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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (8130)7/17/2001 12:16:10 PM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Monday, July 16th 2001: (REVISED) 

Regular Series:

SPX Long - NOVA     249.4  Million**BULLISH  
SPX Short- URSA     245.5  Million
NDX Long - OTC      1111   BILLION**BULLISH 
NDX Short- Arktos   71.3   Million 
          
XAU Precious Metals 30.1   Million**BULLISH    
Banking             42.7   Million**BULLISH
Biotech             314.0  Million**BULLISH   
Money Market        1,480  BILLION**BULLISH - Oversold

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN    61.0   Million**BULLISH Inversion  
SPX Short- TEMPEST 112.5   Million**BULLISH All Time High

NDX Long - VELOCITY 151.3  Million 
NDX Short- VENTURE  81.7   Million**BULLISH

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

Rydex Sentiment numbers snort BULLISH and all ducks are now lined up. We still have that open gap from Thursday morning which could possibly be filled but I wouldn't wait given these figures.

Money Market levels remain above oversold and close in on double 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 exuberance which is non existent right now.

If this market decides to coil in a tight range b/w higher highs and higher lows it is possible we could trade in a narrow albeit higher sideways range before we rocket and take off in August. The main point is to buy these beaten down stocks or long "positions" now and just be patient and wait for the market to launch.

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
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