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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8048)7/6/2001 11:26:20 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Thursday, July 5th 2001:(REVISED)

Verified thru trading desk.

Regular Series:

SPX Long - NOVA 317.9 Million
SPX Short- URSA 220.4 Million
NDX Long - OTC 1194 BILLION
NDX Short- Arktos 60.9 Million

XAU Precious Metals 26.3 Million**BULLISH near 52 week low
Banking 81.9 Million
Biotech 405.2 Million
Money Market 1,393 BILLION**near oversold

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 75.1 Million**BULLISH Massive capitulation
SPX Short- TEMPEST 85.2 Million**BULLISH Inversion


NDX Long - VELOCITY 166.6 Million**Corrected error
NDX Short- VENTURE 67.0 Million

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

A massive one day shift to Bullish sentimentwise and with after the bell warnings - a gap down outta da box oughta send em packing early. This is the kind of capitulation needed to give the market a chance to pull a reversal northbound rally from deep in the hole. Whether it happens tomorrow or early next week remains to be seen. But the nearterm bottom is within the next few trading days imho.

I would love to see MM levels finally break thru oversold 1.4 level and ideally get above 1.5 Bill or better yet, double oversold 1.6 Bil.

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

Best Regards, J.T.
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