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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (3419)6/5/2000 9:33:00 AM
From: J.T.  Read Replies (1) of 19219
 
Rydex Total Assets Update for Friday June 2nd:

SPX Long - NOVA 680 Million
SPX Short- URSA 314 Million

NDX Long - OTC 3.232 BILLION
NDX Short- Arktos 107 Million

XAU Index - Precious Metals- 58 Million (from 51 Million)
Money Market- 1.067 BILLION

Note Rydex OTC total assets haven't been this high since 4/28 and 5/1. Short Funds have flattened out. Look for a pullback to consolidate incredible gains over last four trading days. Gold and the XAU Index moved significantly higher Friday and higher close today signals the short term break-out. Further, many question Friday's XAU rally as the the total assets picture portrays. Gold Bullion is up another 2.40 this morning but it is the close that counts.

Best Regards, J.T.
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