Month: March 2018

A good week, not a buy week yet. The sum of all the deviations has been 654, 140, and now 284 – definitely not up two weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 01, 00, and now 00.
It sure would be nice it the market went up more than one week in a row.
We are soon to enter the seasonally weak part of the market year, know as “sell in May and go away.”

This last week was a window dressing week. If you are a fund manager with 10M in cash and 1M of xyz stock, you can take that 10M and buy more xyz (even if you do not like it) and push the price up on every share you own. Thus you look like a better fund manager.

In a recent WealthTrack podcast Consula Mack’s guest pointed out that 2017 was the only year in history in which the market is up every month and suggested you buy a treasury strip – a zero coupon bond type investment. Two of the ETFs which invest this way are EDV, and ZROZ. They have not had a good history but are looking good over the last month.

February returns for IRA#1 -6%, IRA#2 -4%, QQQ -6%, SPY/RSP -7%
For the last 3 months, IRA#1 -1%, IRA#2 -1%, QQQ 3%, SPY/RSP -2%
For the last 6 months, IRA#1 7%, IRA#2 3%, QQQ 9%, SPY/RSP 5%
For the last 12 months, IRA#1 13%, IRA#2 6%, QQQ 23%, SPY/RSP 8%
portfolio changes:
IRA#1 – Sold FSLEX(Feb13) – Invested 100% in cash
IRA#2 – Sold FSLEX(Feb12), FPEMX(Feb13)  – Invested in FSRPX, FSLBX, FEMEX, & 40% in cash
QQQ –  Sold QQQ(Feb07) – Invested 100% in cash
SPY/RSP – Sold RSP(Feb07) – Invested 100% in cash.
It is a little late to be looking at the bad February, but in review, February just basically wiped out the Dec, and Jan gains. The funds were sold based on the standard 5% weekly loss numbers and the ETFs on a 7% stop loss.

IRA#1
Cash
IRA#2
EmergingEuropeMiddleEastAfrica has a price of 10.69, a sell price 10.74, a rank of 08, and is a sell. (ETF – EMQQ – stopped out)
If it had not been for Fidelity’s stupid rules I’d of sold a couple of weeks ago.

My mutual fund portfolio changes this weekend:
IRA #1 – None
IRA #2 – Selling EmergingEuropeMiddleEastAfrica

My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 –  00% invested
IRA #2 –  00% 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:
8.79 01-10 FSDAX 179.06 SDefense&Aerospace
8.42 02-20 FSRPX 140.28 SRetailing
7.46 03-12 FBSOX 57.95 SITServices
7.37 04-06 FSELX 116.67 SSemiconductors
7.17 05-07 FCPGX 26.41 SmallCapGrowth
6.98 06-02 FSCOX 20.09 InternationalSmallCapOpportunities
6.65 07-08 FSDCX 38.43 SCommunicationsEquipment
6.65 08-15 FEMEX 10.69 EmergingEuropeMiddleEastAfrica
6.49 09-01 FJSCX 19.34 JapanSmallerCompanies
6.41 10-16 FHKCX 37.05 ChinaReqion
6.37 11-02 FEDDX 15.99 EmergingMarketsDiscovery
6.08 12-09 FSPTX 188.71 STechnology
5.96 13-02 FCONX 10.01 ConservativeIncomeBond
5.49 14-01 FSLBX 83.25 SBrokerageandInvestmentManagement
5.41 15-02 FPEMX 11.68 EmergingMarketsIndex – InvC
5.28 16-02 FLATX 27.05 LatinAmerica
5.26 17-01 FJPNX 15.87 Japan
5.22 18-10 FSCSX 172.62 SSoftware&ITServices
5.14 19-12 FTQGX 23.66 FocusedStock
4.55 20-01 FSEAX 45.10 EmergingAsia
Last week:
7.89 01-19 FSRPX 138.98 SRetailing
7.84 02-10 FSDAX 176.69 SDefense&Aerospace
7.82 03-14 FEMEX 10.77 EmergingEuropeMiddleEastAfrica
7.12 04-05 FSELX 115.95 SSemiconductors
6.84 05-06 FCPGX 26.23 SmallCapGrowth
6.56 06-07 FSDCX 38.26 SCommunicationsEquipment
6.51 07-01 FCONX 10.03 ConservativeIncomeBond
6.32 08-11 FBSOX 57.11 SITServices
5.91 09-08 FSPTX 187.81 STechnology
5.45 10-01 FSCOX 19.73 InternationalSmallCapOpportunities
5.10 11-15 FHKCX 36.47 ChinaReqion
4.66 12-01 FEDDX 15.68 EmergingMarketsDiscovery
4.58 13-11 FTQGX 23.47 FocusedStock
4.56 14-01 FLATX 26.79 LatinAmerica
4.17 15-06 FOCPX 113.08 OTCPortfolio
4.06 16-09 FSCSX 170.25 SSoftware&ITServices
3.91 17-09 FBGRX 89.83 BlueChipGrowth
3.83 18-01 FSCPX 42.23 SConsumerDiscretionary
3.63 19-01 FPEMX 11.45 EmergingMarketsIndex – InvC
3.16 20-01 FEMKX 32.49 EmergingMarkets
             
