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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: J.T. who wrote (170)6/22/1999 1:26:00 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
pre>MARKET INDEX LABORATORY, Monday, June 21, 1999

INDEX Pr Cls   Open    High    Low    Close   Change %Change 12MO HI  12MO LO					

THE MAJORS
DOW 10,856 10,855 10,880 10,756 10,816 - 40 -0.4% 11,107 7,539
SPX 1,343 1,343 1,349 1,338 1,349 + 6 +0.5% 1,368 957
OEX 683.5 683.5 687 681 687.5 + 4 +0.6% 690 471
RUT 445 445 449.5 445 449.5 + 4.5 + 1 % 464 310
TRAN 3,396 3,396 3,431 3,396 3,428 + 32 +0.9% 3,784 2,345
UTIL 330 330 330.5 326 326.7 - 3.3 - 1 % 334 272
VIX 22.34 22.53 23.20 21.21 21.29 -1.05 - 4.7% 48.56 16.88

TECHNOLOGY/SEMICONDUCTOR/SOFTWARE
COMP 2,563 2,578 2,630 2,563 2,630 + 67 +2.9% 2,652 1,419
NDX 2,205 2,205 2,268.7 2,205 2,268.7 +63.7 +2.6% 2,268.7** 1,129
MSH 1,109 1,109 1,139.5 1,139.5 1,139.5 + 30 +2.7% 1,139.5** 480
PSE 572.5 575 586.5 574.5 586.5 + 14 +2.4% 586.5** 278
SOX 457 457 477 457 477 + 20 +4.4% 477** 190
CWX 733.5 734 748 732 748 +14.5 +2.1% 748** 399

INTERNET/NETWORKING
DOT 564.5 577 595 572 594.5 + 30 +5.4% 790 144
IIX 297 297 309.5 297 309.5 +12.5 +4.3% 358 97
GIN 461.5 461.5 488 461.5 487 +25.5 +5.3% 667 114
NWX 570 570 583.5 569 582.5 +12.5 +2.2% 582.5** 232

BANKS/BROKERAGE/RETAIL/CONSUMER/DRUGS/CYCLICAL
BKX 873.5 878 885 873 881 + 7.5 +0.9% 932 592
XBD 403 403 423 403 423 + 20 +4.7% 530 149
RLX 888 888 906 888 905 + 17 +1.9% 966 588
CMR 556 556 557 552 554 - 2 -0.4% 574 444
DRG 354.5 354.5 354.5 350 353 - 1.5 -0.4% 425 304
CYC 608.5 608.5 611 603 606 - 2.5 -0.4% 619 392

OIL/GOLD-SILVER/COMMODITY
XOI 522 522 522.5 508.5 511 - 11 -2.1% 528 377
OSX 80 80 80 76 76.5 - 3.5 -4.8% 93 47
XAU 62 62 62 60.5 60.5 - 1.5 -1.9% 87 49
CRX 216.5 218 218 210.5 211 - 5.5 -2.6% 229 149

30 YR. BOND YIELD
TYX 5.971% - 6.05% 5.968% 6.027%

MARKET INDEX LABORATORY, June 21, 1999 (PAGE 2)

MISCELLANEOUS INDICES

AIRLINES/TOBACCO/CHEMICAL/INSURANCE/YEAR 2000
XAL 163.5 163.5 168 163.5 167.5 + 4 +2.3% 204 116
TOB 294 294 294.5 293 294.5 + .5 +0.1% 326 236
CEX 520 520 520 511 514.5 - 5.5 -1.1% 547 402
IUX 662 662 662 655.5 659 - 3 -0.4% 710 471
YTK 208 208 209 207.5 209.5 + 1.5 +0.7% 236 144

***PLEASE NOTE***In a word: TECHNOLOGY. Look at the
new 52 week highs across the board. And Comp is within
spitting distance of new highs. Also, NUT stocks in high
gear with full vigor. Minor negatives: OIX/OSX broke down
and UTS are still rolling over from recent highs. UTS are
an early indicator of direction changes, but not before DOW
and COMP hit new highs and market moves on all four cylinders.


Best, J.T.