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DECISION POINT
FIDELITY SELECT TRACKER DAILY REPORT
Wednesday, 4/30/2008
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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
04/30 WTD MTD YTD
Close $ %age %Price %Price %Price
Name Sym NAV Change Change Change Change Change
---------------- ----- ------ ------ ------ ------ ------ ------
Air Transprt FSAIX 32.71 +0.05 +0.2% +3.1% +3.2% -16%
Automotive FSAVX 37.51 +0.07 +0.2% +2.3% +10.3% 0%
Banking FSRBX 22.69 -0.10 -0.4% -1.4% +4.0% -7%
Biotech FBIOX 62.38 -0.16 -0.3% -1.5% +1.8% -6%
Brokerage FSLBX 57.68 +0.05 +0.1% +0.6% +4.1% -10%
Business Svc FBSOX 16.43 +0.05 +0.3% +2.6% +11.6% -2%
Chemical FSCHX 85.65 +0.91 +1.1% -4.4% +7.6% +4%
Computers FDCPX 43.24 -0.57 -1.3% +0.1% +9.1% -11%
Const/Housng FSHOX 34.14 -0.72 -2.1% -2.9% +4.1% +4%
Consumer Ind FSCPX 20.02 -0.21 -1.0% -0.4% +3.6% -5%
Cyclical Ind FCYIX 21.72 -0.01 0.0% +0.1% +5.2% -2%
Defnc/Aerosp FSDAX 78.41 -0.07 -0.1% -0.6% +8.7% -6%
Devel Comm FSDCX 21.13 +0.27 +1.3% +1.7% +9.9% -6%
Electronics FSELX 40.43 -0.40 -1.0% -1.1% +8.0% -11%
Energy FSENX 67.69 +0.33 +0.5% -3.1% +10.3% +3%
Energy Svcs FSESX 100.79 +0.99 +1.0% -2.6% +12.7% +3%
Envir Svcs FSLEX 18.37 -0.03 -0.2% -1.2% +6.0% -5%
Financl Svcs FIDSX 86.39 -0.83 -1.0% -1.6% +4.9% -10%
Food & Ag FDFAX 64.59 +0.02 0.0% -0.4% -0.4% -3%
Gold FSAGX 38.73 +1.11 +3.0% -2.3% -7.0% -2%
Health Care FSPHX 104.97 +0.29 +0.3% -0.4% +3.1% -13%
Home Finance FSVLX 25.26 -0.32 -1.3% -3.1% +1.6% -11%
Indust Equip FSCGX 33.48 +0.07 +0.2% -0.1% +3.8% -5%
Indust Matls FSDPX 59.63 +0.66 +1.1% -3.3% +6.2% +2%
Insurance FSPCX 53.11 -0.27 -0.5% -0.4% +1.8% -16%
Leisure FDLSX 71.11 +0.19 +0.3% +0.8% +4.4% -7%
Medical Del FSHCX 40.67 +0.05 +0.1% -0.4% +5.4% -22%
Medical Eqp FSMEX 23.99 -0.17 -0.7% +0.3% +3.2% 0%
Multimedia FBMPX 34.34 -0.12 -0.3% +0.7% +3.6% -6%
Natural Gas FSNGX 51.50 +0.19 +0.4% -3.3% +9.3% +11%
Natural Res FNARX 40.49 +0.31 +0.8% -3.0% +9.7% +2%
Networking FNINX 2.13 +0.02 +0.9% +0.9% +11.5% -14%
Paper/Forest FSPFX 27.06 -0.25 -0.9% -4.5% -2.0% -14%
Pharmaceutcl FPHAX 10.11 0.00 0.0% -0.8% +2.6% -12%
Retailing FSRPX 38.52 -0.79 -2.0% -1.2% +5.0% -6%
Softwr/Compt FSCSX 74.22 -0.02 0.0% +1.3% +11.5% -9%
