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[About This Newsletter]
DECISION POINT
FIDELITY SELECT TRACKER DAILY REPORT
Monday, 6/30/2008

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The Decision Point Fidelity Select Tracker is a daily publication
specializing in Fidelity Select mutual funds. It provides momentum analysis,
strength ranking and BUY and SELL Signals. This newsletter is included as
part of a DecisionPoint.com PRIME web site subscription.
****************************************************************************
INFORMATION CONTAINED HEREIN IS TO ASSIST FURTHER RESEARCH AND IS NEITHER A
SOLICITATION NOR RECOMMENDATION TO BUY OR SELL ANY SECURITY. PAST
PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
****************************************************************************
DISTRIBUTIONS: None today.

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TODAY'S RESULTS AND PRICE CHANGE ANALYSIS

                        06/30                     WTD    MTD    YTD
                        Close       $   %age   %Price %Price %Price
Name             Sym      NAV  Change Change   Change Change Change
---------------- ----- ------  ------ ------   ------ ------ ------
Air Transprt     FSAIX  26.24   -0.10  -0.4%    -0.4% -16.0%   -32%
Automotive       FSAVX  28.28   -0.39  -1.4%    -1.4% -20.3%   -24%
Banking          FSRBX  17.27   -0.42  -2.4%    -2.4% -20.2%   -29%
Biotech          FBIOX  65.21   +0.12  +0.2%    +0.2%  +0.1%    -2%
Brokerage        FSLBX  49.61   -1.01  -2.0%    -2.0% -15.7%   -23%
Business Svc     FBSOX  16.29   -0.18  -1.1%    -1.1%  -5.9%    -3%
Chemical         FSCHX  88.27   -1.05  -1.2%    -1.2%  -3.1%    +7%
Computers        FDCPX  40.74   -0.47  -1.1%    -1.1% -10.9%   -16%
Const/Housng     FSHOX  30.07   -0.36  -1.2%    -1.2% -12.8%    -9%
Consumer Ind     FSCPX  17.85   -0.18  -1.0%    -1.0% -12.2%   -15%
Cyclical Ind     FCYIX  20.04   +0.08  +0.4%    +0.4% -10.1%   -10%
Defnc/Aerosp     FSDAX  65.15   -0.17  -0.3%    -0.3% -16.5%   -22%
Devel Comm       FSDCX  20.03   -0.23  -1.1%    -1.1% -11.8%   -11%
Electronics      FSELX  38.44   -0.33  -0.9%    -0.9% -10.1%   -16%
Energy           FSENX  76.04   +1.22  +1.6%    +1.6%  +4.3%   +16%
Energy Svcs      FSESX 117.42   +1.17  +1.0%    +1.0%  +7.4%   +20%
Envir Svcs       FSLEX  17.52   -0.10  -0.6%    -0.6%  -8.8%   -10%
Financl Svcs     FIDSX  67.99   -1.40  -2.0%    -2.0% -16.9%   -29%
Food & Ag        FDFAX  60.01   +0.29  +0.5%    +0.5%  -8.1%   -10%
Gold             FSAGX  43.52   +0.17  +0.4%    +0.4%  +4.8%   +10%
Health Care      FSPHX 103.56   +0.47  +0.5%    +0.5%  -4.0%   -14%
Home Finance     FSVLX  19.10   -0.58  -2.9%    -2.9% -22.0%   -33%
Indust Equip     FSCGX  30.84   +0.10  +0.3%    +0.3% -10.0%   -13%
Indust Matls     FSDPX  61.59   -0.31  -0.5%    -0.5%  -2.9%    +5%
Insurance        FSPCX  44.04   -0.96  -2.1%    -2.1% -13.5%   -30%
Leisure          FDLSX  61.49   -0.76  -1.2%    -1.2% -12.7%   -20%
Medical Del      FSHCX  38.48   -0.32  -0.8%    -0.8%  -9.7%   -26%
Medical Eqp      FSMEX  24.05   +0.17  +0.7%    +0.7%  -1.3%     0%
Multimedia       FBMPX  32.01   +0.06  +0.2%    +0.2% -10.9%   -13%
Natural Gas      FSNGX  56.14   +0.69  +1.2%    +1.2%  +3.6%   +21%
Natural Res      FNARX  45.78   +0.70  +1.6%    +1.6%  +4.2%   +16%
Networking       FNINX   2.11   -0.03  -1.4%    -1.4%  -9.8%   -15%
Paper/Forest     FSPFX  24.65   -0.11  -0.4%    -0.4% -16.0%   -21%
Pharmaceutcl     FPHAX   9.96   +0.08  +0.8%    +0.8%  -3.6%   -14%
Retailing        FSRPX  35.95   -0.48  -1.3%    -1.3%  -9.2%   -12%
Softwr/Compt     FSCSX  70.67   -0.65  -0.9%    -0.9%  -9.2%   -13%
Technology       FSPTX  68.47   -0.90  -1.3%    -1.3% -11.4%   -16%
Telecomm         FSTCX  40.69   +0.24  +0.6%    +0.6% -11.3%   -22%
Transport        FSRFX  41.44   +0.49  +1.2%    +1.2% -10.7%    -7%
Utilities        FSUTX  62.23   +1.22  +2.0%    +2.0%  -0.7%    -3%
Wireless         FWRLX   6.98   +0.02  +0.3%    +0.3% -11.3%   -19%

