Global Commodity Stocks Entered Bearish Downtrend

Fidelity Global Commodity Stock Fund (FFGCX, last change: -2.74%)

Wall street reacted negatively today after the newly released Fed minutes hinted at slowing the Fed’s bond buying policy that is often referred to as QE3. The largest sell off happened in market sectors related to commodities. That explains why the Fidelity Global Commodity Stock Fund (FFGCX, last change: -2.74%) was one of the weakest performers in our survey of Fidelity funds. FFGCX has moved below the gray trend line on the chart and now it is in a downtrend. We would avoid investments in commodity-related stocks at this point.

 

Buy/sell signals for Fidelity funds are available at FidelitySignal.com 

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