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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: J.T. who wrote (17571)8/7/2003 12:35:55 AM
From: J.T.  Read Replies (3) of 19219
 
Rydex Total Assets Update for Wednesday, August 6th, 2003:


**************
Money Market        1.827  BILLION  
 
***************

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

SPX Long - NOVA     150.5  Million 
SPX Short- URSA     750.4  Million 
NDX Long - OTC      776.6  Million 
NDX Short- ARKTOS   201.3  Million   

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

Dynamic Series: (200% correlation to Index)

SPX Long - TITAN    162.2  Million
SPX Short- TEMPEST  658.7  Million  
NDX Long - VELOCITY 314.7  Million      
NDX Short- VENTURE  443.8  Million   
************* 

Sector Funds:  
               
XAU Precious Metals 150.5  Million 
XOI Energy           11.3  Million 
OSX Energy Services  14.6  Million 
BKX Banking          10.5  Million   
BTK Biotech         160.6  Million        
RUT 2000 - MEKROS   101.2  Million
MDX Midcap- Medius   23.1  Million 
RLX Retail           25.5  Million
Telecommunications    9.8  Million 

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

The rest of Rydex Funds:

BOND (RYGBX)               40.9 Million
JUNO (RYJUX)              795.7 Million

EUROPE (RYEUX)              6.7 Million
JAPAN (RYJPX)              18.8 Million

TECHNOLOGY (RYMIX)         35.2 Million
ELECTRONICS (RYSIX)        61.3 Million
INTERNET (RYIIX)            9.0 Million

 
FINANCIAL SERVICES (RYFIX) 37.2 Million
HEALTH CARE (RYHIX)        26.7 Million
BASIC MATERIALS (RYBIX)    17.6 Million
CONSUMER PRODUCTS (RYCIX)  10.4 Million

TRANSPORTATION (RYPIX)      7.4 Million
UTILITIES (RYUIX)           9.9 Million
 
SECTOR ROTATION (RYSRX)    66.7 Million
CORE EQUITY (RYQMX)        36.2 Million



While the tenor of the market has changed since the initial
upside launch in March through May, the action over the
last several months is the exact type of counter-trend to keep
most out of the market. I talked about a lateral
consolidation in the DOW and SPX and this is exactly what
we have witnessed for over 2 months. In the NDX, COMP et
al, I mentioned what I called an upward rolling correction
and now we are at the low end of supports. SOX continues to
coil and I expect SOX 430 intraday high will get assaulted
and drag the broad market with it. Rydex numbers confirm it
as this sets the stage for the upside whipsaw dead ahead.
Rydex numbers looking for another Melt-down and while it is
possible to get at worst a 90% downside day to cap this
low, the odds strongly suggest UP will be the counter-trend
move that few expect.... Tomorrow???

Regular Series: Long 100% SPX Nova
Dynamic Series: Long 100% NDX Velocity

Best Regards, J.T.
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