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


To: J.T. who wrote (304)7/1/1999 11:25:00 PM
From: Michael Watkins  Read Replies (1) | Respond to of 19219
 
J.T.,

Given the number of new highs in these indexes, and the overall market picture as of this week - what odds would you give the scenario that we've just seen a double top set ? A double top implying a pull back...?

I can't get the VIX and utter bullishness out of my mind this evening.

( I enjoy making money on the long side but none the less my hair is starting to rise on the back of my neck )



To: J.T. who wrote (304)7/3/1999 6:19:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
MARKET INDEX LABORATORY, Thursday, July 1, 1999 REVISED					

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

THE MAJORS
DOW 10,971 10,966 11,080 10,904 11,066 + 95 +0.9% 11,107 7,539
SPX 1,373 1,373 1,383 1,361 1,381 + 8 +0.6% 1,381** 957
OEX 704.5 704.5 711 697.5 709.5 + 5 +0.7% 709.5** 471
RUT 457.5 457.5 457.5 451.5 454.5 - 3 -0.7% 464 310
TRAN 3,404.5 3,404 3,474 3,398 3,466.5 + 62 +1.8% 3,784 2,345
UTIL 317 316.7 319.7 315.8 318.5 + 1.5 +0.5% 334 272
VIX 21.01 21.13 22.15 19.68 19.80 -1.21 -5.8% 48.56 16.88

TECHNOLOGY/SEMICONDUCTOR/SOFTWARE
COMP 2,686 2,693 2,711.7 2,658 2,706 + 20 +0.7% 2,706** 1,419
NDX 2,297 2,297 2,329 2,272 2,322.5 +25.5 +1.1% 2,322.5** 1,129
MSH 1,159 1,159 1,173.7 1,149.5 1,169 + 10 +0.9% 1,169** 480
PSE 600 600 609 596.5 607.4 + 7.5 +1.3% 607.4** 278
SOX 484.5 484.5 495.2 483 492 + 7.5 +1.6% 492** 190
CWX 774.5 774.5 785.7 764 784 + 9.5 +1.2% 784** 399

INTERNET/NETWORKING
DOT 616.5 622.8 643 608.5 640 +23.5 +3.8% 790 144
IIX 312.5 312.5 319.3 309.5 314.5 + 2 +0.7% 358 97
GIN 495.5 495.5 510.5 492.5 502 + 6.5 +1.3% 667 114
NWX 578.5 578.7 590.5 575 586.5 + 8 +1.4% 586.5** 232

BANKS/BROKERAGE/RETAIL/CONSUMER/DRUGS/CYCLICAL
BKX 896 895 906.5 884.8 904 + 8 + 1 % 932 592
XBD 446 446 447 433.5 434.5 -11.5 -2.5% 530 149
RLX 930 930 934 919.5 931.5 + 1.5 +0.1% 966 588
CMR 560 560 560.4 537 560 + 0 + 0 % 574 444
DRG 373 373 378 370 378 + 5 +1.3% 425 304
CYC 592 592 601.7 590 601 + 9 +1.6% 619 392

OIL/GOLD-SILVER/COMMODITY
XOI 508.5 508.5 518 508 517 + 8.5 +1.7% 526 377
OSX 78.5 78.5 79 76 76 - 2.5 -3.5% 92 47
XAU 67 66.7 67.3 66 66.8 - .12 -0.2% 87 49
CRX 216 216 216 213.6 215.5 - .5 -0.2% 229 149

30 YR. BOND YIELD
TYX 5.988% - 6.08% 5.993% 6.013%

MARKET INDEX LABORATORY, July 1, 1999 (PAGE 2)

MISCELLANEOUS INDICES

AIRLINES/TOBACCO/CHEMICAL/INSURANCE/YEAR 2000
XAL 164.5 164.5 168 164 167 + 2.5 +1.7% 204 116
TOB 288 288 293 288 293 + 5 +1.7% 326 236
CEX 501.5 501.5 514 501.5 512.5 + 11 +2.3% 547 402
IUX 640.5 640.5 648 639.9 647 + 6.5 + 1 % 710 471
YTK 211.5 211.3 213 210.5 213 + 1.5 +0.8% 237 144

***PLEASE NOTE*** REVISED FOR CORRECTED VERSION OF BKX INDEX


Best, J.T.