Average                                -0.4%    -0.4%  -8.7%   -11%

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FIDELITY SELECT FUNDS SORTED BY TODAY'S PERCENTAGE CHANGE

                        06/30                     WTD    MTD    YTD
                        Close       $   %age   %Price %Price %Price
Name             Sym      NAV  Change Change   Change Change Change
---------------- ----- ------  ------ ------   ------ ------ ------
Utilities        FSUTX  62.23   +1.22  +2.0%    +2.0%  -0.7%    -3%
Energy           FSENX  76.04   +1.22  +1.6%    +1.6%  +4.3%   +16%
Natural Res      FNARX  45.78   +0.70  +1.6%    +1.6%  +4.2%   +16%
Natural Gas      FSNGX  56.14   +0.69  +1.2%    +1.2%  +3.6%   +21%
Transport        FSRFX  41.44   +0.49  +1.2%    +1.2% -10.7%    -7%
Energy Svcs      FSESX 117.42   +1.17  +1.0%    +1.0%  +7.4%   +20%
Pharmaceutcl     FPHAX   9.96   +0.08  +0.8%    +0.8%  -3.6%   -14%
Medical Eqp      FSMEX  24.05   +0.17  +0.7%    +0.7%  -1.3%     0%
Telecomm         FSTCX  40.69   +0.24  +0.6%    +0.6% -11.3%   -22%
Food & Ag        FDFAX  60.01   +0.29  +0.5%    +0.5%  -8.1%   -10%
Health Care      FSPHX 103.56   +0.47  +0.5%    +0.5%  -4.0%   -14%
Cyclical Ind     FCYIX  20.04   +0.08  +0.4%    +0.4% -10.1%   -10%
Gold             FSAGX  43.52   +0.17  +0.4%    +0.4%  +4.8%   +10%
Indust Equip     FSCGX  30.84   +0.10  +0.3%    +0.3% -10.0%   -13%
Wireless         FWRLX   6.98   +0.02  +0.3%    +0.3% -11.3%   -19%
Biotech          FBIOX  65.21   +0.12  +0.2%    +0.2%  +0.1%    -2%
Multimedia       FBMPX  32.01   +0.06  +0.2%    +0.2% -10.9%   -13%
Defnc/Aerosp     FSDAX  65.15   -0.17  -0.3%    -0.3% -16.5%   -22%
Air Transprt     FSAIX  26.24   -0.10  -0.4%    -0.4% -16.0%   -32%
Paper/Forest     FSPFX  24.65   -0.11  -0.4%    -0.4% -16.0%   -21%
Indust Matls     FSDPX  61.59   -0.31  -0.5%    -0.5%  -2.9%    +5%
Envir Svcs       FSLEX  17.52   -0.10  -0.6%    -0.6%  -8.8%   -10%
Medical Del      FSHCX  38.48   -0.32  -0.8%    -0.8%  -9.7%   -26%
Electronics      FSELX  38.44   -0.33  -0.9%    -0.9% -10.1%   -16%
Softwr/Compt     FSCSX  70.67   -0.65  -0.9%    -0.9%  -9.2%   -13%
Consumer Ind     FSCPX  17.85   -0.18  -1.0%    -1.0% -12.2%   -15%
Business Svc     FBSOX  16.29   -0.18  -1.1%    -1.1%  -5.9%    -3%
Computers        FDCPX  40.74   -0.47  -1.1%    -1.1% -10.9%   -16%
Devel Comm       FSDCX  20.03   -0.23  -1.1%    -1.1% -11.8%   -11%
Chemical         FSCHX  88.27   -1.05  -1.2%    -1.2%  -3.1%    +7%
Const/Housng     FSHOX  30.07   -0.36  -1.2%    -1.2% -12.8%    -9%
Leisure          FDLSX  61.49   -0.76  -1.2%    -1.2% -12.7%   -20%
Retailing        FSRPX  35.95   -0.48  -1.3%    -1.3%  -9.2%   -12%
Technology       FSPTX  68.47   -0.90  -1.3%    -1.3% -11.4%   -16%
Automotive       FSAVX  28.28   -0.39  -1.4%    -1.4% -20.3%   -24%
Networking       FNINX   2.11   -0.03  -1.4%    -1.4%  -9.8%   -15%
Brokerage        FSLBX  49.61   -1.01  -2.0%    -2.0% -15.7%   -23%
Financl Svcs     FIDSX  67.99   -1.40  -2.0%    -2.0% -16.9%   -29%
Insurance        FSPCX  44.04   -0.96  -2.1%    -2.1% -13.5%   -30%
Banking          FSRBX  17.27   -0.42  -2.4%    -2.4% -20.2%   -29%
Home Finance     FSVLX  19.10   -0.58  -2.9%    -2.9% -22.0%   -33%

