This page will be developed to provide some new approaches to market indicators. Rather than use the traditional indicators which are widely available in print and on the web, my objective will be new ways of looking at what's happening in the investment world.
I am starting with a monthly look at Industry\Sector groups as shown in mutual fund leading gainers. By getting aquainted with the leading funds, and watching the month to month rotation in the winners, we can gain insight to how the stock market is doing overall. So let's get started with the top funds over the last reported month dated March 5,1999:
This first link to Yahoo! gives you the current 3mos, 1yr, 3yr, 5yr and 10yr top equity funds for all categories:
Yahoo! Fund Profile - All Categories Top Performers
This link to Yahoo! gives you the current 3mos, 1yr, 3yr, 5yr and 10yr top sector funds:
Yahoo! Fund Profile - Sector Funds Top Performers
Once we spot the industry\sector leaders, here is the place to check which stocks are rated at the top of each industry group:
Yahoo! Finance--Industry Groups
Commentary on March 5th, 1999 Lists
What stands out to me is the emergence of internet and communication funds in the 3 month and 1 year top listings. Going back over the longer period, you end up with all the Fidelity Select technology related funds ruling the roost. It seems to me that the new leader in sectors will most definitely be from the Internet sector with the communication sector being a strong sector too. I will be making a report each month on the monthly results just after the first of each month
This page was last updated on March 07, 1999