Technology FSPTX 73.16 +0.11 +0.2% +0.5% +11.2% -10%
Telecomm FSTCX 44.81 +0.14 +0.3% +1.0% +8.1% -14%
Transport FSRFX 45.16 -0.08 -0.2% +1.8% +4.6% +2%
Utilities FSUTX 60.75 -0.01 0.0% -0.9% +6.0% -5%
Wireless FWRLX 7.54 +0.04 +0.5% +0.8% +8.5% -13%
Average 0.0% -0.6% +5.8% -6%
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FIDELITY SELECT FUNDS SORTED BY TODAY'S PERCENTAGE CHANGE
04/30 WTD MTD YTD
Close $ %age %Price %Price %Price
Name Sym NAV Change Change Change Change Change
---------------- ----- ------ ------ ------ ------ ------ ------
Gold FSAGX 38.73 +1.11 +3.0% -2.3% -7.0% -2%
Devel Comm FSDCX 21.13 +0.27 +1.3% +1.7% +9.9% -6%
Chemical FSCHX 85.65 +0.91 +1.1% -4.4% +7.6% +4%
Indust Matls FSDPX 59.63 +0.66 +1.1% -3.3% +6.2% +2%
Energy Svcs FSESX 100.79 +0.99 +1.0% -2.6% +12.7% +3%
Networking FNINX 2.13 +0.02 +0.9% +0.9% +11.5% -14%
Natural Res FNARX 40.49 +0.31 +0.8% -3.0% +9.7% +2%
Energy FSENX 67.69 +0.33 +0.5% -3.1% +10.3% +3%
Wireless FWRLX 7.54 +0.04 +0.5% +0.8% +8.5% -13%
Natural Gas FSNGX 51.50 +0.19 +0.4% -3.3% +9.3% +11%
Business Svc FBSOX 16.43 +0.05 +0.3% +2.6% +11.6% -2%
Health Care FSPHX 104.97 +0.29 +0.3% -0.4% +3.1% -13%
Leisure FDLSX 71.11 +0.19 +0.3% +0.8% +4.4% -7%
Telecomm FSTCX 44.81 +0.14 +0.3% +1.0% +8.1% -14%
Air Transprt FSAIX 32.71 +0.05 +0.2% +3.1% +3.2% -16%
Automotive FSAVX 37.51 +0.07 +0.2% +2.3% +10.3% 0%
Indust Equip FSCGX 33.48 +0.07 +0.2% -0.1% +3.8% -5%
Technology FSPTX 73.16 +0.11 +0.2% +0.5% +11.2% -10%
Brokerage FSLBX 57.68 +0.05 +0.1% +0.6% +4.1% -10%
Medical Del FSHCX 40.67 +0.05 +0.1% -0.4% +5.4% -22%
Cyclical Ind FCYIX 21.72 -0.01 0.0% +0.1% +5.2% -2%
Food & Ag FDFAX 64.59 +0.02 0.0% -0.4% -0.4% -3%
Pharmaceutcl FPHAX 10.11 0.00 0.0% -0.8% +2.6% -12%
Softwr/Compt FSCSX 74.22 -0.02 0.0% +1.3% +11.5% -9%
Utilities FSUTX 60.75 -0.01 0.0% -0.9% +6.0% -5%
Defnc/Aerosp FSDAX 78.41 -0.07 -0.1% -0.6% +8.7% -6%
Envir Svcs FSLEX 18.37 -0.03 -0.2% -1.2% +6.0% -5%
Transport FSRFX 45.16 -0.08 -0.2% +1.8% +4.6% +2%
Biotech FBIOX 62.38 -0.16 -0.3% -1.5% +1.8% -6%
Multimedia FBMPX 34.34 -0.12 -0.3% +0.7% +3.6% -6%
Banking FSRBX 22.69 -0.10 -0.4% -1.4% +4.0% -7%
Insurance FSPCX 53.11 -0.27 -0.5% -0.4% +1.8% -16%
Medical Eqp FSMEX 23.99 -0.17 -0.7% +0.3% +3.2% 0%
Paper/Forest FSPFX 27.06 -0.25 -0.9% -4.5% -2.0% -14%