Average                                -0.4%    -0.4%  -8.7%   -11%

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FIDELITY SELECT  FUNDS SORTED BY PRICE MOMENTUM OSCILLATOR (PMO) RANK

This section ranks the securities based on Decision Point's proprietary
PMO, a measure of internal and relative strength.

                          |-RankChg| |--% Price Change-|  Hot/Cold       PMO
                      PMO    5   15      On     5    15    Group &     Xover
Name/Symbol          Rank  Day  Day   06/30   Day   Day   Blinkers Sgnl/Days
---------------------- --  ---  ---   -----  ----  ---- |---------|---------
Energy Svcs      FSESX  1    0    0   +1.0%   -1%   +4%  1 ++ ++     BUY   7
Energy           FSENX  2   +1   +2   +1.6%   -1%    0%  4 -+ ++ +  SELL  34
Natural Res      FNARX  3   +1    0   +1.6%   -1%   +1%  4 -+ ++ +  SELL  33
Natural Gas      FSNGX  4   +1   +2   +1.2%   -3%   -1%  4 -+ -+ +  SELL  11
Chemical         FSCHX  5   -3   +3   -1.2%   -7%   -6%  5 -- -+    SELL   6
Biotech          FBIOX  6   +5  +11   +0.2%    0%    0%  4 -+ -+ +  SELL   4
Business Svc     FBSOX  7   +1    0   -1.1%   -3%   -3%  5 -- -+ +  SELL  24
Indust Matls     FSDPX  8   -1   +3   -0.5%   -4%   -4%  5 -- -+    SELL  38
Utilities        FSUTX  9   +1   +9   +2.0%   -1%   -1%  5 -- -+ +  SELL  24
Networking       FNINX 10   -4   -8   -1.4%   -5%   -8%  5 -- -+    SELL  21
Gold             FSAGX 11  +19  +21   +0.4%   +8%   +5%  1 ++ ++ +   BUY   4
Medical Eqp      FSMEX 11   +3  +14   +0.7%   +1%    0%  5 -- -+ +  SELL  10
Softwr/Compt     FSCSX 13   -1   -1   -0.9%   -4%   -6%  6 -- --    SELL  40
Health Care      FSPHX 14   +5  +12   +0.5%    0%   -2%  5 -- -- +  SELL  20
Devel Comm       FSDCX 15   -6  -10   -1.1%   -7%  -10%  6 -- --    SELL  34
Pharmaceutcl     FPHAX 16   +7  +15   +0.8%    0%   -1%  4 -- +- +  SELL  21
Envir Svcs       FSLEX 17   -4   -3   -0.6%   -5%   -9%  6 -- --    SELL  19
Technology       FSPTX 18   -2   -9   -1.3%   -5%   -8%  6 -- --    SELL  39
Computers        FDCPX 19   -4   -9   -1.1%   -5%  -10%  6 -- --    SELL  40
Electronics      FSELX 20   -3   -7   -0.9%   -4%   -7%  6 -- --    SELL  38
Retailing        FSRPX 21   -3   +2   -1.3%   -3%   -6%  6 -- --    SELL  39
Wireless         FWRLX 22   -2   -7   +0.3%   -4%   -7%  6 -- --    SELL  38
Cyclical Ind     FCYIX 23   -2   +1   +0.4%   -5%   -7%  6 -- --    SELL  39
Indust Equip     FSCGX 24   -2   +3   +0.3%   -5%   -6%  6 -- --    SELL  39
Medical Del      FSHCX 25   +1   -5   -0.8%   -1%   -7%  5 -- -- +  SELL  20
Food & Ag        FDFAX 26   +5   +7   +0.5%   -1%   -6%  5 -- -- +  SELL  24
Telecomm         FSTCX 27   -3  -11   +0.6%   -2%   -9%  6 -- --    SELL  24
Transport        FSRFX 28   -3   -7   +1.2%   -3%   -9%  6 -- --    SELL  24
Multimedia       FBMPX 29   -2   -7   +0.2%   -2%   -8%  6 -- --    SELL  34
Consumer Ind     FSCPX 30   -1   -2   -1.0%   -4%   -9%  6 -- --    SELL  39
Const/Housng     FSHOX 31   +1   -1   -1.2%   -5%   -9%  5 -- -- +  SELL  40
Leisure          FDLSX 32   +1   +2   -1.2%   -5%   -9%  5 -- -- +  SELL  40
Paper/Forest     FSPFX 33   -5  -14   -0.4%   -6%  -11%  6 -- --    SELL  21
Brokerage        FSLBX 34    0   -5   -2.0%   -5%  -12%  6 -- --    SELL  40
Insurance        FSPCX 35   +1   +2   -2.1%   -5%  -10%  5 -- -- +  SELL  52
Defnc/Aerosp     FSDAX 36   -1   -1   -0.3%   -8%   -9%  6 -- --    SELL  40
Air Transprt     FSAIX 37   +1   +1   -0.4%   -6%  -12%  5 -- -- +  SELL  40
Financl Svcs     FIDSX 38   +1   +2   -2.0%   -6%  -11%  5 -- -- +  SELL  52
Automotive       FSAVX 39   -2   -3   -1.4%   -8%  -16%  6 -- --    SELL  40
Home Finance     FSVLX 40    0   -1   -2.9%   -8%  -14%  6 -- --    SELL  52
Banking          FSRBX 41    0    0   -2.4%   -4%  -12%  6 -- --    SELL  45

