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

To: J.T. who wrote (3610)	6/27/2000 10:12:00 PM
From: sa-mule	Read Replies (2) \| Respond to of 19219

J.T., Really appreciate your nightly write up's. Thanks for the support and resistance levels. I read them every night even though I do not comment. Thanks again, samuel

To: J.T. who wrote (3610)	6/27/2000 10:44:00 PM
From: J.T.	Respond to of 19219

Major Market Indexes as of June 27, 2000 Symbol INDEX Last Change %Chg High Low $INDU Dow Jones Industrial Avg. 10504.46 -38.53 -0.4 10615.83 10504.46 $TRAN Dow Jones Transportation 2680.97 +66.42 +2.5 2689.05 2608.27 $UTIL Dow Jones Utilities Avg. 312.69 -10.30 -3.2 323.02 311.78 $NDX NASDAQ 100 Index 3699.00 -72.45 -1.9 3804.94 3698.50 $COMP NASDAQ Composite Index 3858.96 -53.16 -1.4 3945.75 3858.95 $NYA NYSE Composite Index 643.71 -0.23 -0.0 646.58 643.43 $SPX S&P 500 Stock Index 1450.55 -4.70 -0.3 1463.44 1450.55 $MID S&P 400 MidCap Stock Index 484.27 -6.61 -1.3 492.06 484.27 $OEX S&P 100 Stock Index 784.94 -4.27 -0.5 792.67 784.94 $IXCO NASDAQ High Technology Indx 2273.87 -33.02 -1.4 2332.34 2273.71 $PSE PSE High Technology Index 1087.18 -25.35 -2.3 1119.54 1087.18 $MSH Morgan Stanley High Tech 994.65 -13.80 -1.4 1014.67 994.57 $SOX Semiconductor Index 1172.95 -43.62 -3.6 1227.67 1168.38 $XMI AMEX Major Market Index 1042.39 -2.54 -0.2 1047.64 1040.58 $XAX AMEX Composite Index 935.27 +0.44 +0.0 940.68 934.18 $WSX Wilshire Small Cap Index 832.93 -13.85 -1.6 851.05 831.84 $TNX 10 Year T-Note Interest Rate 6.078 -0.017 -0.3 6.125 6.070 $TYX 30 Year T-Bond Interest Rate 5.941 -0.042 -0.7 5.985 5.922 $XAU PHLX Gold and Silver Index 57.15 +0.69 +1.2 57.33 56.16 $XOI AMEX Oil & Gas 519.77 -3.18 -0.6 523.98 518.70 $XVG Value Line Index (Geometric) 409.19 -0.86 -0.2 411.63 409.19 $RUI Russell 1000 767.76 -3.69 -0.5 775.50 767.76 $RUT Russell 2000 508.08 -8.28 -1.6 518.57 507.88 $RUA Russell 3000 793.60 -4.45 -0.6 802.07 793.60 $XAL AIRLINE (AMEX) 162.84 +6.01 +3.8 163.38 156.42 $BKX BANK PHLX/KBW (PHLX) 777.58 -0.26 -0.0 786.85 777.56 $BTK BIOTECH (AMEX) 639.81 -25.08 -3.8 664.89 638.77 $CEX CHEMICAL S&P (CBOE) 401.30 +14.55 +3.8 407.25 386.75 $GHA COMPUTER HARDWARE GOLD/SACHS 566.77 -12.58 -2.2 583.64 566.77 $GSV COMPUTER SERVICES GOLD/SACHS 151.43 -0.87 -0.6 153.29 151.00 $CWX COMPUTER SOFTWARE (CBOE) 1237.59 -20.18 -1.6 1263.36 1231.25 $XCI COMPUTER TECHNOLOGY (AMEX) 1499.92 -26.95 -1.8 1541.50 1499.87 $CMR CONSUMER MORGAN STANLEY AMX 525.56 +2.77 +0.5 527.65 520.95 $DJR DOW JONES EQUITY REIT 131.36 +0.80 +0.6 131.51 130.54 $NF FINANCIAL (NYSE) 535.55 +1.71 +0.3 538.75 533.79 $FPP FOREST & PAPER PRODUCTS PHX 267.43 +10.61 +4.1 269.16 257.64 $GAX GAMING (CBOE) 287.72 +4.53 +1.6 288.23 282.53 $HCX HEALTH CARE S&P (CBOE) 828.06 +4.42 +0.5 829.99 822.22 $GIN INTERNET GOLDMAN/SACHS 436.91 +5.13 +1.2 443.24 429.39 $XNG NATURAL GAS (AMEX) 196.92 -2.54 -1.3 200.23 194.22 $NWX NETWORKING (AMEX) 1190.45 -14.42 -1.2 1218.88 1189.72 $GIP NETWORKING MULTIMEDIA 626.89 -13.74 -2.1 645.68 626.89 $DRG PHARMACEUTICAL (AMEX) 407.07 +3.93 +1.0 407.77 401.91 $RLX RETAIL S&P (CBOE) 854.93 +33.25 +4.0 861.20 821.48 $GSM SEMICONDUCTOR GOLDMAN/SACHS 586.75 -17.76 -2.9 609.13 586.75 $XBD SECURITIES BROKER/DEALER 496.65 -3.21 -0.6 503.12 496.55 Best Regards, J.T.

To: J.T. who wrote (3610)	6/28/2000 6:37:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Wednesday, June 28th: SPX Long - NOVA 689 Million SPX Short- URSA 277 Million NDX Long - OTC 3,410 BILLION NDX Short- Arktos 86.7 Million XAU - Precious Metals 57.4 Million Money Market 897 BILLION Mutual Fund switchers today got whipsawed today and either switched long to early or stayed long until it was too late. Tomorrow the longs will pay the piper. The numbers show another 67 million switched long to SPX NOVA and 2 day total is 134 million added to spx long. NDX Long edges higher. NDX Short Arktos at lowest levels since I have been keeping track and SPX Short URSA banging on its lows. Also, look at the low cash levels today. The money has been put to work. Everytime we get under 1 billion in cash - the market goes down the next day. Guess what folks? The frog is in the warm water and the stove just got turned on high to apply the boiling cook job. I will be highly surprised if tomorrow is an up day affair. XAU locked in a 3.6% gain to finish at XAU 59.21 up $2.06. Now look at the increase in assets - a paltry 2 million. What does this mean? XAU is going higher tomorrow - potentially much higher. Upside target is XAU 68. XAU 60.08 minimum target. Nobody believes the XAU rally - that is why it is going higher tomorrow. Because it can. BKX fails the BKX 780 litmus test a 9th straight day. Today was the second day in a row BKX traded above 780 most of the day and still closed below 780. We closed at BKX 774. BKX 737 death row support intraday test is on deck- most likely in the next 2 days. UTIL managed to close back above UTIL 318 to close at UTIL 319.33. Best Regards, J.T.