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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8093)7/11/2001 1:57:41 AM
From: J.T.  Read Replies (1) of 19219
 
Rydex Total Assets Update for Tuesday, July 10th 2001:

Regular Series:

SPX Long - NOVA 268.0 Million**BULLISH
SPX Short- URSA 239.2 Million
NDX Long - OTC 1075 BILLION**BULLISH
NDX Short- Arktos 72.4 Million

XAU Precious Metals 30.9 Million**BULLISH
Banking 40.0 Million**BULLISH

Biotech 350.6 Million
Money Market 1,500 BILLION**BULLISH oversold

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 75.1 Million**BULLISH Inversion
SPX Short- TEMPEST 100.6 Million**BULLISH All time High


NDX Long - VELOCITY 129.3 Million
NDX Short- VENTURE 98.3 Million**BULLISH All time High

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

From a sentiment standpoint, you couldn't ask for much more. The cannon is loaded for the counterassault and reversal back up.

Can we go lower tomorrow still? Of course we can. One more down day like today would finally get MM levels above double oversold level 1.6 Bill once and for all.

Nevertheless, The double you pleasure Bear Funds are at all time highs. The Bear 'bliss sisters' are all lined up as one happy family. It doesn't get much better than that from a Bull perspective.

Time to go buying at the discount sale tomorrow.

By the way, I have never had so many "Bullish" words on a Rydex update as I have today since inception.

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

Best Regards, J.T.
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