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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (11199)3/15/2002 11:38:01 PM
From: J.T.  Read Replies (5) of 19219
 
Rydex Total Assets Update for Friday, March 15th, 2002: 

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

Money Market        1.202  BILLION**Lowest Close Since 01/04/02
 
***************

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

SPX Long - NOVA     366.5  Million**BEARISH Highest Close Since 06/07/01
SPX Short- URSA     202.0  Million**BEARISH Lowest Close Since 05/24/01 
NDX Long - OTC      879.9  Million 
NDX Short- ARKTOS    93.7  Million   

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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN    190.3  Million**BEARISH ALL TIME HIGH
SPX Short- TEMPEST  149.6  Million  
NDX Long - VELOCITY 290.0  Million**BEARISH ALL TIME HIGH      
NDX Short- VENTURE  140.4  Million   
************* 

Sector Funds:  
               
XAU Precious Metals  44.3  Million
XOI Energy           45.1  Million**BEARISH 
OSX Energy Services  83.4  Million**BEARISH Double Overbought
BKX Banking          77.6  Million**BEARISH Double Overbought   
BTK Biotech         273.3  Million**BULLISH        
RUT 2000 - MIKROS   119.3  Million 
RLX Retail           86.3  Million

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

Rydex total assets confirm the market is getting ahead of itself and a pullback is imminent. Bearish sentiment everywhere I will look for opportunity to position short as March will go out like a lamb. If we close up smartly on Monday I will look to get short for a position scalp in SPX. If NDX closes up smartly on Monday I will look to take loss to set up for position trade into XAU.

I will not look to get long the SPX again until we test SPX 1,138 - 1,142 intraday low area. SPX closed up 13 to SPX 1,166. Still waiting for XAU to get below 60 and in that XAU 58.80 before I get long XAU.

BKX has screamed higher since BKX 774 call now at BKX 910.28, its highest close since August 1, 2001 (BKX 916). BKX is above double overbought on 5 day RSI and getting ahead of itself.

Dynamic Series now up 6.99% YTD with 2.34% gain on one day trade after breaking just above even on long trade for just under two months.

Regular Series still up 1.8% YTD with on booked trade (but would be down 7.9% net if I sold for loss at today's close which I obviously have not).

It has not been an easy ride.

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

Best Regards, J.T.
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