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


To: J.T. who wrote (195)6/24/1999 10:43:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 19219
 
J.T., looking forward to your addendum; the long bond and the transports must do an about-face pronto imo, or things are starting to look real bad.

regards,

hb



To: J.T. who wrote (195)6/26/1999 4:33:00 AM
From: J.T.  Read Replies (2) | Respond to of 19219
 
MARKET INDEX LABORATORY, Friday, June 25, 1999					

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

THE MAJORS
DOW 10,535 10,542 10,650 10,538 10,553 +17.5 +0.2% 11,107 7,539
SPX 1,316 1,316 1,329 1,312.5 1,315 - 1 -.04% 1,368 957
OEX 671 671 678 670 671.5 + .5 +0.1% 690 471
RUT 443 443 445 442.5 443 + 0 + 0 % 464 310
TRAN 3,326 3,327 3,346 3,316 3,316 - 10 -0.3% 3,784 2,345
UTIL 324.5 324.5 326.5 322 322 - 2.5 -0.8% 334 272
VIX 23.67 22.49 23.63 21.33 22.61 -1.06 -4.5% 48.56 16.88

TECHNOLOGY/SEMICONDUCTOR/SOFTWARE
COMP 2,554 2,573 2,587 2,542 2,552.5 - 1.5 -.05% 2,652 1,419
NDX 2,185 2,185 2,221 2,174 2,186 + 1 +.04% 2,268.7 1,129
MSH 1,087.5 1,088 1,107 1,083 1,088 + .5 +.07% 1,139.5 480
PSE 568 568 576 565.5 567.5 - .5 -0.1% 586.5 278
SOX 454.5 454.5 460 449 452.5 - 2 -0.5% 477 190
CWX 737 737 750 736 737.5 + .5 +.08% 748 399

INTERNET/NETWORKING
DOT 576 583 586.5 560 568.5 - 7.5 -1.3% 790 144
IIX 294 294 299.5 286.5 289.5 - 4.5 -1.4% 358 97
GIN 462.5 462.5 472 441 447.5 - 15 -3.2% 667 114
NWX 557.5 557.5 565 554 556 - 1.5 -0.2% 582.5 232

BANKS/BROKERAGE/RETAIL/CONSUMER/DRUGS/CYCLICAL
BKX 841 844 857 844 852.5 +11.5 +1.4% 932 592
XBD 402 402 407 395 395 - 7 -1.7% 530 149
RLX 876 876 885.5 875.5 876 + 0 + 0 % 966 588
CMR 543.5 543.5 547 541.5 541.5 - 2 -0.4% 574 444
DRG 353 353 357 352 352.5 - .5 -0.1% 425 304
CYC 582.5 582.5 588 583 584.5 + 2 +0.3% 619 392

OIL/GOLD-SILVER/COMMODITY
XOI 505 505 506 499 499.5 - 5.5 -1.1% 526 377
OSX 75.5 75.5 76 72.5 72.5 - 3 -3.9% 92 47
XAU 62 62 63.5 62 63 + 1 + 2 % 87 49
CRX 206 206 209.5 206 209 + 2.5 +1.2% 229 149

30 YR. BOND YIELD
TYX 6.161% - 6.158% 6.113% 6.151%

MARKET INDEX LABORATORY, June 25, 1999 (PAGE 2)

MISCELLANEOUS INDICES

AIRLINES/TOBACCO/CHEMICAL/INSURANCE/YEAR 2000
XAL 161 161 162 160 160.5 - .5 -0.4% 204 116
TOB 288 288 294 288 293 + 5 +1.8% 326 236
CEX 493.5 493.5 502.5 493.5 496.5 + 3 +0.7% 547 402
IUX 643.5 643 645.5 639 642 - 1.5 -0.2% 710 471
YTK 203 203 204.5 202 202.5 - .5 -0.3% 237 144

***PLEASE NOTE***BKX and TOB rebounded smartly from yesterday. VIX
was extremely docile and did not fully reflect the selling into the
bell. Look for this number to pop up right out of the gate on Monday.
DOT gapped up at the open only to fill in the air and close negative
along with the rest of the NUT lot. NUTS now take center stage and
must hold supports Monday or this group will lead the next sell-off
down, imho.


Best, J.T.