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

To: Jim Battaglia who wrote (1393)	12/24/1998 1:36:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 4916

Hi Jim; I'm setting up to track the largest weighted ones in each along with it, only the XLP took 13 to get most of the index. the rest from 6 to 10, I may expand that but it should do. I'm setting them up now in Yahoo, and adjusting the weight to where they should track. I will also have them in a spread sheet ( I can import from Yahoo ) the sheet will re-weight them on the fly dynamicaly..and I can adjust Yahoo shares owned in each after any sizable moves. I sure do hope they catch on , as we will need some volume to keep them going, these will be neat as hell. Some of them should be a snap to time. I'm more a strategist and momentum player, than an FA or TA, person while they are all valid, I look hard for the "angle" that gives an edge. ---------- We need to get some talk going on these..like the XLB has DD at top with 20.01% weight..56 companies with AR last at 0.2% lot of gold and copper and Chem, I don't see it as a real narrow sector, and it may be sort of lack luster unless Chem & paper takes off as that's weighted the most, but I like having the gold in it too. ----------- XLU has telecoms as well as utilities, I wonder if these SPDRs will pay dividends ? MDY and SPY do. ----------- XLI with GE at the top pulling 26.32% of that index -------------- I like XLP lots of drugs, at the top end. along with KO, and XLF looks set up good for the Financial, it and XLK are the least hybrid, and most focused on their sectors, the Tech don't have much in the way of internuts in it, other than say csco..but that's OK it won't be as volatile, and I can still use the MDY as a proxy for the nuts. ----------- All in all I like them and feel really getting "into" them could be about all I might want to do..like I may start tracking every company, in any sector I go in, total they have 500 issues split up, that's to many for me to track, but the top runners shouldn't be too hard to deal with. Hope they get popular enough to be liquid and not have big spreads. Jim