Consumer Ind FSCPX 20.02 -0.21 -1.0% -0.4% +3.6% -5%
Electronics FSELX 40.43 -0.40 -1.0% -1.1% +8.0% -11%
Financl Svcs FIDSX 86.39 -0.83 -1.0% -1.6% +4.9% -10%
Computers FDCPX 43.24 -0.57 -1.3% +0.1% +9.1% -11%
Home Finance FSVLX 25.26 -0.32 -1.3% -3.1% +1.6% -11%
Retailing FSRPX 38.52 -0.79 -2.0% -1.2% +5.0% -6%
Const/Housng FSHOX 34.14 -0.72 -2.1% -2.9% +4.1% +4%
Average 0.0% -0.6% +5.8% -6%
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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 04/30 Day Day Blinkers Sgnl/Days
---------------------- -- --- --- ----- ---- ---- |---------|---------
Energy Svcs FSESX 1 0 0 +1.0% -3% +5% 3 ++ -+ BUY 34
Natural Gas FSNGX 2 0 0 +0.4% -3% +2% 4 -+ -+ SELL 0
Energy FSENX 3 0 +1 +0.5% -3% +3% 3 ++ -+ BUY 29
Natural Res FNARX 4 0 +3 +0.8% -3% +2% 3 ++ -+ BUY 28
Chemical FSCHX 5 0 +1 +1.1% -4% +1% 5 -- -+ SELL 1
Technology FSPTX 6 +2 +13 +0.2% +2% +8% 1 ++ ++ + BUY 37
Business Svc FBSOX 7 +6 +11 +0.3% +5% +10% 1 ++ ++ + BUY 37
Softwr/Compt FSCSX 7 +2 +18 0.0% +1% +9% 1 ++ ++ + BUY 43
Indust Matls FSDPX 9 -3 -4 +1.1% -2% 0% 5 -- -+ SELL 1
Automotive FSAVX 10 +7 +1 +0.2% +5% +8% 1 ++ ++ + BUY 14
Devel Comm FSDCX 11 +4 +6 +1.3% +4% +8% 1 ++ ++ + BUY 37
Computers FDCPX 12 +2 +10 -1.3% +1% +6% 1 ++ ++ + BUY 78
Const/Housng FSHOX 13 -6 -10 -2.1% +1% +3% 3 ++ -+ BUY 13
Electronics FSELX 14 -4 -2 -1.0% 0% +4% 1 ++ ++ BUY 90
Networking FNINX 15 +7 +22 +0.9% +3% +10% 1 ++ ++ + BUY 37
Cyclical Ind FCYIX 16 0 -8 0.0% +2% +3% 1 ++ ++ BUY 14
Envir Svcs FSLEX 17 -5 -1 -0.2% -1% +2% 3 ++ -+ BUY 36
Utilities FSUTX 18 -7 +10 0.0% -2% +2% 3 ++ -+ BUY 34
Defnc/Aerosp FSDAX 19 +4 +13 -0.1% +2% +4% 1 ++ ++ + BUY 35
Wireless FWRLX 20 +7 +13 +0.5% +3% +6% 1 ++ ++ + BUY 36
Retailing FSRPX 21 +3 0 -2.0% +3% +4% 1 ++ ++ + BUY 41
Indust Equip FSCGX 22 -4 -12 +0.2% +2% +2% 1 ++ ++ BUY 12
Telecomm FSTCX 23 +7 +13 +0.3% +3% +6% 1 ++ ++ + BUY 37
Transport FSRFX 24 -3 -11 -0.2% +4% +4% 1 ++ ++ BUY 36
Financl Svcs FIDSX 25 +3 -2 -1.0% +3% +2% 1 ++ ++ + BUY 41
Brokerage FSLBX 26 0 -11 +0.1% +3% +2% 1 ++ ++ BUY 13
Medical Eqp FSMEX 27 -2 -7 -0.7% +1% 0% 1 ++ ++ BUY 36
Biotech FBIOX 28 -8 +2 -0.3% -2% 0% 3 +- -+ BUY 36
Consumer Ind FSCPX 29 0 -5 -1.0% +2% +3% 1 ++ ++ BUY 12
Food & Ag FDFAX 30 -11 -21 0.0% -1% -1% 5 -- -+ SELL 8
