For the first time this year, a defensive fund has moved into the top 3 ranked Fidelity Sector Funds.
Current top 5 ranked funds:
- FSAIX (Air Transportation) made a new high today…
- FSRFX (Transportation) just shy of a new high…
- FSUTX (Utilities) made a new high today…
- FSLBX (Brokerage and Investment Management)
- FSPCX (Insurance) just shy of a new high…
The Utilities fund momentum ranking is low but so is its volatility…thus it is replacing some of the higher momentum funds that have become more volatile.
Listed you at Traders Place: http://tradersplace.net/websites/view/web-sites-2/182/woodshedder/ Would appreciate reciprocity.
Anthony
Where does this ranking come from? Does the source have a ranking for ProFunds sector funds, too?
Thanks
Hi Tony, the ranking is proprietary. I could use the same ranking mechanism for ProFunds sector funds as well, except I’ve never tried to get data. If it is on yahoo, no problem. I’ll check it out.