The leaders in the transportation group, the airline stocks, continue to outperform the market with the Fidelity Select Air Transportation (FSAIX, up 2.60%) advancing towards new a new high.
Natural resource funds which hold gold, natural gas and oil companies, moved up impressively today. The strongest move came from the Fidelity Select Gold (FSAGX, up 3.79%) fund. FSAGX will have to rise above it’s 100-day moving average to enter an uptrend.
The strongest international fund today was the Fidelity Canada (FICDX, up 2.44%) fund. This is not surprising as the Canadian economy is one of the largest producers of commodities. FICDX held the recent lows and on the verge of entering an uptrending phase.