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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (11094)3/9/2002 10:25:49 AM
From: J.T.  Read Replies (2) of 19219
 
Rydex Total Assets Update for Friday, March 8th, 2002:

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

Money Market 1.284 BILLION

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

SPX Long - NOVA 324.9 Million
SPX Short- URSA 226.2 Million
NDX Long - OTC 922.1 Million
NDX Short- ARKTOS 94.9 Million

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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN 145.6 Million
SPX Short- TEMPEST 165.5 Million
NDX Long - VELOCITY 284.5 Million
NDX Short- VENTURE 149.5 Million
*************

Sector Funds:

XAU Precious Metals 69.4 Million**BEARISH Breakdown in Process
XOI Energy 45.6 Million**BEARISH
OSX Energy Services 64.1 Million**BEARISH Double Overbought
BKX Banking 27.3 Million
BTK Biotech 262.2 Million**BULLISH
RUT 2000 - MIKROS 123.0 Million
RLX Retail 91.4 Million

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

XAU break well past mid-innings now as it closes down another $1.61 down 2.58% to close at XAU 60.90. This is the lowest close since January 30th when it closed at XAU 60.42. There are two small gaps one of which may get filled at XAU 58.57 - 58.62. The other gap XAU 55.95 - 56.02 could get filled if da judge throws out gata lawsuit and gold bulls toss in white towel... a longshot but nevertheless a possiblity. Maybe judge ruled already I haven't been following too close of late. I will be looking for re-entry in the next few days in Rydex XAU Precious Metals and gold stocks.

OSX has reversed after putting in a top on Thursday. It crossed above magic OSX 100 intraday high (101.55) this level not pierced since early July late June 2001. And with rydex sentiment OSX TA building look for this OSX to test minimum OSX 93.70 area now at OSX 96.75. Unfilled upside break gap remains at OSX 91.91 - 92.14.

Regular Series: 100% Long NDX OTC
Dynamic Series: 100% Money Market

Best Regards, J.T.
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