ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

I have been sitting in cash since January waiting for a 1000 point Dow down day, or something similar, to jump back in and ride a dead cat bounce. It didn't happen. Now the market has regained all it lost in January, and I missed out.

I didn't want to sit on the sidelines any longer and yesterday bought back in to Health Care FSPHX @ 191.62.

I considered FSCPX, which is the Consumer Discretionary fund available to me (Fidelity 401k plan), and also considered FSUTX, a Utilities sector fund available to me. Both have had gains since the January drop, and both would be candidates to consider if/when the market ever decides to commit to a bear trend.

I believe we are firmly in Stage 5 here, heading to Stage 6;
http://stockcharts.com/public/1842472/tenpp/1

A bear trend has not been convincingly established yet (but its coming), and Health Care funds have been beaten down the past 4 months or so, and have not yet rebounded to their December highs, so I chose to go back to my usual FSPHX. Earnings season is upon us, and the market so far seems to swing back and forth, bull and bear, daily as various results are divulged.

I'm guessing I will 'sell in May and go away', but will let the charts lead me.

Good luck to you.