQQ – triple QQQ leveraged return – was up 107%. A new ETF UP has been approved by the SEC, but is being held up the those who offer the TQQQ who fear a loss of business, this UP ETF would be four times the leverage of the QQQ and along with it would ETF DOWN – leveraged four times QQQ short. Even now there is a short QQQ called PSQ – 1 year -25%, Short QLD called QID – 1 year -43% and short TQQQ called SQQQ down 58%. http://www.reuters.com/article/us-sec-etfs-idUSKBN17Z009
My S&P500 is in RSP (SPY EW) which has a price of 92.01, 50 day MA of 90.89, a 200 day MA of 86.87, and a 7% stop loss is 85.81. This is not an investment to buy and hold but then there are no investments to buy and hold. The general rule of thumb is: consider selling when an investment falls below its 50 week average and make sure you own nothing selling below both its 50 and 200 day moving average.
InestorsBusinessDaily TheBigPicture’s Market Pulse is “Confirmed Uptrend” – Time to invest. Except I am almost fully invested with little cash left to buy anything.
My current investments:
IRA#1 and IRA#2 – STechnology has a price of 164.06, a sell price 155.86, a rank of 01, and is a bold. ( ETF – CQQQ – current stoploss 43.11 )
IRA#2
SSemiconductors has a price of 106.00, a sell price 100.70, a rank of 03, and is a hold. ( ETF – SMH – current stoploss 79.50)
SComputers has a price of 87.87, a sell price 83.54, a rank of of 07, and is a hold (ETF – PSI – current stoploss 41.90)
SLeasure has a price of 159.95, a sell price 151.95, a rank of 04, and is a hold. (ETF – IBUY – stoploss not allowed)
OTCPortfolio has a price of 102.15, a sell price 97.04, a rank of 02, and is a hold. (ETF – MTUM – stoploss 82.37)
00% Cash in IRA#01 and IRA#2.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My 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).
This week:
17.64 01-18 FSPTX 164.06 STechnology
13.73 02-16 FOCPX 102.15 OTCPortfolio
13.69 03-04 FSELX 106.00 SSemiconductors Yes
13.52 04-09 FDLSX 159.95 SLeisure
12.85 05-05 FNORX 51.78 Nordic
12.75 06-06 FSCSX 151.71 SSoftware&ITServices
12.73 07-19 FDCPX 87.87 SComputers
12.68 08-03 FHKCX 29.59 ChinaReqion Yes
11.99 09-05 FIEUX 39.77 Europe Yes
11.96 10-09 FBGRX 81.03 BlueChipGrowth
11.90 11-05 FDSVX 30.68 Growth Discovery
11.86 12-11 FSEAX 38.02 EmergingAsia
11.64 13-05 FOSFX 47.06 Overseas Yes
11.59 14-08 FEMKX 27.43 EmergingMarkets
11.51 15-02 FSCOX 17.33 InternationalSmallCapOpportunities Yes
11.07 16-04 FIGFX 12.69 InternationalGrowth Yes
11.07 17-01 FCNTX 114.88 Contrafund
11.01 18-04 FWRLX 9.79 SWireless
10.82 19-04 FIGRX 43.02 InternationalDiscovery Yes
10.25 20-02 FIVFX 19.26 InternationalCapApp Yes
Last week:
16.13 01-17 FSPTX 160.45 STechnology
12.41 02-15 FOCPX 100.23 OTCPortfolio
12.09 03-08 FDLSX 156.81 SLeisure
12.00 04-18 FDCPX 86.72 SComputers
11.97 05-04 FIEUX 39.51 Europe
11.82 06-02 FHKCX 29.17 ChinaReqion Yes
11.70 07-10 FSEAX 37.73 EmergingAsia
11.67 08-04 FNORX 50.89 Nordic
11.53 09-03 FSELX 103.23 SSemiconductors Yes
11.42 10-04 FOSFX 46.68 Overseas
11.01 11-07 FEMKX 27.12 EmergingMarkets
10.83 12-01 FSCOX 17.12 InternationalSmallCapOpportunities
10.81 13-03 FIGRX 42.77 InternationalDiscovery
10.76 14-08 FBGRX 79.66 BlueChipGrowth
10.75 15-03 FIGFX 12.58 InternationalGrowth
10.35 16-05 FSCSX 147.49 SSoftware&ITServices
10.29 17-03 FWRLX 9.67 SWireless
10.15 18-04 FDSVX 30.01 Growth Discovery
9.77 19-01 FISMX 26.85 InternationalSmallCap
9.58 20-01 FIVFX 19.04 InternationalCapApp
IRA#1 is currently invested in:
100% – STechnology(FSPTX)(01May17) from CashReserves(FDRXX)
Mar17 1m-4% 3m-3% 6m-4% 12m+27% 24m-11% 36m+13% 60m+41% 120m+3%
Apr17 1m+0% 3m-3% 6m+4% 12m+3% 24m-10% 36m+13% 60m+51% 120m+4%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – OTCPortfolio(FOCPX)(15May17) from CashReserves(FDRXX)
20% – SLeasure(FDLSX)(08May17) from CashReserves(FDRXX)
20% – STechnology(FSPTX)(01May17) from CashReserves(FDRXX)
20% – SComputers(FDCPX)(13Feb17) from SNaturalGas(FSNGX)
20% – SSemiconductors(FSELX)(08Aug16) from CashReserves(FDRXX)
Mar17 1m-1% 3m+4% 6m+4% 12m+18% 24m+7% 36m+13% 60m+12% 120m+29%
Apr17 1m-1% 3m+3% 6m+9% 12m+13% 24m+7% 36m+13% 60m+15% 120m+20%
Average annual return since 1/82 11%