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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (5516)12/11/2000 11:36:32 AM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Friday, December 8th (late):


Regular Series:

SPX Long - NOVA     480.8  Million
SPX Short- URSA     226.9  Million

NDX Long - OTC      2,364  BILLION
NDX Short- Arktos   91.0   Million

XAU Precious Metals 48.9   Million 
Biotechnology       614    Million
Money Market        847    Million***

*********************************************

Dynamic Series (200% correlation)

SPX Long - TITAN    109.1  Million
SPX Short- TEMPEST  20.7   Million 

NDX Long - VELOCITY 176.6  Million
NDX Short- VENTURE  19.4   Million

*********************************************

1) Money Market levels on HIGH NEGATIVE ALERT. Not only did it blow through below 1 Billion in total assets. But it blew below 900 million. And if the market closes strong like it is up right now they will sell this rally hard once the news is out of Bush victory. If vote is extended and Gore wins S.C ruling - look out below. Either way the market will sell. EXTREMELY BEARISH.

2)SPX Short URSA banging on new 52 week lows. One close below 200 million and this market is toast for any meaningful rally the rest of this year. BEARISH.

3)NDX OTC closing in back above 2.4 Billion. Those who read MITA and Rydex update know full well I have bechmarked 2.4 Billion total assets as key. We have been below 2.4 since this market broke from below COMP 3,000 - now it looks like we will get this first close above 2.4 billion today if the market closes strong. For me this is negative.

4)Look at the double your money pain long funds. They melted up before the close on Friday if this money continues to build long - look for these gains to ge twiped out in a hurry.

In short - I would look to sell this rally to lock in any potential gains. Market is self discounting machine and already has Bush the winner.

Best Regards, J.T.
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