A good week week, not a buy week. The sum of all the deviations has been -1345, -2463, and now -1578 – not up 2 weeks in a row.
The number of funds I rate as a buy over the last 3 weeks has been 00, 00, and now 05.
In reviewing some of the market indicators:
SPY (S&P500 ETF) is 16% below its 50 day moving average,
QQQ (Nasdaq 100 ETF) is 12% below its 50 day moving average,
IWM (Russell 2000 ETF) is 24% below its 50 day moving average,
None are above their 200 day moving average.
The sum of the deviations is negative.
Not a time to buy – Sum of all deviations is not up 2 weeks in a row.
There are ETFs which go up as the market goes down.
SH is the inverse of SPY and is 11% above its 50 day average.
PSQ is the inverse of QQQ and is 07% above its 50 day average.
RWM is the inverse of IWM and is 17% above its 50 day average.
Since the start of the year, I have been investing in the top 5 Fidelity funds based on their three months gain. Fidelity updates the three month gain at about the 8th of the month. Using the numbers they have published this year, the reports indicate a return of -2.48% in January and +0.01% in February. These returns are not as good as they had been in the final months of 2019. I started to invest in these funds as soon as the monthly reports were available. In January my return on the 5 funds I purchased was -2.47% and in February was -0.43%. Currently I am invested in FNBGX – Long-Term Treasury Bond Index, FUAMX – Intermediate Treasury Bond Index, FCBFX – Corporate Bond Fund, FGOVX – Government Income, and FGBFX – Global Credit, I skipped the foreign funds which charge a fee if sold within 90 days and the tax free funds since my investments are in an IRA.
IRA#1
No investments
IRA#2
No investments
My investment 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 – 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).
3.57 01-04 FNBGX 17.37 Long-Term Treasury Bond Index YES
-1.78 02-03 FUAMX 12.00 IntermediateTreasuryBondIndex YES
-4.71 03-05 FHKCX 34.83 ChinaRegion NO
-5.30 04-04 FPHAX 20.14 SPharmaceuticals NO
-6.55 05-05 FSEAX 39.79 EmergingAsia NO
-6.92 06-01 FSAGX 20.41 SGold YES
-7.07 07-33 FWRLX 9.65 SWireless NO
-7.29 08-44 FSPTX 17.21 STechnology NO
-7.46 09-04 FSPHX 24.50 SHealthCare NO
-7.73 10-02 FCVSX 27.26 ConvertibleSecurities NO
-7.81 11-41 FSCSX 17.49 SSoftware&ITServices NO
-8.48 12-02 FDCPX 70.02 SComputers NO
-8.57 13-13 FTRNX 92.50 Trend NO
-8.66 14-05 FBIOX 18.28 SBiotechnology NO
-9.38 15-03 FPURX 19.84 Puritian NO
-9.75 16-01 FSHCX 86.69 SHealthCareServices NO
-9.86 17-10 FOCPX 10.79 OTCPortfolio NO
-9.94 18-01 FFIDX 43.01 Fidelity NO
-10.10 19-04 FLGEX 18.24 LargeCapGrowthEnhancedIndex NO
-10.16 20-01 FPBFX 28.52 PacificBasin NO
Last Week
-1.25 01-03 FNBGX 16.53 Long-Term Treasury Bond Index NO
-3.26 02-02 FUAMX 11.83 IntermediateTreasuryBondIndex NO
-10.68 03-04 FHKCX 32.73 ChinaRegion NO
-12.43 04-01 FGOVX 10.97 GovernmentIncome NO
-12.88 05-03 FPHAX 18.58 SPharmaceuticals NO
-13.89 06-01 FIGRX 36.36 InternationalDiscovery NO
-14.15 07-04 FSEAX 36.68 EmergingAsia NO
-15.38 08-32 FWRLX 8.82 SWireless NO
-15.52 09-01 FCVSX 25.06 ConvertibleSecurities NO
-15.69 10-01 FBIOX 16.95 SBiotechnology NO
-16.10 11-02 FPURX 18.46 Puritian NO
-16.13 12-43 FSPTX 15.63 STechnology NO
-16.43 13-40 FSCSX 15.92 SSoftware&ITServices NO
-16.85 14-03 FSPHX 22.10 SHealthCare NO
-17.55 15-09 FOCPX 9.92 OTCPortfolio NO
-17.78 16-01 FDCPX 63.18 SComputers NO
-17.86 17-12 FTRNX 83.47 Trend NO
-18.04 18-01 FCNTX 10.66 Contrafund NO
-18.10 19-01 FPBFX 26.14 PacificBasin NO
-18.47 20-03 FLGEX 16.63 LargeCapGrowthEnhancedIndex NO
IRA#1 is currently invested in:
100% – Cash(23Mar20) from STechnology(FSPTX)(18Feb20)
Nov19 1m+6% 3m-0% 6m+23% 12m+2%
Average annual return since 1/82 na%
IRA#2 is currently invested in:
20% – Cash(23Mar20) from SSemiconductors(FSELX)(18Feb20)
20% – Cash(03Feb20) from SHealthCareServices(09Dec19)
20% – Cash(03Feb20) from SComputers(16Dec19)
20% – Cash(02Mar20) from STechnology(21Jan20)
20% – Cash(02Mar20) from SWireless(21Oct19)
Nov19 1m+1% 3m+1% 6m+8% 12m+3%
Average annual return since 1/82 na%