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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (8181)7/20/2001 2:20:14 AM
From: J.T.  Read Replies (4) of 19219
 
Rydex Total Assets Update for Thursday, July 19th 2001:

Regular Series:

SPX Long - NOVA 266.9 Million**BULLISH
SPX Short- URSA 223.9 Million
NDX Long - OTC 1.123 BILLION**BULLISH
NDX Short- Arktos 67.8 Million

XAU Precious Metals 32.8 Million**BULLISH
Banking 43.2 Million**BULLISH
Biotech 325.9 Million**BULLISH
Money Market 1.470 BILLION**BULLISH**Oversold


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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 108.8 Million
SPX Short- TEMPEST 58.0 Million

NDX Long - VELOCITY 153.8 Million
NDX Short- VENTURE 69.4 Million

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

This from Wednesday rydex update:

...<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 (on Thursday). It would set up sentiment even better than today for the reversal into next week and beyond>...

Now as we all know tomorrow is Friday and a New Moon. Markets tend to find near term lows around new moons and tomorrow is no exception with a 1 day carryover into Monday. While MM TA levels still oversold, we still need to work off the Bullish froth in the Dynamic Bull Funds and tomorrow would be the ripe time to send em to da cleaners for da weekend.

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

Best Regards, J.T.
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