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PMO (PRICE MOMENTUM OSCILLATOR) CROSSOVER SIGNALS

The PMO generates a BUY or SELL Signals when it crosses up or down through
its 10-DMA. These signals tend to be short-term in duration, but they can
last for several weeks. Do not take them at face value because they can
whipsaw quite a bit. They should be used to alert you to possible trading
opportunities not used as a mechanical trading model. Always check our daily
stock charts to verify the price pattern and the configuration of the PMO.
Signals are best when price appears extended, is near support or resistance,
and the PMO is very overbought or oversold. These signals may also be used to
manage positions based on our FSel Top 5 signals or the longer-term
Price Momentum Model signals.

SUMMARY OF PMO CROSSOVER SIGNALS

                   FSel   FSel
                    BUY   SELL

Total Signals...:     2     39
% of Total......:    5%    95%
Ave Days Elapsed:     6     32
Ave High Profit.:   +2%    +9%
Ave High Profit.:   +2%    +9%

Percentage of PMOs Rising ..........:  12%
Percentage of PMOs Above Zero.......:  39%

                        06/30               Cal
                        Close      %       Days    High   Today   PMO
Name/Symbol               NAV Change Signl Elap     P/L     P/L R/F Days
---------------------- ------ ------ ----- ---- ------- ------- --------
Gold             FSAGX  43.52  +0.4%   BUY    4    4.6%    4.6%    R  12
Energy Svcs      FSESX 117.42  +1.0%   BUY    7    0.0%   -0.5%    R   3
Biotech          FBIOX  65.21  +0.2%  SELL    4    0.0%   -1.0%    F   4
Chemical         FSCHX  88.27  -1.2%  SELL    6    3.9%    3.9%    F  11
Medical Eqp      FSMEX  24.05  +0.7%  SELL   10    1.1%    0.0%    F  10
Natural Gas      FSNGX  56.14  +1.2%  SELL   11    2.2%   -0.3%    F   6
Envir Svcs       FSLEX  17.52  -0.6%  SELL   19    6.0%    6.0%    F  14
Health Care      FSPHX 103.56  +0.5%  SELL   20    2.7%    1.5%    F  24
Medical Del      FSHCX  38.48  -0.8%  SELL   20    6.7%    6.6%    F  24
Networking       FNINX   2.11  -1.4%  SELL   21    8.3%    8.3%    F  24
Paper/Forest     FSPFX  24.65  -0.4%  SELL   21   10.8%   10.8%    F  24
Pharmaceutcl     FPHAX   9.96  +0.8%  SELL   21    2.0%    0.6%    R   0
Business Svc     FBSOX  16.29  -1.1%  SELL   24    3.7%    3.6%    F  24
Food & Ag        FDFAX  60.01  +0.5%  SELL   24    6.6%    6.1%    F  24
Telecomm         FSTCX  40.69  +0.6%  SELL   24   10.8%   10.2%    F  24
Transport        FSRFX  41.44  +1.2%  SELL   24    9.0%    7.7%    F  10
Utilities        FSUTX  62.23  +2.0%  SELL   24    1.4%   -0.6%    F  10
Natural Res      FNARX  45.78  +1.6%  SELL   33    2.7%   -3.6%    R   0
Devel Comm       FSDCX  20.03  -1.1%  SELL   34    9.4%    9.4%    F  24
Energy           FSENX  76.04  +1.6%  SELL   34    0.7%   -6.0%    R   0
Multimedia       FBMPX  32.01  +0.2%  SELL   34   11.1%   10.9%    F  24
Electronics      FSELX  38.44  -0.9%  SELL   38    8.2%    8.2%    F  24
Indust Matls     FSDPX  61.59  -0.5%  SELL   38    1.6%    1.3%    F  11
Wireless         FWRLX   6.98  +0.3%  SELL   38    9.4%    8.9%    F  28
