Momentum Screen

Track the long-term trends of market-leading sectors

The long-term trends of all 42 Fidelity domestic sector funds are assessed daily using technical indicators. The funds are then rank ordered based on their price momentum. Investments representing the leading bullish sectors (highlighted in blue) are further evaluated on the fund ratings page.

Thu, Aug 17 2017, 21:13 EDT.



Outperformers

Rank* 3 mo. gain Fund name, industry and quote Long-term trend
1.
   
6.76% Fidelity Select Defense and Aerospace (FSDAX)
Industrials,   Quote: 150.13 -2.14 (-1.43%)
Bullish
2.
    +1
6.52% Fidelity Select Utilities (FSUTX)
Utilities,   Quote: 83.84 -0.87 (-1.04%)
Bullish
3.
    -1
6.16% Fidelity Select Brokerage and Inv Mgmt (FSLBX)
Financials,   Quote: 73.73 -1.44 (-1.95%)
Bullish
4.
    +2
5.54% Fidelity Select Biotechnology (FBIOX)
Health Care,   Quote: 207.79 -3.91 (-1.88%)
Bullish
5.
    -1
5.38% Fidelity Select Consumer Finance (FSVLX)
Financials,   Quote: 14.31 -0.25 (-1.75%)
Bullish
6.
    +3
5.32% Fidelity Select IT Services (FBSOX)
Technology,   Quote: 49.11 -0.83 (-1.69%)
Bullish
7.
    +3
4.79% Fidelity Select Technology (FSPTX)
Technology,   Quote: 169.47 -3.12 (-1.84%)
Bullish
8.
    -3
4.68% Fidelity Select Financial Services (FIDSX)
Financials,   Quote: 102.38 -1.9 (-1.86%)
Bullish
9.
    -1
4.67% Fidelity Select Insurance (FSPCX)
Financials,   Quote: 83.79 -1.39 (-1.66%)
Bullish
10.
    +1
4.58% Fidelity Select Health Care (FSPHX)
Health Care,   Quote: 220.45 -2.5 (-1.13%)
Bullish
Alert: trend can change
11.
    +1
4.41% New Outperformer  
Fidelity Select Medical Equipment (FSMEX)
Health Care,   Quote: 45.47 -0.41 (-0.9%)
Bullish
Alert: trend can change
12.
    -5
3.91% Fidelity Select Air Transportation (FSAIX)
Industrials,   Quote: 79.19 -2.01 (-2.54%)
Bullish
13.
   
3.8% New Outperformer  
Fidelity Select Telecom & Utils (FIUIX)
Utilities,   Quote: 26.78 -0.31 (-1.16%)
Bullish
    * The rank and the daily change of rank are calculated using the three-month total return, a commonly used measure of price momentum.

Market Performers**

Rank 3 mo. gain Fund name, industry and quote Long-term trend
14.
   
3.34% Fidelity Select Multimedia (FBMPX)
Consumer Cyclical;   Quote: 82.09 -1.48 (-1.8%)
Bullish
15.
   +1
3.14% Fidelity Select Chemicals (FSCHX)
Materials;   Quote: 161.02 -2.79 (-1.73%)
Bullish
Alert: trend can change
16.
   +1
2.9% Fidelity Select Software & Computer Svcs (FSCSX)
Technology;   Quote: 153.3 -2.57 (-1.68%)
Bullish
Alert: trend can change
17.
   +1
2.75% Fidelity Select Materials (FSDPX)
Materials;   Quote: 83.08 -1.4 (-1.69%)
  Bearish
18.
   +5
2.42% Fidelity Select Automotive (FSAVX)
Consumer Cyclical;   Quote: 35.09 -0.58 (-1.65%)
  Bullish
19.
   +1
2.29% Fidelity Select Medical Delivery (FSHCX)
Health Care;   Quote: 89.2 -0.83 (-0.93%)
  Bearish
20.
   -5
2.02% Fidelity Select Transportation (FSRFX)
Industrials;   Quote: 92.01 -2.28 (-2.48%)
  Bullish
Alert: trend can change
21.
   -2
1.8% Fidelity 500 Index (FUSEX)
Benchmark;   Quote: 85.19 -1.33 (-1.56%)
  Bullish
Alert: trend can change
22.
   +14
1.67%New Market Performer  
Fidelity Select Gold (FSAGX)
Precious Metals;   Quote: 20.72 0 (0%)
  Bearish
23.
   +2
1.31% Fidelity Real Estate Investment (FRESX)
Real Estate;   Quote: 42.45 -0.25 (-0.59%)
  Bullish
24.
   
