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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.10

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Jan 23 4:00 PM EST

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To: Logain Ablar who wrote (39636)	5/31/2003 11:41:50 PM
From: Johnny Canuck	Read Replies (2) of 69990

The run in the indices has been amazing and surprising to most I think. I don't think there is any long term confidence in the US markets though, the follow article indicates most of the money went into international funds. The inflow indicate increase confidence in stocks in general though, so longer term it look like traders are returning. ********************************* U.S. stock funds take in $2.8 bln in week-AMG NEW YORK, May 30 (Reuters) - U.S. stock mutual funds took in a net $2.8 billion in the week ended May 28, according to AMG Data Services. The weekly flows, over a four-day period because of the Memorial Day holiday, were stronger than the $500.6 million of inflows reported for the prior week. AMG Data, a research firm based in Arcata, California, said most of the money, about $2.5 billion, went into international stock funds. Global funds took in a net $387 million and small cap growth funds took in $388 million, AMG Data said. reuters.com.

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