Consumer Ind     FSCPX  17.85  -1.0%  SELL   39   11.1%   11.1%    F  13
Cyclical Ind     FCYIX  20.04  +0.4%  SELL   39    8.7%    8.4%    F  24
Indust Equip     FSCGX  30.84  +0.3%  SELL   39    8.6%    8.3%    F  28
Retailing        FSRPX  35.95  -1.3%  SELL   39    7.7%    7.7%    F  10
Technology       FSPTX  68.47  -1.3%  SELL   39    9.1%    9.1%    F  24
Air Transprt     FSAIX  26.24  -0.4%  SELL   40   13.4%   13.4%    F  10
Automotive       FSAVX  28.28  -1.4%  SELL   40   22.5%   22.5%    F  13
Brokerage        FSLBX  49.61  -2.0%  SELL   40   13.5%   13.5%    F  24
Computers        FDCPX  40.74  -1.1%  SELL   40    7.1%    7.1%    F  24
Const/Housng     FSHOX  30.07  -1.2%  SELL   40   12.1%   12.1%    F  13
Defnc/Aerosp     FSDAX  65.15  -0.3%  SELL   40   15.8%   15.8%    F  10
Leisure          FDLSX  61.49  -1.2%  SELL   40   10.7%   10.7%    F  13
Softwr/Compt     FSCSX  70.67  -0.9%  SELL   40    4.5%    4.5%    F  24
Banking          FSRBX  17.27  -2.4%  SELL   45   23.4%   23.4%    F  45
Financl Svcs     FIDSX  67.99  -2.0%  SELL   52   19.4%   19.4%    F  13
Home Finance     FSVLX  19.10  -2.9%  SELL   52   22.7%   22.7%    F  13
Insurance        FSPCX  44.04  -2.1%  SELL   52   13.7%   13.7%    F  13

Average                        -0.4%         30    8.5%    7.8%       16

*****************************************************************************
PRICE MOMENTUM MODEL SIGNALS

The SWENLIN PRICE MOMENTUM MODEL is intended to catch long-term price moves.
Model Signals are mechanically generated by a 200-day exponential moving
average crossover in conjunction with a 10% price move in the opposite
direction of the current signal extreme. For example, assume that the current
signal is a BUY. If the price drops 10% from the signal high, and also drops
below the 200 DMA, a SELL Signal will be generated automatically. The
MOMENTUM MODEL SIGNALS work best when prices are trending and changing
direction smoothly. When prices are volatile, particularly in a 10% range,
results will be extremely poor. By design, these signals will always miss at
least the first 10% of a move. Rather than wait for a signal reversal, it is
best to use trend analysis and other indicators to decide when to exit a
position. New signals should alert you to the possibility that a change in
direction is taking place. Once alerted, watch price movement and other
indicators to determine an optimum entry point, if any.

SUMMARY OF PRICE MOMENTUM MODEL (PMM) SIGNALS

                   FSel   FSel
                    BUY   SELL

Total Signals...:    12     29
% of Total......:   29%    71%
Ave Days Elapsed:    78     99
Ave High Profit.:  +13%   +13%
Ave Profit......:   +9%   +12%
Ave Rel to Stop.:  +10%   -32%

PRICE MOMENTUM MODEL SIGNALS

This is a list of PRICE MOMENTUM MODEL SIGNALS for the Fidelity Select Funds.
The newest signals give notice that the trend may be in the process of
making a long-term change of direction.

THIS IS A LIST OF CANDIDATES FOR FURTHER RESEARCH AND IS NEITHER A
SOLICITATION NOR RECOMMENDATION TO BUY OR SELL THE LISTED SECURITIES.

