AlphaProfit Sector Investors' Newsletter: April Indicator Update

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AlphaProfit Newsletter: April Indicator Update
April 2, 2007

Dear Valued Subscriber,

The AlphaProfit™ model portfolio returns as of March 31, 2007 are as follows:

	Mar. 2007	1H2007*	1 Year	3 Year	Sep. 2003 Inception
AlphaProfit Focus™ Model Portfolio	0.5%	2.4%	6.9%	67.2%	117.6%
AlphaProfit Core™ Model Portfolio	0.8%	1.1%	9.7%	43.8%	75.2%
DJ Wilshire 5000® Total Market Index	1.1%	1.5%	11.4%	37.2%	58.3%

^* Dec. 31, 2006 to Mar. 31, 2007

Concerns over the impact of rising mortgage defaults on the economy dominated investor sentiment for most of March. Following a jittery start, the equity market stabilized and rallied after Treasury Secretary Henry Paulson as well as mortgage bond underwriters put out reassuring words. The rally showed signs of losing vigor towards the end of the month when key housing indicators along with rising oil prices renewed economy-related concerns.

March was a relatively quiet month for the industry group funds included in the AlphaProfit model portfolios. Fidelity Select Software & Computer Services (FSCSX) and Fidelity Select Computers (FDCPX) recorded modest gains while Fidelity Select Paper & Forest Products (FSPFX) and Fidelity Select Gold (FSAGX) recorded modest losses.

In computer software and hardware, Oracle reported a strong quarter and Apple launched its TV product. Weakness in the housing group pressured lumber prices and impacted share price performance of forest products companies.

The sell-off in emerging marketing during the early part of March negatively impacted gold mining stocks as investors sold gold to retreat into cash. Rising oil prices however helped gold recoup most of the losses by month-end.

The spread in returns across different capitalizations was not particularly noteworthy as large-cap stocks fared just a tad better than small-cap and mid-cap stocks. The Spartan 500 Index fund included in the Core model portfolio serves to track the large-cap Standard & Poor's 500 index. This fund essentially matched the performance of the DJ Wilshire 5000 model portfolio benchmark.

The model portfolio compositions are available in the Subscriber Login area of the web site. We are not making any changes to the model portfolios at the present time. The funds included in the model portfolios are equally attractive and none of the funds carries a Favored Buy rating.

Maintaining the AlphaProfit Sector Portfolio Indicator at 'Buy on Dips'.

Equity prices appear to have stabilized somewhat after the sell-off in late February. While money-flow into retirement accounts ahead of the April 17 deadline can help equity prices in the near-term, rising tensions vis-à-vis Iran and possibilities for negative pre-announcements ahead of the first quarter earnings reporting season pose risks.

The U. S. economy appears to be showing some signs of renewed vigor. It remains to be seen if such strength can endure and help earnings of technology companies.

Against this mixed backdrop, we remain cautious in our outlook for equity prices in the near-term. We maintain the AlphaProfit Sector Portfolio Indicator at 'Buy on Dips', the mid-point of the three-point scale. Subscribers getting started in tracking the AlphaProfit model portfolios or adding capital to their investment accounts may want to invest cash during periods of weakness rather than periods of strength.

We welcome your comments.

Best regards,
Sam Subramanian
AlphaProfit Investments, LLC
Ideas. Insights. Results.
http://www.alphaprofit.com

Notes: The AlphaProfit Sector Investors' Newsletter™ is for information purposes only. AlphaProfit Investments, LLC is not soliciting any subscriber to buy or sell any security. Nothing herein should be construed as an offer to buy or sell securities or to give individual investment advice. Before buying any mutual fund, read its prospectus carefully. AlphaProfit Investments, LLC cannot and does not give any assurance that the present or future model portfolio changes will be profitable. Past performance is not a guarantee for future results. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind. AlphaProfit Investments, LLC is not responsible for any errors or omissions. AlphaProfit Investments, LLC neither is affiliated with nor receives any compensation from Fidelity Investments. Please review our Terms and Conditions of Use and Subscriber Agreement which is available on our website at www.alphaprofit.com; they govern your relationship with AlphaProfit Investments, LLC, including, but not by way of limitation, use of this newsletter. No part of the AlphaProfit Information may be reproduced or re-transmitted in any manner without written permission of AlphaProfit Investments, LLC.