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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (8169)7/19/2001 1:21:49 AM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Wednesday, July 18th 2001: 

Regular Series:

SPX Long - NOVA     253.6  Million**BULLISH  
SPX Short- URSA     242.5  Million
NDX Long - OTC      1.099  BILLION**BULLISH 
NDX Short- Arktos   68.1   Million 
          
XAU Precious Metals 33.5   Million**BULLISH    
Banking             47.9   Million**BULLISH
Biotech             328.0  Million**BULLISH   
Money Market        1.521  BILLION**BULLISH**Oversold

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN    81.2   Million**BULLISH  
SPX Short- TEMPEST  70.9   Million

NDX Long - VELOCITY 146.0  Million 
NDX Short- VENTURE  68.3   Million

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

Money Market levels back above oversold levels and now entering April lows territory. And titan/tempest smoothened out as asked for in last nights update:

...<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 boyz jammed the tape with buy market on close orders into the bell as the market was down hard all day and closed with limited losses to whipsaw the daily mutual fund switchers again.

Now what would be perfect is a nasty open downside gap outta da box and an ugly affair all day with a "W" type reversal with less than 15 minutes to go to into the bell that they can't respond to. This type of action might be delayed until Friday if they find a way to close it up at mission central. It would set up sentiment even better than today for the reversal into next week and beyond.

The one wrinkle with rydex continues to be velocity/venture ratio is still to high for the rocket to launch. Ideally, I would like to see long ndx velocity near/below 100 mil and short ndx venture back above 80+ mil. This is the missing ingredient for launch into orbit.

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

Best Regards, J.T.
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