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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8164)7/17/2001 11:53:22 PM
From: J.T.  Read Replies (1) of 19219
 
Rydex Total Assets Update for Tuesday, July 17th 2001:

Regular Series:

SPX Long - NOVA 285.0 Million**BULLISH
SPX Short- URSA 229.9 Million
NDX Long - OTC 1.151 BILLION**BULLISH
NDX Short- Arktos 64.7 Million

XAU Precious Metals 30.1 Million**BULLISH
Banking 54.3 Million**BULLISH
Biotech 325.1 Million**BULLISH
Money Market 1,384 BILLION**BULLISH


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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 107.0 Million
SPX Short- TEMPEST 68.7 Million

NDX Long - VELOCITY 167.9 Million
NDX Short- VENTURE 67.2 Million

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

I have never seen spx long short titan/tempest flip TA positions faster than flippin pancakes in one trading day as happened today. A negative. We may work this off tomorrow as it is push pull everyday in war b/w Bull and Bear.

Money Market levels still remain near oversold so we have higher to run in this rally. But back and forth action whipsaws the mutual fund day traders vs position traders like me who patiently wait this out.

A down day tomorrow, if it materializes, brings the MM levels back above oversold again and would smoothen out the wild swings in spx titan tempest money flows.

The trend will remain higher stairstep action from the lows booked in early April with 2 steps forward and 1 step back until sentiment dictates otherwise.

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