Banking FSRBX 31 +4 -5 -0.4% +5% +4% 1 ++ ++ + BUY 6
Leisure FDLSX 32 0 -3 +0.3% +3% +3% 1 ++ ++ BUY 12
Home Finance FSVLX 33 +3 -19 -1.3% +4% +1% 3 +- ++ + BUY 5
Multimedia FBMPX 34 -1 -3 -0.3% +2% +2% 1 ++ ++ BUY 12
Insurance FSPCX 35 -1 0 -0.5% +3% 0% 2 ++ +- BUY 41
Paper/Forest FSPFX 36 -5 -9 -0.9% -1% -3% 6 -- -- SELL 0
Health Care FSPHX 37 +2 +2 +0.3% 0% +1% 2 ++ +- + BUY 34
Pharmaceutcl FPHAX 38 0 0 0.0% +1% 0% 2 ++ +- BUY 41
Air Transprt FSAIX 39 +1 +1 +0.2% +7% +1% 2 ++ +- + BUY 2
Medical Del FSHCX 40 +1 +1 +0.1% +1% +3% 2 ++ +- + BUY 29
Gold FSAGX 41 -4 -7 +3.0% -5% -10% 6 -- -- SELL 7
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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...: 35 6
% of Total......: 85% 15%
Ave Days Elapsed: 31 3
Ave High Profit.: +6% +1%
Ave High Profit.: +6% +1%
Percentage of PMOs Rising ..........: 68%
Percentage of PMOs Above Zero.......: 68%
04/30 Cal
Close % Days High Today PMO
Name/Symbol NAV Change Signl Elap P/L P/L R/F Days
---------------------- ------ ------ ----- ---- ------- ------- --------
Air Transprt FSAIX 32.71 +0.2% BUY 2 2.2% 2.2% R 5
Home Finance FSVLX 25.26 -1.3% BUY 5 0.0% -3.1% R 6
Banking FSRBX 22.69 -0.4% BUY 6 2.4% 0.9% R 6
Consumer Ind FSCPX 20.02 -1.0% BUY 12 1.7% 0.6% R 7
Indust Equip FSCGX 33.48 +0.2% BUY 12 0.9% 0.5% R 12
Leisure FDLSX 71.11 +0.3% BUY 12 1.8% 1.8% R 7
Multimedia FBMPX 34.34 -0.3% BUY 12 1.1% 0.8% R 13
Brokerage FSLBX 57.68 +0.1% BUY 13 2.6% 2.4% R 6
Const/Housng FSHOX 34.14 -2.1% BUY 13 3.2% -0.1% F 0
Automotive FSAVX 37.51 +0.2% BUY 14 6.5% 6.5% R 14
Cyclical Ind FCYIX 21.72 0.0% BUY 14 2.3% 2.0% R 12
Natural Res FNARX 40.49 +0.8% BUY 28 12.4% 6.4% F 2
Energy FSENX 67.69 +0.5% BUY 29 14.1% 8.1% F 2
Medical Del FSHCX 40.67 +0.1% BUY 29 2.3% 1.7% R 34
Energy Svcs FSESX 100.79 +1.0% BUY 34 20.9% 14.7% F 2
Health Care FSPHX 104.97 +0.3% BUY 34 2.6% 1.7% R 14
Utilities FSUTX 60.75 0.0% BUY 34 8.0% 6.1% F 1
Defnc/Aerosp FSDAX 78.41 -0.1% BUY 35 8.7% 8.0% R 14
Biotech FBIOX 62.38 -0.3% BUY 36 5.7% 2.5% F 1
Envir Svcs FSLEX 18.37 -0.2% BUY 36 5.9% 4.4% F 1
Medical Eqp FSMEX 23.99 -0.7% BUY 36 3.6% 2.9% R 7
Transport FSRFX 45.16 -0.2% BUY 36 2.8% 2.5% R 6
Wireless FWRLX 7.54 +0.5% BUY 36 6.3% 6.3% R 14
Business Svc FBSOX 16.43 +0.3% BUY 37 9.2% 9.2% R 14