IRA#1 is currently invested in:
100% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
Feb18 1m-6% 3m-1% 6m+7% 12m+13% 24m+53% 36m+13% 60m+79% 120m+11%
Jan18 1m+6% 3m+5% 6m+18% 12m+24% 24m+63% 36m+27% 60m+89% 120m+18%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – CashReserves(FDRXX)(02Apr18) from EmergingEuropeMiddleEastAfrica(FEMEX)(29Jan18)
20% – CashReserves(FDRXX)(26Mar18) from SRetailing(FSRPX)(16Jan18)
20% – CashReserves(FDRXX)(05Mar18) from SBrokerageandInvestmentManagement(FSLBX)(22Jan18)
20% – CashReserves(FDRXX)(12Feb18) from EmergingMarketsIndex – InvC(FPEMX)(24Jul17)
20% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
20% – EmergingEuropeMiddleEastAfrica(FEMEX)(29Jan18) from CashReserves(FDRXX)
Feb18 1m-4% 3m-1% 6m+3% 12m+6% 24m+28% 36m+17% 60m+29% 120m+39%
Jan18 1m+3% 3m+4% 6m+9% 12m+15% 24m+33% 36m+26% 60m+36% 120m+44%
Average annual return since 1/82 11%

Not a good week, a sell week. The sum of all the deviations has been 799, 654, and now 140 – definitely not up two weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 02, 01, and now 00.

MacroVoices featured Jeffery Snider on Thursday’s podcast. He feels this is the most challenging market since the 1930s. After the interview, the sponsors, Erik Townsend and Patrick Ceresna, discussed a few possible scenarios. They suggested that after the equity market rebounds from a test of the Feb low, a short squeeze in the bond market will send interest rates down, causing new all time highs in the equity market. Then the bond short squeeze ends, interest rates will rebound, scaring equities, and the equity bear market will begin long about September. Just one view. But many feel we are just in a long rounding market top.
I am currently 3.44% invested and the rest in cash. I do not know the market direction, but it does not look like up to me.

IRA#1
Cash
IRA#2
SRetailing has a price of 138.98, a sell price 141.45, a rank of 01, and is a sell. (ETF – RTH – stopped out)
EmergingEuropeMiddleEastAfrica has a price of 10.77, a sell price 10.74, a rank of 03, and is a hold. (ETF – EMQQ – stopped out)
As the market declined, SRetailing dropped to way below its sell price and I am selling.
EmergingEuropeMiddleEastAfrica is only $0.03 above its sell like. It is not a quite a sell yet.
If it hadn’t been for Fidelity’s stupid sell rules, I would have sold both last month.

