SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Fidelity Select Sector funds
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Julius Wong who wrote (1760)4/17/1999 12:11:00 AM
From: Julius Wong  Read Replies (1) of 4916
 
April 14 -- Market Turning Point ?

On Wed April 14, the market changed in several ways.

****** ****** ******

For sector fund investors, we had a huge rotation.
The following table gives percentage changes of some funds last
three days:

Fund 4/13 4/16 % diff
----- ------ ------ -------
FSRFX 20.11 22.87 + 13.72
FSESX 17.96 19.97 + 11.19
FSCHX 33.01 36.02 + 9.12
FSRFX 24.08 26.04 + 8.14
FSDAX 34.67 37.34 + 7.70
FSENX 19.99 21.52 + 7.65
FSAGX 12.96 13.91 + 7.33
FDPMX 9.36 10.00 + 6.84
FSHOX 24.93 26.55 + 6.50
FSAIX 29.50 31.29 + 6.07

...

FSTCX 71.75 68.75 - 4.18
FDCPX 76.05 72.55 - 4.60
FDLSX 93.21 88.08 - 5.50
FSPTX 92.04 86.80 - 5.69
FSRPX 71.70 67.44 - 5.94
FSPHX 142.04 132.93 - 6.41
FSLBX 50.50 47.15 - 6.63
FBMPX 48.38 45.14 - 6.70
FSDCX 41.15 38.12 - 7.36
FBIOX 44.19 40.53 - 8.28

AMEX sector SPDR also showed sector rotation:

Sector 4/13 4/16 % diff
------ ----- ----- -------
XLB 23.25 25.59 + 10.06
Basic Inds

XLE 25.53 27.13 + 6.27
Energy

XLI 26.63 28.06 + 5.37
Industrial

...

XLK 37.81 36.19 - 4.28
Technology

XLV 30.03 28.72 - 4.36
Consumer
Services

XLP 27.50 26.13 - 4.98
Consumer
Staples

Money rotated out of technology, drugs, consumer into basic inds,
industrial, energy, gold, and transportation.

****** ****** ******

Some money moved into mid cap and small cap stocks.
For comparison I use S&P 500, S&P mid cap 400, S&P small cap 600:

S&P Index 4/13 4/16 % diff
------------- ------- ------- ------
S&P 500 1349.82 1319.00 - 2.28
Mid cap 400 371.92 380.28 + 2.25
Small cap 600 162.11 167.31 + 3.21

****** ****** ******

Money also moved into value stocks. Fidelity Value Fund data:

Fid Fund 4/13 4/16 % diff
-------- ----- ----- ------
FDVLX 47.14 50.88 + 7.93
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News