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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (7977)6/14/2001 11:08:09 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Wednesday, June 13th, 2001:

Regular Series:

SPX Long - NOVA 318.6 Million**BULLISH
SPX Short- URSA 230.6 Million
NDX Long - OTC 1243.1 BILLION
NDX Short- Arktos 67.6 Million

XAU Precious Metals 43.8 Million
Banking 57.4 Million
Biotechnology 446.1 Million**BEARISH
Money Market 1,403 BILLION**BULLISH Oversold

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 78.3 Million**BULLISH
SPX Short- TEMPEST 60.4 Million

NDX Long - VELOCITY 151.1 Million
NDX Short- VENTURE 68.7 Million

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

In mid to late May I said June would be ugly and confirmed by the muck of mercury retrograde. I blindsided myself by tracking cycle highs and lows near the end of the month and went long at the worst possible time.

Now I am riding this out in the Dynamic Series as we are near a short term low as we are oversold in MM levels and hopefully approaching double oversold levels after today's close of 1.6 Billion.

XAU Precious Metals continues to hold its own.

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

Best Regards, J.T.
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