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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (6778)2/28/2001 10:30:48 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Tuesday, February 27th 2001 (REVISED):

Regular Series:

SPX Long - NOVA 345.8 Million**near new 52 week low
SPX Short- URSA 234.8 Million

NDX Long - OTC 1,477 BILLION**new 52 week low
NDX Short- Arktos 78.6 Million

XAU Precious Metals 51.1 Million**above 50 mill
Banking 68.6 Million
Biotechnology 404.7 Million
Money Market 1,533 BILLION**oversold

*******************************************
Dynamic Series (200% correlation)

SPX Long - TITAN 88.6 Million**signicant alteration
SPX Short- TEMPEST 23.7 Million

NDX Long - VELOCITY 140.3 Million
NDX Short- VENTURE 23.2 Million

*********************************************
This Revised data is now verified thru trading.

SPX Long TA data significantly different again from last night's posted data. BULLISH....

XAU Precious Metals TA plays catch-up and moves above the 50 million TA level I mentioned in last nights update. Gold Bullion closed right underneath critical resistance the 269 spot level. XAU 2nd close above XAU 53.50 level is BULLISH. It closed at XAU 53.55 up 2 cents.

Remember that lead gold sled dog index the JSE Gold index I brought up? This pup has broken out big a break-away gap the last two days JSE closed at JSE 984 and JSE 1,095 respecitvely. Any XAU pullbacks or gold pullbacks should be bought. I would like to see the XAU relieve some of the triple overbought 5 day rsi levels now at 89+...

SOX and IIX bottom fishers will most likely come in tomorrow and today could be a one day false break. Rydex Sector Funds Electronics and Internet TA at capitulation levels...BIGTIME

SOX 569.22 back above SOX 580 and IIX 221.35 back above IIX 230 tomorrow...

Regular Series: Long 100% NDX OTC
Dynamic Series: Long 100% SPX TITAN

Best Regards, J.T.
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