My mutual fund portfolio changes this weekend:
IRA #1 – None
IRA #2 – Sell SReailing

My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 20% 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:
7.89 01-19 FSRPX 138.98 SRetailing
7.84 02-10 FSDAX 176.69 SDefense&Aerospace
7.82 03-14 FEMEX 10.77 EmergingEuropeMiddleEastAfrica
7.12 04-05 FSELX 115.95 SSemiconductors
6.84 05-06 FCPGX 26.23 SmallCapGrowth
6.56 06-07 FSDCX 38.26 SCommunicationsEquipment
6.51 07-01 FCONX 10.03 ConservativeIncomeBond
6.32 08-11 FBSOX 57.11 SITServices
5.91 09-08 FSPTX 187.81 STechnology
5.45 10-01 FSCOX 19.73 InternationalSmallCapOpportunities
5.10 11-15 FHKCX 36.47 ChinaReqion
4.66 12-01 FEDDX 15.68 EmergingMarketsDiscovery
4.58 13-11 FTQGX 23.47 FocusedStock
4.56 14-01 FLATX 26.79 LatinAmerica
4.17 15-06 FOCPX 113.08 OTCPortfolio
4.06 16-09 FSCSX 170.25 SSoftware&ITServices
3.91 17-09 FBGRX 89.83 BlueChipGrowth
3.83 18-01 FSCPX 42.23 SConsumerDiscretionary
3.63 19-01 FPEMX 11.45 EmergingMarketsIndex – InvC
3.16 20-01 FEMKX 32.49 EmergingMarkets
Last week:
14.99 01-08 FSCSX 187.73 SSoftware&ITServices
14.86 02-04 FSELX 123.86 SSemiconductors
13.27 03-07 FSPTX 200.23 STechnology
12.93 04-06 FSDCX 40.41 SCommunicationsEquipment
12.92 05-18 FSRPX 144.86 SRetailing
12.91 06-10 FBSOX 60.45 SITServices
11.86 07-14 FHKCX 38.71 ChinaReqion
11.40 08-10 FTQGX 24.94 FocusedStock
11.39 09-05 FCPGX 27.25 SmallCapGrowth
11.28 10-05 FOCPX 120.53 OTCPortfolio
10.78 11-03 FSLBX 87.05 SBrokerageandInvestmentManagement
10.72 12-02 FDCPX 96.26 SComputers
10.62 13-08 FBGRX 95.43 BlueChipGrowth
10.35 14-08 FCNTX 131.47 Contrafund
10.26 15-09 FSDAX 179.90 SDefense&Aerospace
10.06 16-03 FNCMX 98.29 NasdaqCompositeIndex
9.59 17-02 FTRNX 105.35 Trend
9.23 18-02 FSUIX 14.24 LargeCapGrowthIndex – IC
9.18 19-01 FDCAX 37.71 CapitalAppreciation
9.17 20-13 FEMEX 10.86 EmergingEuropeMiddleEastAfrica

IRA#1 is currently invested in:
100% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
Jan17 1m+6% 3m+5% 6m+18% 12m+24% 24m+63% 36m+27% 60m+89% 120m+18%
Dec17 1m-1% 3m+7% 6m+18% 12m+18% 24m+46% 36m+28% 60m+92% 120m-5%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – CashReserves(FDRXX)(26Mar18) from SRetailing(FSRPX)(16Jan18)
20% – CashReserves(FDRXX)(05Mar18) from SBrokerageandInvestmentManagement(FSLBX)(22Jan18)
20% – CashReserves(FDRXX)(12Feb18) from EmergingMarketsIndex – InvC(FPEMX)(24Jul17)
20% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
20% – EmergingEuropeMiddleEastAfrica(FEMEX)(29Jan18) from CashReserves(FDRXX)
Jan17 1m+3% 3m+4% 6m+9% 12m+15% 24m+33% 36m+26% 60m+36% 120m+44%
Dec17 1m-0% 3m+4% 6m+7% 12m+13% 24m+23% 36m+22% 60m+35% 120m+41%
Average annual return since 1/82 11%

Not a good week, almost a sell week. The sum of all the deviations has been 499, 799, and now 654 – still not up two weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 01, 02, and now 01.

