SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: J.T. who wrote (9280)11/2/2001 1:34:37 AM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Thursday, November 1st 2001:

Regular Series:

SPX Long - NOVA 267.2 Million**BULLISH
SPX Short- URSA 262.6 Million**BULLISH
NDX Long - OTC 893.7 Million
NDX Short- ARKTOS 91.6 Million**BULLISH

XAU Precious Metals 34.5 Million**BULLISH
Energy 33.7 Million
Banking 16.5 Million**BULLISH
Biotech 374.2 Million**BEARISH
Money Market 1.159 BILLION**BEARISH Lowest Close 6/7/01

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

Dynamic Series (200% correlation to Index)

SPX Long - TITAN 142.2 Million**BEARISH Highest close since 6/2/01
SPX Short- TEMPEST 131.4 Million**BULLISH

NDX Long - VELOCITY 187.9 Million**BEARISH Highest Close since 2/26/01
NDX Short- VENTURE 121.4 Million**BULLISH Near All Time High

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

Technical analysis clashes with Sentiment analysis.

Technicals are Bullish as long as DOW stays above DOW 9,200, SPX above 1,075, COMP stays above 1,720 and NDX stays above 1,400. 5 day RSI confirms Bullishness.

Sentiment is Bearish ala Low MM TA and Dynamic Series High TA in Long SPX TITAN and NDX VELOCITY. But this is offset by high TA in Bear Funds.

I have mentioned a cycle high is due on November 1 (Today) with + 1 day carryover into Friday.

My trades will most likely be 1 day swing trade in rydex.

Regular Series: 100% SPX Long NOVA
Dynamic Series: 100% NDX Long VELOCITY

Best Regards, J.T.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext