Rydex Total Assets Update for Wednesday, November 20th, 2002:
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Money Market 1.418 BILLION
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Regular Series: (100% Correlation to Index (Nova 150%))
SPX Long - NOVA 248.7 Million
SPX Short- URSA 424.0 Million
NDX Long - OTC 625.5 Million
NDX Short- ARKTOS 140.5 Million
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Dynamic Series: (200% correlation to Index)
SPX Long - TITAN 214.7 Million
SPX Short- TEMPEST 344.6 Million
NDX Long - VELOCITY 251.3 Million
NDX Short- VENTURE 294.8 Million
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Sector Funds:
XAU Precious Metals 59.0 Million
XOI Energy 17.3 Million
OSX Energy Services 35.5 Million
BKX Banking 21.1 Million
BTK Biotech 172.2 Million
RUT 2000 - MIKROS 93.9 Million
RLX Retail 39.6 Million
Telecommunications 74.6 Million
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Mr. Market tape action has bad news for da bears. In the Words of James Taylor in Steamroller:
Well, I'm a steamroller, baby
I'm bound to roll all over you
...Got a bad case steamroller blues...
Steamroller is now at the top of the trading band near COMP 1426 as we closed up 45 to COMP 1419.35 up 3.26%. COMP 1500 dead ahead as we book the highest close since August 22nd today.
BKX banging near top end of band BKX 780 ready for the breakout as we closed up 23 to BKX 774.07.
COMP, BKX, SPX, DOW, NDX, RUT, OEX, NYA, CMR all bursting at the seams and all still below overbought conditions.
SOX, IIX, NWX just crossed overbought.
Mr. Market in a giving mood to higher prices and open ideas just in time for Thanksgiving.
Best Regards, J.T. |
