Profunds index and sector trading

[Z-M-L]

The NDX chopped around all day today in a sideways manner, which may be the set up for one more move to one of the recent HIGHS at 1503.37 or 1508.37. That peak, if it were made on Tuesday but then closed DOWN for the day, would coincide with the thirteenth (13th) FIB trading day of this corrective rally.

I purchased the Rydex Venture (RYVNX) Fund today in the Aggressive Portion of the Portfolio. The closing price today for the RYVNX Fund was $24.92. My STOP LOSS is with a “close” above 1520 on the NDX.

Currently, I have a position in the Rydex Venture (RYVNX) Fund, established on 04/12/04, within the Aggressive Portion of the portfolio; while the Conservative Portion of the portfolio has been in Cash or Cash equivalents since 01/02/04.