MARKET INDEX LABORATORY, Thursday, June 24, 1999
INDEX Pr Cls Open High Low Close Change %Change 12MO HI 12MO LO
THE MAJORS
DOW 10,667 10,667 10,667 10,471 10,535 - 132 -1.2% 11,107 7,539
SPX 1,333 1,333 1,333 1,308.5 1,316 - 17 -1.3% 1,368 957
OEX 678.5 678.5 678.5 665.5 671 - 7.5 -1.1% 690 471
RUT 447 447 447.5 443 443 - 4 -0.9% 464 310
TRAN 3,379 3,379 3,395.5 3,326 3,326 - 53 -1.6% 3,784 2,345
UTIL 326.5 326.5 326.8 324.4 324.5 - 2 -0.6% 334 272
VIX 21.57 22.25 25.39 21.96 23.67 + 2.1 +9.7% 48.56 16.88
TECHNOLOGY/SEMICONDUCTOR/SOFTWARE
COMP 2,598 2,597 2,598 2,550 2,554 - 44 -1.7% 2,652 1,419
NDX 2,239.5 2,239 2,239 2,181 2,185 -54.5 -2.4% 2,268.7 1,129
MSH 1,117 1,117 1,117 1,084 1,087.5 -29.5 -2.6% 1,139.5 480
PSE 582 582 582 565.5 568 - 14 -2.4% 586.5 278
SOX 475 472 472 454 454.5 -20.5 -4.3% 477 190
CWX 751 751 751 732 737 - 14 -1.9% 748 399
INTERNET/NETWORKING
DOT 588.5 591 591 575.5 576 -12.5 -2.1% 790 144
IIX 302.5 302.5 302.5 293.5 294 - 8.5 -2.8% 358 97
GIN 478.5 478.5 479 462 462.5 - 16 -3.3% 667 114
NWX 568 568 569 553.5 557.5 -10.5 -1.8% 582.5 232
BANKS/BROKERAGE/RETAIL/CONSUMER/DRUGS/CYCLICAL
BKX 862 859 859 838 841 - 21 -2.4% 932 592
XBD 410.5 410.5 413 401.5 402 - 8.5 -2.1% 530 149
RLX 886 886 896 868.5 876 -10.4 -1.2% 966 588
CMR 547 547 547 540.5 543.5 - 3.5 -0.7% 574 444
DRG 349.5 349.5 354 348 353 + 3.5 + 1 % 425 304
CYC 596 596 596 581.5 582.5 -13.5 -2.3% 619 392
OIL/GOLD-SILVER/COMMODITY
XOI 513 513 513 503.5 505 - 8 -7.9% 526 377
OSX 75.5 75.5 76 72.5 72.5 - 3 -3.9% 92 47
XAU 62.5 63 64 62 62 - .5 -1.2% 87 49
CRX 210 210 210.5 206 206 - 4 -1.9% 229 149
30 YR. BOND YIELD
TYX 6.128% - 6.191% 6.121% 6.161%
MARKET INDEX LABORATORY, June 24, 1999 (PAGE 2)
MISCELLANEOUS INDICES
AIRLINES/TOBACCO/CHEMICAL/INSURANCE/YEAR 2000
XAL 163 163 164 161 161 - 2 -1.3% 204 116
TOB 293 293 293 288 288 - 5 -1.7% 326 236
CEX 504.5 504.5 504.5 492 493.5 - 11 -2.2% 547 402
IUX 648.5 648 648 638.5 643.5 - 5 -0.8% 710 471
YTK 207.5 207.5 207.5 201 203 - 4.5 -2.2% 237 144
***PLEASE NOTE***Prognosticating the market is like detective
work. We must be astute in observations looking for clues to market
direction just like detective Columbo sleuthing for evidence in
search of the murderer. We do not want the market to lead us to death
row and be like lambs led to slaughter so we must prepare our
defense and fight the good battle. Ah, Columbo always gets his
perpetrator. And we are on top of this market which goes no where
without us. No sucker punches, no surprises. Let's look at the
details and see what market is telling us. Addendum forthcoming.
Best, J.T.