Currently 56% of the Nasdaq stocks are above their 50 day moving average. Not a bad number but not a great number. I’m just going to wait until it looks like a trend has started.

IRA#1
Cash
IRA#2
SRetailing has a price of 144.86, a sell price 141.45, a rank of 05, and is a hold. (ETF – RTH – stopped out)
EmergingEuropeMiddleEastAfrica has a price of 10.86, a sell price 10.74, a rank of 20, and is a hold. (ETF – EMQQ – stopped out)

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 – 00% 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:
14.99 01-08 FSCSX 187.73 SSoftware&ITServices
14.86 02-04 FSELX 123.86 SSemiconductors
13.27 03-07 FSPTX 200.23 STechnology
12.93 04-06 FSDCX 40.41 SCommunicationsEquipment
12.92 05-18 FSRPX 144.86 SRetailing
12.91 06-10 FBSOX 60.45 SITServices
11.86 07-14 FHKCX 38.71 ChinaReqion
11.40 08-10 FTQGX 24.94 FocusedStock
11.39 09-05 FCPGX 27.25 SmallCapGrowth
11.28 10-05 FOCPX 120.53 OTCPortfolio
10.78 11-03 FSLBX 87.05 SBrokerageandInvestmentManagement
10.72 12-02 FDCPX 96.26 SComputers
10.62 13-08 FBGRX 95.43 BlueChipGrowth
10.35 14-08 FCNTX 131.47 Contrafund
10.26 15-09 FSDAX 179.90 SDefense&Aerospace
10.06 16-03 FNCMX 98.29 NasdaqCompositeIndex
9.59 17-02 FTRNX 105.35 Trend
9.23 18-02 FSUIX 14.24 LargeCapGrowthIndex – IC
9.18 19-01 FDCAX 37.71 CapitalAppreciation
9.17 20-13 FEMEX 10.86 EmergingEuropeMiddleEastAfrica
Last week
15.79 01-03 FSELX 123.88 SSemiconductors Yes
15.27 02-07 FSCSX 186.69 SSoftware&ITServices
14.98 03-06 FSPTX 201.84 STechnology
14.61 04-05 FSDCX 40.73 SCommunicationsEquipment
14.60 05-08 FSDAX 185.97 SDefense&Aerospace
14.56 06-17 FSRPX 145.96 SRetailing
13.93 07-09 FBSOX 60.58 SITServices
13.55 08-02 FSLBX 88.72 SBrokerageandInvestmentManagement
13.26 09-04 FCPGX 27.54 SmallCapGrowth
13.25 10-04 FOCPX 121.94 OTCPortfolio
12.61 11-09 FTQGX 25.06 FocusedStock
12.38 12-07 FCNTX 133.15 Contrafund
12.13 13-12 FEMEX 11.10 EmergingEuropeMiddleEastAfrica
12.04 14-13 FHKCX 38.53 ChinaReqion
12.00 15-07 FBGRX 96.08 BlueChipGrowth
11.88 16-01 FDCPX 96.72 SComputers
11.80 17-02 FNCMX 99.31 NasdaqCompositeIndex
11.36 18-01 FTRNX 106.51 Trend
11.36 19-01 FIVLX 9.90 InternationalValue
10.92 20-01 FSUIX 14.39 LargeCapGrowthIndex – Inv

IRA#1 is currently invested in:
100% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
Jan17 1m+6% 3m+5% 6m+18% 12m+24% 24m+63% 36m+27% 60m+89% 120m+18%
Dec17 1m-1% 3m+7% 6m+18% 12m+18% 24m+46% 36m+28% 60m+92% 120m-5%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – CashReserves(FDRXX)(05Mar18) from SBrokerageandInvestmentManagement(FSLBX)(22Jan18)
20% – CashReserves(FDRXX)(12Feb18) from EmergingMarketsIndex – InvC(FPEMX)(24Jul17)
20% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
20% – EmergingEuropeMiddleEastAfrica(FEMEX)(29Jan18) from CashReserves(FDRXX)
20% – SRetailing(FSRPX)(16Jan18) from CashReserves(FDRXX)
Jan17 1m+3% 3m+4% 6m+9% 12m+15% 24m+33% 36m+26% 60m+36% 120m+44%
Dec17 1m-0% 3m+4% 6m+7% 12m+13% 24m+23% 36m+22% 60m+35% 120m+41%
Average annual return since 1/82 11%

