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

To: Julius Wong who wrote (1760)	4/17/1999 12:11:00 AM
From: Julius Wong	Read Replies (1) \| Respond to 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