                        06/30              Cal                        Price
                        Close      %      Days   High  Today         Rel to
Name/Symbol               NAV Change Sgnl Elap    P/L    P/L   STOP    Stop
---------------------- ------ ------ ---- ---- ------ ------ ------ -------
Gold             FSAGX  43.52  +0.4%  BUY    3   0.4%   0.4%  39.17  +11.1%
Medical Eqp      FSMEX  24.05  +0.7%  BUY   25   0.0%  -2.3%  22.16   +8.5%
Biotech          FBIOX  65.21  +0.2%  BUY   32   2.3%   0.1%  59.99   +8.7%
Business Svc     FBSOX  16.29  -1.1%  BUY   73  11.9%   4.4%  15.71   +3.7%
Softwr/Compt     FSCSX  70.67  -0.9%  BUY   73   7.2%  -2.9%  70.26   +0.6%
Utilities        FSUTX  62.23  +2.0%  BUY   73   2.4%   0.6%  56.97   +9.2%
Chemical         FSCHX  88.27  -1.2%  BUY   88  16.5%   6.1%  83.64   +5.5%
Natural Res      FNARX  45.78  +1.6%  BUY   88  20.4%  19.7%  39.05  +17.2%
Energy           FSENX  76.04  +1.6%  BUY   89  20.9%  19.7%  64.82  +17.3%
Energy Svcs      FSESX 117.42  +1.0%  BUY   90  29.7%  29.0%  96.32  +21.9%
Natural Gas      FSNGX  56.14  +1.2%  BUY  147  29.1%  25.7%  48.34  +16.1%
Indust Matls     FSDPX  61.59  -0.5%  BUY  150  14.9%   8.9%  58.45   +5.4%
Networking       FNINX   2.11  -1.4% SELL    0   0.0%  -7.9%   2.32   -9.1%
Envir Svcs       FSLEX  17.52  -0.6% SELL    3   0.6%   0.6%  19.27   -9.1%
Computers        FDCPX  40.74  -1.1% SELL    4   1.9%   1.9%  44.81   -9.1%
Cyclical Ind     FCYIX  20.04  +0.4% SELL    4   0.2%  -0.2%  21.96   -8.7%
Devel Comm       FSDCX  20.03  -1.1% SELL    4   1.2%   1.2%  22.03   -9.1%
Electronics      FSELX  38.44  -0.9% SELL    4   1.2%   1.2%  42.28   -9.1%
Indust Equip     FSCGX  30.84  +0.3% SELL    4   0.2%  -0.1%  33.81   -8.8%
Retailing        FSRPX  35.95  -1.3% SELL    4   1.0%   1.0%  39.80   -9.7%
Technology       FSPTX  68.47  -1.3% SELL    4   1.5%   1.5%  75.32   -9.1%
Wireless         FWRLX   6.98  +0.3% SELL    4   0.0%  -0.6%   7.66   -8.9%
Transport        FSRFX  41.44  +1.2% SELL    6   2.0%   0.6%  45.08   -8.1%
Food & Ag        FDFAX  60.01  +0.5% SELL    7   2.0%   1.5%  65.69   -8.6%
Multimedia       FBMPX  32.01  +0.2% SELL   10   3.4%   3.3%  35.87  -10.8%
Const/Housng     FSHOX  30.07  -1.2% SELL   19   6.4%   6.4%  34.08  -11.8%
Automotive       FSAVX  28.28  -1.4% SELL   24  15.4%  15.4%  35.67  -20.7%
Defnc/Aerosp     FSDAX  65.15  -0.3% SELL   24   8.7%   8.7%  76.68  -15.0%
Health Care      FSPHX 103.56  +0.5% SELL  143  10.3%   6.7% 109.58   -5.5%
Medical Del      FSHCX  38.48  -0.8% SELL  146  20.5%  18.9%  43.91  -12.4%
Pharmaceutcl     FPHAX   9.96  +0.8% SELL  159   9.7%   7.8%  10.73   -7.1%
Brokerage        FSLBX  49.61  -2.0% SELL  178  17.4%  17.4%  58.67  -15.4%
Paper/Forest     FSPFX  24.65  -0.4% SELL  178  16.4%  16.4%  29.07  -15.2%
Leisure          FDLSX  61.49  -1.2% SELL  179  17.2%  17.2%  71.49  -14.0%
Air Transprt     FSAIX  26.24  -0.4% SELL  234  36.6%  36.6%  34.86  -24.7%
Consumer Ind     FSCPX  17.85  -1.0% SELL  234  17.0%  17.0%  20.63  -13.5%
Telecomm         FSTCX  40.69  +0.6% SELL  236  26.8%  24.4%  46.62  -12.7%
Insurance        FSPCX  44.04  -2.1% SELL  238  30.3%  30.3%  55.81  -21.1%
Financl Svcs     FIDSX  67.99  -2.0% SELL  241  33.0%  33.0%  89.04  -23.6%
Banking          FSRBX  17.27  -2.4% SELL  249  36.7%  36.7%  23.44  -26.3%
Home Finance     FSVLX  19.10  -2.9% SELL  342  53.0%  53.0%  28.14  -32.1%

Average                        -0.4%        93  12.8%  11.2%          -6.4%

****************************************************************************
SHORT-TERM (PMO) and LONG-TERM (PMM) SIGNAL COMPARISONS

The Price Momentum Model (PMM) signal provides guidance regarding the
longer-term trend, and the Price Momentum Oscillator (PMO) signals identify
the shorter-term trend. A logical trading methodology is to open positions
on new PMO signals when they are compatable with the PMM signals. Positions
may be closed or hedged when the PMM and PMO signals are in conflict.

