Money Market        1.784  BILLION  
 
***************

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

SPX Long - NOVA     187.4  Million 
SPX Short- URSA     670.7  Million 
NDX Long - OTC      796.1  Million 
NDX Short- ARKTOS   177.2  Million   

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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN    191.4  Million
SPX Short- TEMPEST  502.3  Million  
NDX Long - VELOCITY 306.6  Million      
NDX Short- VENTURE  377.5  Million   
************* 

Sector Funds:  
               
XAU Precious Metals 112.5  Million 
XOI Energy           13.5  Million 
OSX Energy Services  14.6  Million 
BKX Banking          10.0 Million   
BTK Biotech         184.8  Million        
RUT 2000 - MIKROS   105.2  Million
RLX Retail           42.8  Million
Telecommunications   16.5  Million 

The market is set to launch upside hard. Rydex numbers 
confirm it market stealth move higher dead ahead. ISM 
Manufacturing Survey combined with Construction Spending 
tomorrow may be the excuse - the catalyst spark that sets
full throttle engine upside blast. Maybe a shake and bake 
down first and then Thursday's jobless claims or employment
report. Nonetheless, Mr. market waits for no one and the 
last few days caught em leaning (myself included) the wrong
way. 

I haven't seen a rolling correction like this in some time
 and yet supports have held across the board with slight
 elasticity:

DOW   9,000
SPX     975
COMP  1,600
NDX   1,190
SOX     355 
BKX     855
BTK     430
DRG     330
XVG     295
VLE   1,210
RUT     440 

  

In billiards, they call this move the three rail kicks and 
banks as the market has moved nice and slow off the first
 two rail supports. Cue ball (Mr. Market) coming out of
 that third rail is like a shot out of a cannon this will
 catch most by surprise. 

I want to see the quality and breadth of this next upside 
advance to see if it is running out of gas or has more fuel
 to head significantly higher. 

Minimum upside intraday targets for July:

DOW  9,450
SPX  1,020
COMP 1,720
NDX  1,280
SOX    405
BKX    905
RUT    475