0.92% Fidelity Select Wireless (FWRLX)
Telecom;   Quote: 9.85 -0.16 (-1.62%)
  Bullish
25.
   -3
0.91% Fidelity Select Telecommunications (FSTCX)
Telecom;   Quote: 67.98 -1.41 (-2.07%)
  Bullish
26.
   
0.35% Fidelity Global Commodity Stock (FFGCX)
Materials;   Quote: 11.52 -0.17 (-1.48%)
  Bullish
    ** A fund is considered a market performer when its three-month return is within +/- 2% of the return of the benchmark S&P 500 index fund.

Underperformers

Rank 3 mo. gain Fund name, industry and quote Long-term trend
27.
    +2
-0.27% Fidelity Select Pharmaceuticals (FPHAX)
Health Care,   Quote: 18.48 -0.19 (-1.03%)
  Bearish
28.
    -1
-0.33% Fidelity Select Environment & Alt Energy (FSLEX)
Industrials,   Quote: 24.14 -0.41 (-1.7%)
  Bearish
29.
    -8
-0.35% Fidelity Select Banking (FSRBX)
Financials,   Quote: 31.56 -0.73 (-2.31%)
  Bearish
30.
   
-0.8% Fidelity Select Industrial Equipment (FSCGX)
Industrials,   Quote: 39.79 -0.54 (-1.36%)
New Bearish Trend
31.
   
-0.92% Fidelity Select Computers (FDCPX)
Technology,   Quote: 86.55 -1.6 (-1.85%)
  Bullish
32.
    +3
-1.23% Fidelity Select Leisure (FDLSX)
Consumer Cyclical,   Quote: 155.43 -1.97 (-1.27%)
  Bearish
33.
    -5
-1.25% Fidelity Select Semiconductors (FSELX)
Technology,   Quote: 103.39 -2.53 (-2.45%)
  Bearish
34.
   
-1.35% Fidelity Select Consumer Discretionary (FSCPX)
Consumer Cyclical,   Quote: 37.9 -0.6 (-1.58%)
  Bearish
35.
    -2
-1.67% Fidelity Select Industrials (FCYIX)
Industrials,   Quote: 32.91 -0.52 (-1.58%)
  Bearish
36.
    +2
-2.34% Fidelity Select Construction & Housing (FSHOX)
Real Estate,   Quote: 61.04 -0.79 (-1.29%)
  Bearish
37.
    -5
-2.37% Fidelity Select Communications Equipment (FSDCX)
Technology,   Quote: 33.35 -0.7 (-2.1%)
  Bearish
38.
    -1
-3.1% Fidelity Select Consumer Staples (FDFAX)
Consumer Staples,   Quote: 96.7 -1.34 (-1.39%)
  Bearish
Bottom 5 Underperformers
Rank 3 mo. Fund name, Industry and Quote Trend
39.
   
-3.6% Fidelity Select Retailing (FSRPX)
Consumer Cyclical,   Quote: 115.8 -1.87 (-1.61%)
  Bearish
40.
   
-11.86% Fidelity Select Natural Resources (FNARX)
Energy,   Quote: 24.52 -0.34 (-1.39%)
  Bearish
41.
   
-13.17% Fidelity Select Energy (FSENX)
Energy,   Quote: 36.14 -0.53 (-1.47%)
  Bearish
42.
   
-14.4% Fidelity Select Natural Gas (FSNGX)
Energy,   Quote: 21.7 -0.26 (-1.2%)
  Bearish
43.
   
-17.02% Fidelity Select Energy Service (FSESX)
Energy,   Quote: 40.13 -0.6 (-1.5%)
  Bearish

Explain

Relative strength is a technical analysis method that calculates the strongest performers, compared to the overall market.

Relative Strength Ranking

First, we determine the price momentum for each sector fund using the Rate of Change (RoC) indicator. RoC measures the total return of each fund over a period of time. Since our focus is to capture seasonal changes of the equity market, we use the three-month total return for this calculation.

Next, we compare the momentum of the sector funds to the benchmark S&P 500 index fund to identify outperforming and underperforming investments.


Changing Market Conditions

Our sector rotation strategy aims at investing in the fastest growing industry groups during a given stage of the market cycle. However, shifts in sentiment can occur rapidly, often due to economic and geopolitical events, or industry specific catalysts.

The changing market conditions make it important to keep an eye on the daily changes of both the relative strength and the long-term trends of all sectors in order to generate new investment ideas and to avoid risks.



What to look for?   Examples of new investment opportunities include outperformers that turn from bearish to bullish, or bullish funds that become outperformers. When the equity market turns negative, we also keep track of sector funds that become underperformers and bullish sectors that suddenly start a correction.

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© 2017 Axiomix, Inc.

Axiomix, Inc. is not a registered investment adviser. The material provided on this website is for general informational purposes only and is not intended as investment advice. Past performance does not guarantee future results.