Devel Comm FSDCX 21.13 +1.3% BUY 37 9.3% 9.3% R 14
Networking FNINX 2.13 +0.9% BUY 37 10.9% 10.9% R 14
Technology FSPTX 73.16 +0.2% BUY 37 10.4% 10.4% R 14
Telecomm FSTCX 44.81 +0.3% BUY 37 5.8% 5.8% R 14
Financl Svcs FIDSX 86.39 -1.0% BUY 41 1.5% -0.1% R 6
Insurance FSPCX 53.11 -0.5% BUY 41 3.7% 0.9% R 6
Pharmaceutcl FPHAX 10.11 0.0% BUY 41 1.4% -0.3% R 7
Retailing FSRPX 38.52 -2.0% BUY 41 6.0% 3.8% R 6
Softwr/Compt FSCSX 74.22 0.0% BUY 43 12.2% 12.2% R 15
Computers FDCPX 43.24 -1.3% BUY 78 12.7% 11.2% R 14
Electronics FSELX 40.43 -1.0% BUY 90 6.7% 5.3% R 14
Natural Gas FSNGX 51.50 +0.4% SELL 0 0.0% 6.2% F 2
Paper/Forest FSPFX 27.06 -0.9% SELL 0 0.0% -3.4% F 1
Chemical FSCHX 85.65 +1.1% SELL 1 0.0% -1.1% F 2
Indust Matls FSDPX 59.63 +1.1% SELL 1 0.0% -1.1% F 2
Gold FSAGX 38.73 +3.0% SELL 7 7.4% 4.6% F 9
Food & Ag FDFAX 64.59 0.0% SELL 8 0.7% 0.7% F 8
Average 0.0% 27 5.3% 4.0% 8
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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...: 19 22
% of Total......: 46% 54%
Ave Days Elapsed: 107 151
Ave High Profit.: +10% +18%
Ave Profit......: +7% +10%
Ave Rel to Stop.: +10% -8%
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.
04/30 Cal Price
Close % Days High Today Rel to
Name/Symbol NAV Change Sgnl Elap P/L P/L STOP Stop
---------------------- ------ ------ ---- ---- ------ ------ ------ -------
Devel Comm FSDCX 21.13 +1.3% BUY 0 0.0% 7.7% 19.02 +11.1%
Defnc/Aerosp FSDAX 78.41 -0.1% BUY 5 0.0% -0.6% 70.97 +10.5%
Technology FSPTX 73.16 +0.2% BUY 5 0.5% 0.5% 65.84 +11.1%
Automotive FSAVX 37.51 +0.2% BUY 9 3.2% 3.2% 33.76 +11.1%
Computers FDCPX 43.24 -1.3% BUY 9 1.5% 0.1% 39.43 +9.7%
Business Svc FBSOX 16.43 +0.3% BUY 12 5.3% 5.3% 14.79 +11.1%
Envir Svcs FSLEX 18.37 -0.2% BUY 12 0.0% -1.3% 16.76 +9.6%
Softwr/Compt FSCSX 74.22 0.0% BUY 12 2.0% 1.9% 66.82 +11.1%
Utilities FSUTX 60.75 0.0% BUY 12 0.1% -1.8% 55.70 +9.1%
Indust Equip FSCGX 33.48 +0.2% BUY 26 0.7% 0.3% 30.27 +10.6%
Chemical FSCHX 85.65 +1.1% BUY 27 10.2% 2.9% 79.72 +7.4%
Natural Res FNARX 40.49 +0.8% BUY 27 11.8% 5.9% 36.41 +11.2%
Energy FSENX 67.69 +0.5% BUY 28 12.4% 6.6% 60.40 +12.1%
Const/Housng FSHOX 34.14 -2.1% BUY 29 1.4% -1.9% 31.73 +7.6%
Energy Svcs FSESX 100.79 +1.0% BUY 29 16.7% 10.7% 88.96 +13.3%
