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

To: J.T. who wrote (5652)	12/18/2000 3:27:39 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

I have moved to 100% XAU Precious Metals Fund. Mr G. is way behind the curve and I think tomorrow the best case he moves to loosening bias maybe the wording will rally the market. No matter it is now all Earnings and growth just ain't there. Best Regards, J.T.

To: J.T. who wrote (5652)	12/19/2000 1:23:07 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Rydex Total Assets Update for Monday, December 18th: Regular Series: SPX Long - NOVA 425.1 Million SPX Short- URSA 234.6 Million NDX Long - OTC 2,041` BILLION NDX Short- Arktos 80.4 Million XAU Precious Metals 41.8 Million Biotechnology 567 Million Money Market 1,294 BILLION ******************************************* Dynamic Series (200% correlation) SPX Long - TITAN 88.3 Million SPX Short- TEMPEST 13.9 Million NDX Long - VELOCITY 154.1 Million NDX Short- VENTURE 25.6 Million ******************************************* CSCO and SUNW new 52 week lows. Banks prop up S & P to modest gains on hopes Fed will cut rates tomorrow: Monday December 18 4:36 PM ET Blue Chips Close Higher, Nasdaq Off NEW YORK (Reuters) - Blue-chip stocks shot higher on Monday as investors focused on the expected cure to a slowing economy -- the U.S. Federal Reserve Bank cutting interest rates -- rather than the Fed-orchestrated slowdown that dragged stocks lower last week. But the technology-laced Nasdaq Composite index fell for the fifth session in a row as profit fears continued to plague the tech sector. Network computer company Sun Microsystems Inc. (NasdaqNM:SUNW - news) and Internet gear maker Cisco Systems Inc. (NasdaqNM:CSCO - news) led the Nasdaq lower, helping eradicate a gain of more than 2 percent gain early in the session. The Dow Jones industrial average held a big closing gain of 210.46 points, or 2.02 percent, at 10,645.42, according to the latest data, while the Nasdaq fell 28.74 points, or 1.08 percent, to 2,624.53. In early trade, the Nasdaq was up almost 73 points. The benchmark Standard & Poor's 500 rose 10.59 points, or 0.81 percent, to 1,322.74, bouncing back after closing on Friday at 1,312.15, its lowest finish of the year. Wall Street believes that Fed will say it is more worried about a softening economy than nascent inflation at the Fed's policy-making meeting on Tuesday. That will clear the path for interest-rate cuts as a barrage of profit warnings that have battered the stock market. ``I don't know if the Fed will actually lower rates tomorrow, but I think at least the bias will go to neutral,'' said Michelle Clayman, chief investment officer at New Amsterdam Partners, which oversees $1.1 billion. ``That is what is largely driving things in the market today.'' The Fed has raised rates six times since June 1999 to slow a white-hot economy to a pace less likely to spur inflation. The Federal Open Market Committee is expected to announce its decision by mid-afternoon on Tuesday. Among active stocks, J.P. Morgan rose $6-5/8 to $166-5/8, Citigroup rose $1-5/16 to $49-3/8 and American Express Co. (NYSE:AXP - news) jumped $2-1/8 to $56-3/4 -- all three boosting the Dow. Chase Manhattan Corp. (NYSE:CMB - news), J.P. Morgan's merger partner, rose $1-7/16 to $45-3/8. But Sun Microsystems lost $1-7/8 to $28-9/16 in heavy Nasdaq trading after Prudential Securities cut its investment rating, citing confirmation from several suppliers that demand for the company's business computers is beginning to slow. Cisco, the world's No. 1 maker of gear that powers the Internet, lost $5-15/64, or nearly 11 percent, to $42-15/16, after sliding to a fresh year low of $43-5/16 early in the session. Software giant Microsoft Corp. (NasdaqNM:MSFT - news) shed $1-3/8 to $47-13/16. The Dow component and Nasdaq heavyweight fell on Friday after warning that a global slowdown, lower personal computer sales and less corporate spending would dent earnings and revenues. But Oracle Corp. (NasdaqNM:ORCL - news) jumped $3-7/16, or 12 percent, to $32, extending Friday's rally after the No. 2 software maker posted financial results that beat Wall Street's expectations. Media conglomerate Time Warner Inc. (NYSE:TWX - news) dropped $9.47, or 13 percent, to $63.25, while its merger partner America Online Inc. (NYSE:AOL - news) fell $6.72 to $42.24. Aetna Inc. (NYSE:AET - news), the No. 1 U.S. health insurer, rallied $3-13/16 to $36-13/16 after saying its plans to reduce its workforce by 13 percent to cut costs and boost profits. Consumer products giant Gillette Co. (NYSE:G - news) added $1 to $34-13/16 after seeing earnings this year slightly above profits a year ago, as currency factors and problems at its Duracell battery unit weighed on results. Online toy seller eToys Inc. (NasdaqNM:ETYS - news) lost almost 73 percent of its value, or 24/32 to 9/32 after warning its quarterly sales would fall short of expectations due to weaker-than-expected holiday buying. Now 100% long XAU Precious Metals. Best Regards, J.T.