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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8116)7/14/2001 12:11:32 PM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Friday, July 13th 2001:

Regular Series:

SPX Long - NOVA 285.0 Million**BULLISH
SPX Short- URSA 225.2 Million
NDX Long - OTC 1170 BILLION**BULLISH
NDX Short- Arktos 61.7 Million**BEARISH

XAU Precious Metals 29.8 Million**BULLISH
Banking 47.3 Million**BULLISH
Biotech 349.0 Million
Money Market 1,410 BILLION**Bullish - Oversold


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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 88.7 Million**BULLISH
SPX Short- TEMPEST 65.8 Million

NDX Long - VELOCITY 180.0 Million
NDX Short- VENTURE 78.3 Million**BULLISH

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

Rydex Sentiment numbers extremely BULLISH given the recent reversal the last two days. Bullish position everywhere except Arktos which is the least sentiment responsive to all Bull/Bear Funds.

Money Market levels back above oversold as the masses believe the first launch coming outta da hole was a fluke.
I got news for da Bears. IT AIN"T NO FLUKE. We are going higher through the rest of July until these numbers exhibit Bullish exubberance which is non existent right now.

Any minor pullback, if it is to materialize, is to be bought with reckless abandon with stop losses 10% below buy in levels. This is a sweet spot for the market time to lock and load and put the dry powder to work.

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

Best Regards, J.T.
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