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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?


To: Francis S. Patrick who wrote (2027)8/25/1999 9:34:00 PM
From: Julius Wong  Respond to of 4916
 
Francis:

FSESX is the most volatile select fund. It rotates up and down more often than other select funds.

FSESX Fundamentals:
1. We need $18 oil and $2.40 natural gas to keep FSESX up. Today the September oil dropped 4%, to $20.59, and September natural gas close at $3.03.

2. We need to keep up the rig count. See rig count at
bakerhughes.com

In the last few days money moved out from natural resource funds, back to tech funds, FSPHX, FSUTX, FSTCX and other growth funds.

Julius