Cash is king!

Fidelity mutual funds which invest in international markets continued to decline in the last trading sessions. For example, the Fidelity Europe (FIEUX) fund was down 2.15% on Friday.  Emerging markets around the globe are also in a downtrend with the Fidelity Emerging Markets (FEMKX) fund down 1.91%.

The uptrend screen* of Fidelity’s domestic funds show few bright spots too. Perhaps the most interesting uptrend is the Fidelity Real Estate Income fund (FRIFX). This fund also provides an attractive 4.8% yield.

* The FidelityTrends uptrend screen identifies funds which trade above their 100 day moving average, a commonly used technical indicator for classifying bullish trends.

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