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 (10159)2/7/2002 10:43:57 PM
From: J.T.  Read Replies (1) of 19219
 
Rydex Total Assets Update for Thursday, February 7th, 2002: 

****************
Money Market        1.593  BILLION**BULLISH Overbought 

***************
Regular Series: (100% Correlation to Index (Nova 150%))

SPX Long - NOVA     219.5  Million**BULLISH   
SPX Short- URSA     294.8  Million**BULLISH Highest Close
Since 09/21/01 
NDX Long - OTC      814.5  Million**BULLISH Lowest Close 
Since 10/17/01     
NDX Short- ARKTOS   156.0  Million**BULLISH  

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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN     90.9  Million  BULLISH     
SPX Short- TEMPEST  186.4  Million**BULLISH  All Time Highs
NDX Long - VELOCITY 149.9  Million**BULLISH  Lowest Close
 since 10/30/01     
NDX Short- VENTURE  276.1  Million**BULLISH  All Time Highs

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

Sector Funds:  
               
XAU Precious Metals  84.4  Million**BEARISH   
XOI Energy           15.1  Million**BULLISH 
OSX Energy Services  20.8  Million**BULLISH 
BKX Banking          17.1  Million**BULLISH   
BTK Biotech         240.6  Million**BULLISH       
RUT 2000 - MIKROS    34.1  Million**BULLISH
RLX Retail           75.3  Million


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

BKX climbs as high as BKX 809.91 but can't hold the gains yet manages to post a gain at BKX 792.54 Up 5. Still above BKX 780 death row support and any break of this level will lead to massive selling. I would like to see a close above BKX 805 to restore upward momentum.

SOX broke hard today to close at SOX 515.92 down 27. This may be a one day false break below 540 but today's action can not be ignored. Like BKX 780, SOX 500 death row support must be maintained or selling will take on another dimension. For market to do my bidding I would like to see a close back above SOX 532.

COMP also is closing in on my death row support COMP 1,770 as it closed today at COMP 1,782.11 down another 30.

Market Vane down to 34% Bulls from 40% the prior week.

Regular Series: 100% Long NDX OTC
Dynamic Series: 100% Long SPX TITAN

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

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News