Cyclical Ind FCYIX 21.72 0.0% BUY 64 2.8% 2.5% 19.59 +10.9%
Natural Gas FSNGX 51.50 +0.4% BUY 86 20.7% 15.3% 44.86 +14.8%
Indust Matls FSDPX 59.63 +1.1% BUY 89 10.7% 5.4% 56.01 +6.5%
Food & Ag FDFAX 64.59 0.0% BUY 1553 81.4% 72.9% 60.98 +5.9%
Gold FSAGX 38.73 +3.0% SELL 6 3.8% 0.9% 41.38 -6.4%
Medical Eqp FSMEX 23.99 -0.7% SELL 51 0.1% -7.7% 24.48 -2.0%
Health Care FSPHX 104.97 +0.3% SELL 82 10.3% 5.5% 111.65 -6.0%
Medical Del FSHCX 40.67 +0.1% SELL 85 20.5% 14.3% 45.47 -10.6%
Pharmaceutcl FPHAX 10.11 0.0% SELL 98 9.7% 6.4% 10.76 -6.0%
Brokerage FSLBX 57.68 +0.1% SELL 117 14.9% 4.0% 59.90 -3.7%
Paper/Forest FSPFX 27.06 -0.9% SELL 117 11.4% 8.2% 29.90 -9.5%
Leisure FDLSX 71.11 +0.3% SELL 118 11.5% 4.2% 73.12 -2.7%
Biotech FBIOX 62.38 -0.3% SELL 135 13.6% 5.5% 65.05 -4.1%
Wireless FWRLX 7.54 +0.5% SELL 135 20.3% 8.3% 7.74 -2.5%
Electronics FSELX 40.43 -1.0% SELL 170 21.2% 12.1% 42.42 -4.7%
Networking FNINX 2.13 +0.9% SELL 170 30.4% 18.1% 2.27 -6.3%
Air Transprt FSAIX 32.71 +0.2% SELL 173 27.0% 21.0% 37.31 -12.3%
Consumer Ind FSCPX 20.02 -1.0% SELL 173 14.0% 6.9% 21.09 -5.1%
Retailing FSRPX 38.52 -2.0% SELL 173 15.3% 5.1% 40.43 -4.7%
Telecomm FSTCX 44.81 +0.3% SELL 175 26.8% 16.7% 47.91 -6.5%
Insurance FSPCX 53.11 -0.5% SELL 177 22.8% 15.9% 59.00 -10.0%
Financl Svcs FIDSX 86.39 -1.0% SELL 180 24.5% 14.8% 94.05 -8.1%
Banking FSRBX 22.69 -0.4% SELL 188 25.9% 16.9% 24.92 -8.9%
Transport FSRFX 45.16 -0.2% SELL 259 13.9% 2.1% 45.39 -0.5%
Multimedia FBMPX 34.34 -0.3% SELL 260 16.5% 11.5% 36.37 -5.6%
Home Finance FSVLX 25.26 -1.3% SELL 281 47.0% 37.9% 30.68 -17.7%
Average 0.0% 131 14.2% 8.9% +1.2%
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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...: 35 6 19 22
% of Total......: 85% 15% 46% 54%
Ave Days Elapsed: 31 3 107 151
Ave High Profit.: +6% +1% +10% +18%
Ave Profit......: +5% +1% +7% +10%
Ave Rel to Stop.: +10% -8%
Percentage of PMOs Rising ..........: 68%
Percentage of PMOs Above Zero.......: 68%
|-- 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 Warn! BUY 2 +2.2% +2.2% SELL 173 +27.0% +21.0%
Automotive BUY 14 +6.5% +6.5% BUY 9 +3.3% +3.3%
Banking Warn! BUY 6 +2.4% +0.9% SELL 188 +25.9% +16.9%
Biotech Warn! BUY 36 +5.7% +2.5% SELL 135 +13.7% +5.5%
Brokerage Warn! BUY 13 +2.6% +2.4% SELL 117 +14.9% +4.0%