A good week, almost a buy week. The sum of all the deviations has been 728, 499, and now 799 – still not up two weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 61, 01, and now 02.
I continue to be invested in only 2 Fidelity funds waiting for what seems to be the end of this downturn. I am not ready to invest yet – maybe next week end.

With a US budget deficit of 3b per day, we are now accumulating 1T per year in additional debt. The head of the fed says he is not worried about the budget deficit or the national debt. Remember excessive debt cause the 08/09 market crash.
Jim Grant, editor of Grant’s Interest Rate Observer, was on MacroVoices 08Mar18. He points out that in the 5000 year history of the world, there have never been negative interest rates like the world had in 2016. Bonds are destined to move lower as interest rates move up. His favorite investment is gold and gold stocks.
Bill Miller was a guest on the 03Mar18 issue of The Investors Podcast. He is one of the greatest money managers ever. He is short bonds and continues to add to that position. He uses moving averages to validate his investment decision. He feels stocks will go up this year as long as interest rates only increase slowly. He thinks any market pull back is a buying opportunity.

IRA#1
Cash
IRA#2
SRetailing has a price of 145.96, a sell price 141.45, a rank of 06, and is a hold. (ETF – RTH – stopped out)
EmergingEuropeMiddleEastAfrica has a price of 11.10, a sell price 10.74, a rank of 13, and is a hold. (ETF – EMQQ – stopped out)

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 – 00% 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:
15.79 01-03 FSELX 123.88 SSemiconductors Yes
15.27 02-07 FSCSX 186.69 SSoftware&ITServices
14.98 03-06 FSPTX 201.84 STechnology
14.61 04-05 FSDCX 40.73 SCommunicationsEquipment
14.60 05-08 FSDAX 185.97 SDefense&Aerospace
14.56 06-17 FSRPX 145.96 SRetailing
13.93 07-09 FBSOX 60.58 SITServices
13.55 08-02 FSLBX 88.72 SBrokerageandInvestmentManagement
13.26 09-04 FCPGX 27.54 SmallCapGrowth
13.25 10-04 FOCPX 121.94 OTCPortfolio
12.61 11-09 FTQGX 25.06 FocusedStock
12.38 12-07 FCNTX 133.15 Contrafund
12.13 13-12 FEMEX 11.10 EmergingEuropeMiddleEastAfrica
12.04 14-13 FHKCX 38.53 ChinaReqion
12.00 15-07 FBGRX 96.08 BlueChipGrowth
11.88 16-01 FDCPX 96.72 SComputers
11.80 17-02 FNCMX 99.31 NasdaqCompositeIndex
11.36 18-01 FTRNX 106.51 Trend
11.36 19-01 FIVLX 9.90 InternationalValue
10.92 20-01 FSUIX 14.39 LargeCapGrowthIndex – Inv
Last week
12.54 01-07 FSDAX 181.22 SDefense&Aerospace
12.53 02-16 FSRPX 142.28 SRetailing
11.52 03-11 FEMEX 10.97 EmergingEuropeMiddleEastAfrica
11.05 04-02 FSELX 117.83 SSemiconductors Yes
11.05 05-05 FSPTX 193.40 STechnology
11.03 06-06 FSCSX 178.38 SSoftware&ITServices
10.90 07-04 FSDCX 39.11 SCommunicationsEquipment
10.72 08-08 FBSOX 58.44 SITServices
9.29 09-03 FCPGX 26.39 SmallCapGrowth
9.25 10-03 FOCPX 116.81 OTCPortfolio
9.24 11-01 FLGEX 19.85 LargeCapGrowthEnhancedIndex
8.73 12-06 FCNTX 127.99 Contrafund
8.69 13-06 FBGRX 92.66 BlueChipGrowth
8.48 14-12 FHKCX 37.07 ChinaReqion
8.30 15-09 FTQGX 23.94 FocusedStock
7.95 16-01 FNCMX 95.30 NasdaqCompositeIndex
7.79 17-08 FSCPX 43.30 SConsumerDiscretionary
7.77 18-01 FSLBX 83.60 SBrokerageandInvestmentManagement
7.65 19-02 FLATX 27.30 LatinAmerica
7.57 20-01 FEDDX 15.93 EmergingMarketsDiscovery