This section compares the PMM and PMO signals side by side and provides
some mechanical analysis. A "Warn!" flag is an alert that the PMO signal is
in conflict with the PMM -- closing or hedging the PMM position may be
considered. A "Buy?" or "Sell?" flag is an alert that the PMO signal has
just changed and is the same as the PMM signal -- opening new PMM positions
may be considered.

SUMMARY OF SHORT-TERM AND LONG-TERM SIGNALS FOR FIDELITY SELECT FUNDS

                       SHORT-TERM                   LONG-TERM
                       PMO    PMO                  PMM    PMM
                       BUY   SELL                  BUY   SELL

Total Signals...:        2     39                   12     29
% of Total......:        5%    95%                  29%    71%
Ave Days Elapsed:        6     32                   78     99
Ave High Profit.:      +2%    +9%                 +13%   +13%
Ave Profit......:      +2%    +8%                  +9%   +12%
Ave Rel to Stop.:                                 +10%   -32%

Percentage of PMOs Rising ..........:  12%
Percentage of PMOs Above Zero.......:  39%

                     |-- PMO Crossover Model ---|-- Price Momentum Model --|
                     |  PMO        High   Today |  PMM         High   Today|
Name             Flag| Sgnl Day     P/L     P/L | Sgnl Days     P/L     P/L|
--------------- -----| ---- --- ------- ------- | ---- ---- ------- -------|
Air Transprt           SELL  40  +13.4%  +13.4%   SELL  234  +36.6%  +36.6%
Automotive             SELL  40  +22.5%  +22.5%   SELL   24  +15.4%  +15.4%
Banking                SELL  45  +23.4%  +23.4%   SELL  249  +36.7%  +36.7%
Biotech         Warn!  SELL   4    0.0%   -1.0%    BUY   32   +2.3%   +0.1%
Brokerage              SELL  40  +13.5%  +13.5%   SELL  178  +17.4%  +17.4%
Business Svc    Warn!  SELL  24   +3.7%   +3.6%    BUY   73  +11.9%   +4.4%
Chemical        Warn!  SELL   6   +3.9%   +3.9%    BUY   88  +16.5%   +6.1%
Computers              SELL  40   +7.1%   +7.1%   SELL    4   +1.9%   +1.9%
Const/Housng           SELL  40  +12.1%  +12.1%   SELL   19   +6.4%   +6.4%
Consumer Ind           SELL  39  +11.1%  +11.1%   SELL  234  +17.0%  +17.0%
Cyclical Ind           SELL  39   +8.7%   +8.4%   SELL    4   +0.2%   -0.2%
Defnc/Aerosp           SELL  40  +15.8%  +15.8%   SELL   24   +8.7%   +8.7%
Devel Comm             SELL  34   +9.4%   +9.4%   SELL    4   +1.2%   +1.2%
Electronics            SELL  38   +8.2%   +8.2%   SELL    4   +1.2%   +1.2%
Energy          Warn!  SELL  34   +0.7%   -6.0%    BUY   89  +20.9%  +19.7%
Energy Svcs             BUY   7    0.0%   -0.5%    BUY   90  +29.7%  +29.0%
Envir Svcs             SELL  19   +6.0%   +6.0%   SELL    3   +0.6%   +0.6%
Financl Svcs           SELL  52  +19.4%  +19.4%   SELL  241  +33.0%  +33.0%
Food & Ag              SELL  24   +6.6%   +6.2%   SELL    7   +2.0%   +1.5%
Gold                    BUY   4   +4.6%   +4.6%    BUY    3   +0.4%   +0.4%
Health Care            SELL  20   +2.7%   +1.5%   SELL  143  +10.3%   +6.7%
Home Finance           SELL  52  +22.7%  +22.7%   SELL  342  +53.0%  +53.0%
Indust Equip           SELL  39   +8.6%   +8.3%   SELL    4   +0.2%   -0.1%
Indust Matls    Warn!  SELL  38   +1.6%   +1.3%    BUY  150  +14.9%   +8.9%
Insurance              SELL  52  +13.7%  +13.7%   SELL  238  +30.3%  +30.3%
Leisure                SELL  40  +10.7%  +10.7%   SELL  179  +17.2%  +17.2%
Medical Del            SELL  20   +6.7%   +6.6%   SELL  146  +20.5%  +18.9%
Medical Eqp     Warn!  SELL  10   +1.1%    0.0%    BUY   25    0.0%   -2.3%
Multimedia             SELL  34  +11.1%  +10.9%   SELL   10   +3.5%   +3.3%
Natural Gas     Warn!  SELL  11   +2.2%   -0.3%    BUY  147  +29.2%  +25.7%
Natural Res     Warn!  SELL  33   +2.7%   -3.7%    BUY   88  +20.5%  +19.7%
Networking             SELL  21   +8.3%   +8.3%  *SELL    0    0.0%   -7.9%
Paper/Forest           SELL  21  +10.8%  +10.8%   SELL  178  +16.4%  +16.4%
Pharmaceutcl           SELL  21   +2.0%   +0.6%   SELL  159   +9.7%   +7.8%
Retailing              SELL  39   +7.7%   +7.7%   SELL    4   +1.1%   +1.1%
Softwr/Compt    Warn!  SELL  40   +4.5%   +4.5%    BUY   73   +7.2%   -2.9%
Technology             SELL  39   +9.1%   +9.1%   SELL    4   +1.5%   +1.5%
Telecomm               SELL  24  +10.8%  +10.2%   SELL  236  +26.8%  +24.4%
Transport              SELL  24   +9.0%   +7.7%   SELL    6   +2.0%   +0.6%
Utilities       Warn!  SELL  24   +1.4%   -0.6%    BUY   73   +2.4%   +0.6%
Wireless               SELL  38   +9.4%   +8.9%   SELL    4    0.0%   -0.6%

