Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.T. who wrote (3507)	6/13/2000 9:23:00 AM
From: J.T.	Respond to of 19219

These retail number at -0.3 are a disaster du jour on back of revised downward numbers last month. Now I look at dollar getting creamed and yes gold rocks up 5.80 right on 293 resistance on back of dollar weakness. I have said a few weeks back dollar highs are over and EURO is alive coming into the forefront as new currency to be reckoned with. XAU for the break-out today. 68... Best Regards, J.T.

To: J.T. who wrote (3507)	6/13/2000 11:54:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Tuesday June 13th: SPX Long - NOVA 775 Million SPX Short- URSA 263 Million NDX Long - OTC 3.325 BILLION NDX Short- Arktos 98 Million XAU Precious Metals 55 Million Money Market 827 Million Look how fast the money rotates on put up or shut up day. Supports held today and the market rallied. Lets hope we get that important second day follow thru tomorrow on back of CPI number. Market wants to rally and only obnoxious core rate of .05 or more will stop the Bull party dead in its tracks. Anything remotely in line .02 core rate and the Bull runs. We are just shy of critical 3 to 1 Long to Short in Rydex SPX assets. This is wider disparity than 6/7 close when we were 721/275 Million long/short assets. SPX then promptly went down 3 days in a row. Not a comforting thought. NDX Long OTC level have not been this high since the April 12th debacle when NDX and Comp broke 4,000 to downside. If we get follow thru day tomorrow the switch will be more ferocious LONG. I am not even going to mention the money that switched over in the NEW Dynamic Funds today from Long to Short. It is astonishing to say the least. Poor new Dynamic SPX Short Tempest and NDX Short Venture Funds. These funds are 200% INVERSELY CORRELATED SO IT IS DOUBLE TROUBLE FOR THESE LOSERS on wrong side of fence. One more up day tomorrow and there will be little money left in these short funds. <g> XAU gets disappointment for the day award as it can't hold 3% + morning gains off of weak retail number and collapsing dollar and on the heels of morning gold bullion rally of over 6 dollars. By the end of the day gold bullion finished down 90 cents and XAU down 7 cents. The major houses ( I believe J.P. Morgan, Deutsche Bank and several others but can not confirm this until later)were again successful selling gold hard once it hit 293 resistance and deriviatives game will blow up in their face another day. Today they won the dirty war. The extreme swift rotation from long to short and back is not healthy for long term sustainability of Bull. However, I am going along for this ride while it lasts however short or long it may be. My guess is shorter then most expect before we go bump in the road. Best Regards, J.T.