IRA#1 is currently invested in:
100% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
Jan17 1m+6% 3m+5% 6m+18% 12m+24% 24m+63% 36m+27% 60m+89% 120m+18%
Dec17 1m-1% 3m+7% 6m+18% 12m+18% 24m+46% 36m+28% 60m+92% 120m-5%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – CashReserves(FDRXX)(05Mar18) from SBrokerageandInvestmentManagement(FSLBX)(22Jan18)
20% – CashReserves(FDRXX)(12Feb18) from EmergingMarketsIndex – InvC(FPEMX)(24Jul17)
20% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
20% – EmergingEuropeMiddleEastAfrica(FEMEX)(29Jan18) from CashReserves(FDRXX)
20% – SRetailing(FSRPX)(16Jan18) from CashReserves(FDRXX)
Jan17 1m+3% 3m+4% 6m+9% 12m+15% 24m+33% 36m+26% 60m+36% 120m+44%
Dec17 1m-0% 3m+4% 6m+7% 12m+13% 24m+23% 36m+22% 60m+35% 120m+41%
Average annual return since 1/82 11%

Not a good week, not a time to buy. The sum of all the deviations has been 297, 728, and now 499 – still not up two weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 00, 61, and now 01.
I continue to be invested in only 3 Fidelity funds (2 after Monday). All my ETFs were stopped out early in February. Until I get a buy week, I intend to remain in cash.

Consuelo Mack’s Wealthtrack show on 16 Feb featured Robert Kessler. Kessler points out that treasury bonds are yielding more than the S&P500. His one investment for the future is to buy and hold long term treasury strips (also known as a zero coupon treasury bond). He points out that over the last ~10 years the Fed has caused the market to go up by been printing money by buying securities (quantitative easing) and lowering interest rates. Now they are selling securities (quantitative tightening) and raising interest rates. A secure, inexpensive way to buy US treasury bonds is at Treasurydirect.gov. Investments start at $100 and mature in several days to 30 years depending on your purchase. No broker, no sales charge.

I received a couple of emails over the last few weeks.
I think my deviations numbers have been correct, but may have entered some based on some wrong day quotes from Fidelity. This week the quotes were correct but the distributions not listed – none of the funds I follow.
Macrovoices.com is the web site where they presented an analysis of the current down trend overlayed with the charts of several previous corrections – sort of a W looking trend. Hopefully the last up leg will start soon.

IRA#1
Cash
IRA#2
SRetailing has a price of 142.28, a sell price 141.45, a rank of 02, and is a hold. (ETF – RTH – stopped out)
SBrokerageandInvestmentManagement has a price of 83.60, a sell price 84.05, a rank of 18, and is a SELL. (ETF – CHIX – stopped out)
EmergingEuropeMiddleEastAfrica has a price of 10.97, a sell price 10.74, a rank of 03, and is a hold. (ETF – EMQQ – stopped out)

My mutual fund portfolio changes this weekend:
IRA #1 – None
IRA #2 – Sell SBrokerageandInvestmentManagement

