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

To: J.T. who wrote (3467)	6/8/2000 6:38:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Thursday, June 8th: SPX Long - NOVA 564 Million SPX Short- URSA 275 Million NDX Long - OTC 3.181 BILLION NDX Short- Arktos 119 Million Precious Metals- 64 Million Money Market- 1.302 BILLION No upside carryover today but for the most part supports held reasonably well in the SPX and NDX even though they were down. Notice 160 Million was switched out of SPX Long at tonights close on any kind of market skittish behavior. Equally important is no additonal money moved into SPX Short URSA Fund ON A DOWN DAY. SPX short Fund has now been below paltry 320 Million for 8 straight trading days and this is a contrary BEARISH signal. Traders are on edge. Desire of gain in not missing the rally one day followed by Fear of further loss the next. Notice also the money market levels yesterday below 1 BILLION and now back to 1.3 billion in 1 day. The switch back into Precious Metals is not b/c we had a down NDX/SPX day affair today, but that this XAU second day pullback gave us another opportunity to make another quick 6% right back to resistance levels when we switched out a few days back at this XAU 62.15 level at a minimum. Target is XAU 68. Best Regards, J.T.