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


To: Julius Wong who wrote (2030)8/29/1999 10:56:00 AM
From: Julius Wong  Read Replies (1) | Respond to of 4916
 
A study based on the Top15 and Bottom15 parameters

I compute the number of stocks in the Top 15% and the bottom 15%
of the respective 52 week range. These numbers give the stock
distribution of a stock group with respect to the 52 week range,
and is a good indicator for the distribution of a stock group,
a Poisson distribution or a Gaussian distribution.

I'll use the S&P 500 stocks in this post, because the S&P 500
stocks represent about 70% of total market capitalization.

The data for the week of 7/12 and the last week are as follows:

No. of No. of
Stocks in Stocks in
Date Top 15% Bot 15%
---- --------- ---------

7/12 169 28
7/13 158 31
7/14 156 30
7/15 164 28
7/16 169 30

...

8/23 122 55
8/24 123 56
8/25 119 45
8/26 102 49
8/27 87 58

The data seemed to indicate that the stocks have moved closer to
their mean values. What will market do in the near future?
Probably sideways.



To: Julius Wong who wrote (2030)9/3/1999 8:34:00 PM
From: Julius Wong  Read Replies (1) | Respond to of 4916
 
Fri Sep 03

* Market Indices last month

DJIA : 3.26%
SP500 : 3.89%
NASDAQ: 11.44%

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

AMEX Index Trusts and Sector SPDRs

There are 4 Index Trusts:

DIA Diamonds Trust (DJ30)
MDY S&P Mid Cap 400 SPDR
SPY SPDR (S&P 500)
QQQ NASDAQ 100 Trust

There are 9 Sector SPDRS:

XLB Basic Inds SPDR
XLE Energy SPDR
XLF Financial SPDR

XLI Industrial SPDR
XLK Technology SPDR
XLP Consumer Staples SPDR

XLU Utilities SPDR
XLV Consumer Services SPDR
XLY Cyclical/Transport SPDR

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

* Strength ranking:

QQQ 3.30
XLK 2.31

DIA 0.94
XLP 0.89
SPY 0.84
XLI 0.64
MDY 0.34
XLF 0.32
XLY 0.28
XLE 0.01

XLV - 0.09
XLU - 1.10
XLB - 1.13