Equity Rally Accelerates; New Buying Opportunities

Both the Dow Jones Industrial Average and the S&P 500 indexes closed at record high levels on Friday. The catalyst was the announcement by the Bank of Japan to substantially increase its Quantitative Easing program, which was expanded to include the purchase of equity and real estate investment trust assets.

As markets now show signs of stabilization, in my view, two Fidelity mutual funds stand out as new investment opportunities: the Select Wireless Communications Fund (FWRLX) and the Low Priced Stock Fund (FLPSX). Both funds pulled back during the market correction, but have moved back above their respective moving averages and their charts show a bullish price pattern.

fwrlx

flpsx

Read about investment strategies involving these funds at FidelitySignal.com

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