SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: J.T. who wrote (5787)12/27/2000 1:20:34 AM
From: J.T.  Read Replies (4) of 19219
 
Rydex Total Assets Update for Tuesday, December 26th:

Regular Series:

SPX Long - NOVA     542.4  Million
SPX Short- URSA     244.8  Million

NDX Long - OTC      1,905` BILLION
NDX Short- Arktos   81.3   Million

XAU Precious Metals 43.5   Million 
Biotechnology       537    Million
Money Market        1,114  BILLION

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

Dynamic Series (200% correlation)

SPX Long - TITAN   105.5   Million
SPX Short- TEMPEST  29.8   Million 

NDX Long - VELOCITY 143.6  Million
NDX Short- VENTURE  41.7   Million

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

The venus fly trap is set again. The rug is going to get pulled from da bulls. This time compliments of BKX. The money has piled in long into overbought levels as measured by the 5 day rsi levels and rydex bkx jam job in total assets as BKX closed up another 10 + points to BKX 906.06 with an intraday high of BKX 907.52. This is right into our BKX 910 zone from our last Rydex Update MITA 5,787:

...<BKX Analysis:

Watch the BKX from todays close and into Tuesday's intraday high. A 5 minute chart shows this rounding top as BKX did not participate in the final 15 minute melt-up in the market today . It simply stalled. I am anticipating an intrady high around BKX 910 before it turns back down>...

The only thing to play out is if todays intraday high was the level where we turn back down or if it is sometime early on Wednesday. No matter, the BKX is going to take down the SPX back below SPX 1,300 and into this SPX 1,278 - 1,280 gap level. Today the SPX closed at SPX 1,315.19. The SPX 15 minute chart shows the small gap:

charts-d.quote.com:443/977894012630?User=demo&Pswd=demo&DataType=GIF&Symbol=CME:SP01H&Interval=30&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10&BgColor=0.255.0&TBgColor=0.255.0

On the SPH March Futures contract the gap to get filled is at SPH 1,290 - 1,300 level the 10 miute chart:

charts-d.quote.com:443/977897766410?User=demo&Pswd=demo&DataType=GIF&Symbol=CME:SP01H&Interval=10&Ht=400&Wd=600&Display=0&Study=RSI&Param1=5&Param2=&Param3=&FontSize=10&BgColor=0.255.0&TBgColor=0.255.0

and 15 minute SPH chart:

charts-d.quote.com:443/977897696430?User=demo&Pswd=demo&DataType=GIF&Symbol=CME:SP01H&Interval=15&Ht=400&Wd=600&Display=0&Study=RSI&Param1=5&Param2=&Param3=&FontSize=10&BgColor=0.255.0&TBgColor=0.255.0

More heartache and disappointment ahead nearterm for long positions.

100% Short SPX URSA Fund

Best regards, J.T.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News