Business Svc BUY 37 +9.2% +9.2% BUY 12 +5.3% +5.3%
Chemical Warn! SELL 1 0.0% -1.1% BUY 27 +10.2% +2.9%
Computers BUY 78 +12.7% +11.2% BUY 9 +1.5% +0.1%
Const/Housng BUY 13 +3.2% -0.1% BUY 29 +1.4% -1.9%
Consumer Ind Warn! BUY 12 +1.7% +0.6% SELL 173 +14.0% +6.9%
Cyclical Ind BUY 14 +2.3% +2.0% BUY 64 +2.8% +2.6%
Defnc/Aerosp BUY 35 +8.7% +8.0% BUY 5 0.0% -0.6%
Devel Comm BUY 37 +9.3% +9.3% * BUY 0 0.0% +7.7%
Electronics Warn! BUY 90 +6.7% +5.3% SELL 170 +21.2% +12.1%
Energy BUY 29 +14.1% +8.2% BUY 28 +12.4% +6.6%
Energy Svcs BUY 34 +20.9% +14.7% BUY 29 +16.7% +10.7%
Envir Svcs BUY 36 +5.9% +4.4% BUY 12 0.0% -1.3%
Financl Svcs Warn! BUY 41 +1.6% -0.1% SELL 180 +24.5% +14.8%
Food & Ag Warn! SELL 8 +0.7% +0.7% BUY 1553 +81.4% +72.9%
Gold SELL 7 +7.4% +4.6% SELL 6 +3.8% +1.0%
Health Care Warn! BUY 34 +2.6% +1.7% SELL 82 +10.3% +5.5%
Home Finance Warn! BUY 5 0.0% -3.1% SELL 281 +47.0% +37.9%
Indust Equip BUY 12 +0.9% +0.5% BUY 26 +0.8% +0.3%
Indust Matls Warn! SELL 1 0.0% -1.1% BUY 89 +10.7% +5.4%
Insurance Warn! BUY 41 +3.7% +0.9% SELL 177 +22.8% +15.9%
Leisure Warn! BUY 12 +1.8% +1.8% SELL 118 +11.5% +4.2%
Medical Del Warn! BUY 29 +2.3% +1.7% SELL 85 +20.5% +14.3%
Medical Eqp Warn! BUY 36 +3.6% +2.9% SELL 51 +0.1% -7.7%
Multimedia Warn! BUY 12 +1.1% +0.8% SELL 260 +16.5% +11.5%
Natural Gas Warn! *SELL 0 0.0% +6.2% BUY 86 +20.7% +15.3%
Natural Res BUY 28 +12.4% +6.4% BUY 27 +11.9% +5.9%
Networking Warn! BUY 37 +10.9% +10.9% SELL 170 +30.4% +18.1%
Paper/Forest Sell? *SELL 0 0.0% -3.4% SELL 117 +11.4% +8.2%
Pharmaceutcl Warn! BUY 41 +1.4% -0.3% SELL 98 +9.7% +6.4%
Retailing Warn! BUY 41 +6.0% +3.8% SELL 173 +15.3% +5.1%
Softwr/Compt BUY 43 +12.2% +12.2% BUY 12 +2.0% +1.9%
Technology BUY 37 +10.4% +10.4% BUY 5 +0.5% +0.5%
Telecomm Warn! BUY 37 +5.8% +5.8% SELL 175 +26.8% +16.7%
Transport Warn! BUY 36 +2.8% +2.5% SELL 259 +13.9% +2.1%
Utilities BUY 34 +8.1% +6.1% BUY 12 +0.1% -1.8%
Wireless Warn! BUY 36 +6.4% +6.4% SELL 135 +20.3% +8.3%
Average 27 +5.3% +4.0% 131 +14.2% +8.9%
*****************************************************************************
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 Wednesday 4/30/2008
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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