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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.
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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.
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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
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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%
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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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