Extraordinarily broad rally lifts financial funds today

All of the Fidelity Select sector funds closed higher today, which is indicative of how broad the stock market rally was. The Fidelity Select Financial Services fund (FIDSX) was one of the top gainers with an incredible 5.31% move. FIDSX is on the verge of breaking the recent seasonal downtrend. However, we caution investors that until FIDSX moves above its 100 day moving average, high volatility can continue.

Fidelity Select Financial Services fund (FIDSX, change: 5.31%)

Fidelity Select Financial Services fund (FIDSX, change: 5.31%)

Mutual fund screens are provided by FidelitySignal.com 

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