pre>MARKET INDEX LABORATORY, Tuesday, June 22, 1999
INDEX Pr Cls Open High Low Close Change %Change 12MO HI 12MO LO
THE MAJORS
DOW 10,816 10,816 10,816 10,709 10,722 - 94 -0.9% 11,107 7,539
SPX 1,349 1,343 1,351 1,335.5 1,336 - 13 - 1 % 1,368 957
OEX 687.5 687 689.5 680.5 680.5 - 7 - 1 % 690 471
RUT 449.5 449 450.5 447 447.5 - 2 -0.5% 464 310
TRAN 3,428 3,428 3,428 3,389 3,391.5 -36.5 -1.1% 3,784 2,345
UTIL 327 327 329 326 328.5 + 1.5 +0.5% 334 272
VIX 21.29 22.19 22.58 20.63 21.96 + .67 +3.2% 48.56 16.88
TECHNOLOGY/SEMICONDUCTOR/SOFTWARE
COMP 2,630 2,618 2,642 2,580 2,580 - 50 -1.9% 2,652 1,419
NDX 2,269 2,268 2,280 2,210 2,210 -58.5 -2.6% 2,268.7 1,129
MSH 1,139 1,109 1,146 1,107.5 1,107.5 - 32 -2.8% 1,139.5 480
PSE 586.5 586 591 577.5 577.5 - 9 -1.6% 586.5 278
SOX 477 474 484.3 467 467 - 10 -2.1% 477 190
CWX 748 748 758.5 740.5 746 - 2 -0.3% 748 399
INTERNET/NETWORKING
DOT 594.5 591 606 577 577 -17.5 - 3 % 790 144
IIX 309.5 309.5 315 299 299 -10.5 -3.5% 358 97
GIN 487 487.5 501.5 469 467 - 20 -4.2% 667 114
NWX 582.5 582 582.5 569 569 -13.5 -2.3% 582.5 232
BANKS/BROKERAGE/RETAIL/CONSUMER/DRUGS/CYCLICAL
BKX 881.2 879 883.5 874.5 880.8 - .4 -.05% 932 592
XBD 423 423 425 413 413 - 10 -2.3% 530 149
RLX 905 905 905 890 898 - 7 -0.7% 966 588
CMR 554 554 556 552 553 - 1 -0.2% 574 444
DRG 353 353 356.5 352 354 + 1 +0.3% 425 304
CYC 606 606 606 596.5 597 - 9 -1.5% 619 392
OIL/GOLD-SILVER/COMMODITY
XOI 511 511 511.5 506 508 - 3 -0.6% 528 377
OSX 76.5 76 77.5 74.5 74.5 - 2 -2.5% 93 47
XAU 60.5 60.5 61 59.5 59.5 - 1 -1.8% 87 49
CRX 211 211 211 207.5 207.5 - 3.5 -3.6% 229 149
30 YR. BOND YIELD
TYX 6.027% - 6.07% 6.03% 6.06%
MARKET INDEX LABORATORY, June 22, 1999 (PAGE 2)
MISCELLANEOUS INDICES
AIRLINES/TOBACCO/CHEMICAL/INSURANCE/YEAR 2000
XAL 167.5 167.5 167.5 163.5 164 - 3.5 -2.2% 204 116
TOB 294.5 294.5 294.5 290 291.5 - 3 - 1 % 326 236
CEX 514.5 514.5 514.5 506 506 - 8.5 -1.6% 547 402
IUX 659 659 659 652 654 - 5 -0.8% 710 471
YTK 209.5 209 209.5 206.5 207 - 2.5 -1.1% 236 144
***PLEASE NOTE***Yesterday the market giveth, and today the
market taketh away. Notice several things: 1) the UTIL Index is
becoming contrary barometer. 2)VIX has bottomed - expect more
bits of profit-taking to continue next few trading days. 3)NUT
Indices have one day false break-out yesterday to new ground and
now need to test supports. 4)BKX is holding firm in spite of bond
yields rising which is good omen for market. 5)DRG Index other index
on lonely island of + side as some bargain hunting undervalued drug
stocks ensuing.
Best, J.T.
*** I will be back late tonight for in depth analysis.
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