Average                      30   +8.5%   +7.8%          93  +12.8%  +11.2%

*****************************************************************************
EXPLANATION OF TABLE HEADINGS

Close NAV: The fund's net asset value as of today's close.

% Change: Percentage that price has changed from prior day's close.

PMO Rank: Shows the rank of the PMO in relation to the other securities
in the list.

5 Day Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) in the last 5 days.

15 Day Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) in the last 15 days.

YTD Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) since the beginning of the year.

Signl: The signal designations of BUY and SELL indicate the current
direction of momentum and are not an indication that continuous buying or
selling should take place. Signals that are a few days or weeks old give the
best indication that profitable action MIGHT be taken.

Signal Flag: When the PMO signal disagrees with the PMM signal, the flag
will be "Warn!" On the day the PMO signal changes back into agreement
with the PMM signal, the flag will remind that new positions may be
considered by indicating "Buy?" or "Sell?"

Cal Days Elap: Indicates the number of calendar days that have elapsed since
the current signal was initiated.

High P/L: Highest profit or least loss experienced since the current signal
was initiated.  On the first day of a new signal the P/L displayed is the
closing P/L for the prior signal.

Today P/L: Profit or loss for the signal since it was initiated. On the
first day of a new signal the P/L displayed is the closing P/L for the prior
signal.

STOP: The price at which the mechanical PMM signal will reverse.

Price Rel to Stop: This column shows the relationship of the current price
to the price at which the signal will change. (i.e. +5.3% means the current
price is 5.3% above the signal change price.

PMO R/F Days: The direction of the PMO (rising/falling) and number of
calendar days trend has been effect.

The Hot/Cold grouping ranks securities/indexes into six (6) groups ranging
from 1 (Hot) to 6 (Cold) according to price strength, internal strength,
and relative strength. We can quickly assess the condition of these
elements by the group number and "blinker" fields. Moving from left to
right: The first blinker tells us if the PMO is above (+) or below (-) its
10-day exponential moving average (EMA). The second blinker indicates if
the closing price is above (+) or below (-) it's 20-DMA. The third and
fourth blinkers tell us if the PMO is rising (+) or falling (-), and if it
is above (+) or below (-) zero. The fifth blinker tells us if the 5-day PMO
rank change is positive (+), negative (-), or no change ( ). Groups 1-3
should be considered as buy candidates, 4-6 as sell candidates.


CAVEAT

We make every effort to insure the accuracy of this information, but we
cannot guarantee it. It is always possible that errors will creep in. If it
doesn't make sense, let us know about it. Also, we make every effort to
upload this data each market day, but circumstances may be such that it is
not possible due to circumstances beyond our control.

End of Fidelity Select Tracker Daily Report for Monday 6/30/2008

Copyright 2008 Decision Point. This publication is not to be summarized,
reproduced, or rebroadcast in any fashion without our written permission.
Nothing herein should be construed as an offer or solicitation to buy or
sell any security. Past performance does not guarantee or imply future
results.
 
   
   
   
   
 

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