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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (5802)12/27/2000 9:35:24 PM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Wednesday, December 27th:

Regular Series:

SPX Long - NOVA     558.6  Million
SPX Short- URSA     230.0  Million

NDX Long - OTC      1,982` BILLION
NDX Short- Arktos   76.7   Million

XAU Precious Metals 42.5   Million 
Banking             102.5  Million ***New addition***
Biotechnology       535    Million
Money Market        1,075  BILLION

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

Dynamic Series (200% correlation)

SPX Long - TITAN   111.8   Million
SPX Short- TEMPEST  31.1   Million 

NDX Long - VELOCITY 157.4  Million
NDX Short- VENTURE  42.1   Million

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

Both Short Funds in the Regular Series banging on new 52 week lows in total assets "at higher lows". The money continues to be more comfortable on the Long vs. Short side even off this 4 day rally off the bottom.

New addition Banking Total Assets have spiked to an all time high. On December 5th Banking Total Assets were at 21.1 Million when BKX closed at BKX 846.76. On December 21st, when BKX closed at BKX 882.95 Banking Total assets in the Rydex Fund spiked to 80.5 Million. New money has been piling in ever since as BKX closed at its highest level since October 3rd when it closed at BKX 913.60. Today BKX closed at BKX 910.72 up 4.5 points. Right smack on the number we projected from last Friday's update BKX 910. I expect BKX to turn down from these levels right out of the box with BKX at overbought conditions. BKX will drag SPX with it starting tomorrow.

100% Short SPX URSA Fund.

Best Regards, J.T.
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