My mutual fund portfolio market exposure after this weekend’s changes:
IRA #1 – 00% 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:
12.54 01-07 FSDAX 181.22 SDefense&Aerospace
12.53 02-16 FSRPX 142.28 SRetailing
11.52 03-11 FEMEX 10.97 EmergingEuropeMiddleEastAfrica
11.05 04-02 FSELX 117.83 SSemiconductors Yes
11.05 05-05 FSPTX 193.40 STechnology
11.03 06-06 FSCSX 178.38 SSoftware&ITServices
10.90 07-04 FSDCX 39.11 SCommunicationsEquipment
10.72 08-08 FBSOX 58.44 SITServices
9.29 09-03 FCPGX 26.39 SmallCapGrowth
9.25 10-03 FOCPX 116.81 OTCPortfolio
9.24 11-01 FLGEX 19.85 LargeCapGrowthEnhancedIndex
8.73 12-06 FCNTX 127.99 Contrafund
8.69 13-06 FBGRX 92.66 BlueChipGrowth
8.48 14-12 FHKCX 37.07 ChinaReqion
8.30 15-09 FTQGX 23.94 FocusedStock
7.95 16-01 FNCMX 95.30 NasdaqCompositeIndex
7.79 17-08 FSCPX 43.30 SConsumerDiscretionary
7.77 18-01 FSLBX 83.60 SBrokerageandInvestmentManagement
7.65 19-02 FLATX 27.30 LatinAmerica
7.57 20-01 FEDDX 15.93 EmergingMarketsDiscovery
Last week
15.58 01-10 FEMEX 11.30 EmergingEuropeMiddleEastAfrica Yes
15.24 02-06 FSDAX 184.35 SDefense&Aerospace
15.22 03-15 FSRPX 144.72 SRetailing Yes
13.00 04-05 FSCSX 180.50 SSoftware&ITServices Yes
12.85 05-04 FSPTX 195.39 STechnology Yes
12.83 06-07 FBSOX 59.22 SITServices Yes
12.55 07-11 FHKCX 38.29 ChinaReqion Yes
11.23 08-03 FSDCX 39.00 SCommunicationsEquipment
11.18 09-07 FSCPX 44.48 SConsumerDiscretionary Yes
10.95 10-05 FBGRX 94.15 BlueChipGrowth Yes
10.78 11-05 FCNTX 129.80 Contrafund Yes
10.68 12-08 FTQGX 24.36 FocusedStock Yes
10.63 13-09 FPEMX 12.04 EmergingMarketsIndex – InvC Yes
10.49 14-02 FOCPX 117.56 OTCPortfolio Yes
10.35 15-01 FSELX 116.40 SSemiconductors Yes
10.02 16-01 FLATX 27.79 LatinAmerica Yes
9.81 17-01 FSUIX 14.11 LargeCapGrowthIndex – IC Yes
9.79 18-02 FEMKX 34.11 EmergingMarkets
9.79 19-02 FCPGX 26.38 SmallCapGrowth Yes
9.69 20-03 FTRNX 103.88 Trend

IRA#1 is currently invested in:
100% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
Jan17 1m+6% 3m+5% 6m+18% 12m+24% 24m+63% 36m+27% 60m+89% 120m+18%
Dec17 1m-1% 3m+7% 6m+18% 12m+18% 24m+46% 36m+28% 60m+92% 120m-5%
Average annual return since 1/82 11%
IRA#2 is currently invested in:
20% – CashReserves(FDRXX)(05Mar18) from SBrokerageandInvestmentManagement(FSLBX)(22Jan18)
20% – CashReserves(FDRXX)(12Feb18) from EmergingMarketsIndex – InvC(FPEMX)(24Jul17)
20% – CashReserves(FDRXX)(12Feb18) from SSemiconductors(FSELX)(26Dec17)
20% – EmergingEuropeMiddleEastAfrica(FEMEX)(29Jan18) from CashReserves(FDRXX)
20% – SRetailing(FSRPX)(16Jan18) from CashReserves(FDRXX)
Jan17 1m+3% 3m+4% 6m+9% 12m+15% 24m+33% 36m+26% 60m+36% 120m+44%
Dec17 1m-0% 3m+4% 6m+7% 12m+13% 24m+23% 36m+22% 60m+35% 120m+41%
Average annual return since 1/82 11%