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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (3692)7/3/2000 4:44:41 PM
From: J.T.  Read Replies (1) of 19219
 
Rydex Total Assets Update for Monday, July 3rd:


SPX Long - NOVA 652 Million
SPX Short- URSA 278 Million

NDX Long - OTC 3,482 BILLION
NDX Short- Arktos 90 Million

XAU Precious Metals 54 Million
Money Market 890 Million

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On this countertrend bounce, we should see SPX Long NOVA get back above 700 million in the next trading day or two.

Notice how quickly cash in money market gets put to work LONG on an easy non whipsaw day call. It was an up day affair from the first hour on, unlike Friday which created whipsaw action in the last 45 minutes when the deadline to make decisons to switch before close nears. Another up day on Wednesday like today will see money market assets shrink below 825 million in assets.

We will go along for the rally ride in NDX Long OTC for the next trading day or two on coat tails of new economy indices predicated off of PEG.

Have a great independence day - part II.

Best Regards, J.T.
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