Bear Corner: Energy Services Sector is Gaining Negative Momentum

FSESX

The Fidelity Select Energy Services Fund (FSESX, last change: 0.29%) is one of the weakest performers in our daily technical analysis screen. FSESX has returned -3.6% year-to-date. We would avoid investing in this sector until the price action improves.

 

Technical analysis screens are provided by FidelitySignal.com

Sector Rotation: Energy Services is the New Momentum Leader

FSESX

Our daily technical analysis screen shows that the Fidelity Select Energy Services Fund (FSESX, last change: 1.72%) reached the top momentum ranking position. We highlighted natural resources as one of the most exciting investment areas for the fall of 2012 in our September 7 blog entry. We have seen energy, metals and other natural resources sectors strengthening in the last couple of market sessions and would not be surprised, if natural resources funds continue to perform well.

Technical analysis screens are provided by FidelitySignal.com 

European Stocks Continue Higher, but the Real Action is Now in Natural Resources

FSDPX

The Fidelity Select Materials Fund (FSDPX, last change: 1.70%) moved to its 52-high and shows a bullish price pattern. Natural resources funds across the board show similar bullish momentum, including the Fidelity Select Natural Resources Fund (FNARX, last change: 2.27%) and the Fidelity Select Energy Services Fund (FSESX, last change: 1.88%).

Technical analysis screens are provided by FidelitySignal.com