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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (7878)5/25/2001 9:53:23 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Thursday, May 24th, 2001:

These numbers verified thru trading desk and
significantly different from hotline number.

Regular Series:

SPX Long - NOVA 436.1 Million**BEARISH
SPX Short- URSA 201.5 Million**BEARISH**near new 52 week low

NDX Long - OTC 1427.4 BILLION**BEARISH**near 3 mo high
NDX Short- Arktos 53.5 Million**BEARISH**near new 52 week low

XAU Precious Metals 56.4 Million
Banking 47.3 Million
Biotechnology 437.0 Million**BEARISH 3 + mo high
Money Market 1,093 BILLION

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

Dynamic Series (200% correlation)

SPX Long - TITAN 110.0 Million**BEARISH
SPX Short- TEMPEST 59.9 Million

NDX Long - VELOCITY 232.1 Million**BEARISH near 4 mo high
NDX Short- VENTURE 56.3 Million

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

Regular Series: 100% XAU Precious Metals
Dynamic Series: 100% Long SPX TITAN

Dynamic Series switch results in loss of 0.7%
Regular Series switch results in loss of 0.5%

Year To Date Returns:

Dynamic Series: 24.8%
Regular Series: 11.2%

Clearly these sentiment numbers are BEARISH and
suggest any further upside in the broad market
into next week will be limited at best. This stint
on the Long side could last as little as 1 day if
we can book smart gains today.



Best Regards, J.T.
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