Fidelity Select Sector funds Message Board

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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (1210)	11/13/1998 7:34:00 AM
From: Bernie Kaplan	Read Replies (1) of 4916

At this time, based on short and intermediate term momentum readings, the strongest Select Funds are: Electronics: Buy 10/9 : + 40.7% Technology: Buy 10/9: + 29.6% Food & Agriculture: Buy 10/8: + 10.3% Developing Communications: Buy 10/9: + 25.1% Retailing: Buy 10/12: + 15.1% Money could be added to these positions IF an investment was made close to the time of their last Buy signals. Otherwise, it is far too risky to make a new investment at this time, and there is nothing wrong with holding on for now, since today appears to be a particularly iffy time to put new money into the market, even where the strongest sectors are concerned. While still rated as Holds, I am closely watching the following sectors for signs of additional deterioration: Chemicals, Health Care, Insurance, Medical Delivery, and Multimedia. Lousy week as anticipated. Selling any position in Utilities seems reasonable at this juncture as well. Have a good weekend. Bernie

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