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

To: J.T. who wrote (3492)	6/12/2000 9:51:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Monday, June 12th: SPX Long - NOVA 550 Million SPX Short- URSA 312 Million NDX Long - OTC 3.123 BILLION NDX Short- Arktos 118 Million XAU - Precious Metals- 60 Million Money Market - 1.302 BILLION SPX and NDX continue to get clocked and throw cold water on Bull summer party as SPX closed down 11 to SPX 1,446 and NDX closed down 122 to NDX 3,638. The SPX is right back where it started SPX 1,446 on June 1 close, the day before the employment report on June 2 when SPX was at 1,448. The employment report was supposed to be the rocket fuel and panacea for the next leg up. Furthermore Bulls were supposed to ride the benign PPI Report on Friday June 9 to partyland and it ended in a two day drunk stupor. Bulls have mocked Bears and the laughing is now quiet desperation on the new paradigm front. Tomorrow is put up or shut up for the Bulls off the retail sales numbers as supports have been tested to the maximum. Rydex numbers still exude complacency on short side of NDX and SPX and we are again at the line of demarcation. XAU as expected had a one day false break on Friday and closed up 2.73% to XAU 60.14. Target XAU 68. Rydex assets do not anticipate this impending break-out. Best Regards, J.T.