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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (7775)5/17/2001 12:09:23 PM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Wednesday, May 16th, 2001: (revised to correct date)

These numbers verified thru trading desk.

Regular Series:

SPX Long - NOVA 382.2 Million
SPX Short- URSA 204.1 Million

NDX Long - OTC 1333.7 BILLION**BEARISH 2 1/2 mo high 3/9
NDX Short- Arktos 90.4 Million**BULLISH 1 1/4 mo hi 4/4


XAU Precious Metals 70.1 Million**BEARISH 1 year high (5/19/00)
Banking 37.4 Million**BULLISH

Biotechnology 404.1 Million
Money Market 1,055 BILLION**near oversold 3 mo high 2/13

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

Dynamic Series (200% correlation)

SPX Long - TITAN 121.0 Million** 2 1/2 week high 5/1
SPX Short- TEMPEST 54.1 Million

NDX Long - VELOCITY 181.8 Million**BEARISH 3 1/2 mo high 21//01
NDX Short- VENTURE 71.1 Million**BULLISH near all time high


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

**We are at a very near-term top today.
**Looking for a pullback hopefully after locking in gains in the long funds today.
**Sentiment reads this as a swing day.
**Divergences everywhere.
**Near term crossroads.
**My read is we pull back 1-3 days (after hitting SPX 1300/ DOW 11,350 intraday today)and then running higher into the end of May.
**June will be UGLY.

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

Best Regards, J.T.
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