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