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[About This Newsletter]
DECISION POINT
RYDEX TRACKER DAILY REPORT
Wednesday, 4/30/2008
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The Decision Point Rydex Tracker is a daily publication specializing in
the Rydex mutual funds. It provides momentum analysis, relative strength
ranking, and BUY and SELL Signals. This newsletter is included as part of a
DecisionPoint.com web site subscription.
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INFORMATION CONTAINED HEREIN IS TO ASSIST FURTHER RESEARCH AND IS NEITHER A
SOLICITATION NOR RECOMMENDATION TO BUY OR SELL ANY SECURITY. PAST
PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
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DISTRIBUTIONS: None today.
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TODAY'S RESULTS AND PRICE CHANGE ANALYSIS
04/30 WTD MTD YTD
Close $ %age %Price %Price %Price
Name Sym NAV Change Change Change Change Change
---------------- ----- ------ ------ ------ ------ ------ ------
Nova RYNVX 28.00 -0.17 -0.6% -1.4% +7.2% -9%
S&P 500 RYSPX 27.15 -0.11 -0.4% -0.9% +4.8% -3%
Inv S&P 500 RYURX 38.15 +0.15 +0.4% +0.9% -4.6% +5%
Nasdaq 100 RYOCX 12.68 -0.10 -0.8% 0.0% +7.4% -8%
Inverse NDX RYAIX 19.70 +0.16 +0.8% +0.1% -7.4% +8%
S&P 500 2x RYTNX 41.43 -0.35 -0.8% -1.9% +9.3% -13%
Inv SPX 2x RYTPX 31.65 +0.28 +0.9% +1.9% -9.5% +9%
NDX 2x RYVYX 24.22 -0.41 -1.7% -0.1% +15.0% -19%
Inv NDX 2x RYVNX 13.19 +0.22 +1.7% +0.1% -14.8% +12%
Dow 2x RYCVX 30.97 -0.07 -0.2% -1.2% +9.0% -9%
Inv Dow 2x RYCWX 31.71 +0.06 +0.2% +1.1% -9.0% +4%
MidCap 1.5x RYMDX 36.09 -0.11 -0.3% -0.9% +11.4% -5%
Inv MidCap RYMHX 34.43 -0.07 -0.2% +0.5% -7.1% +2%
Russ 2000 RYRHX 24.44 -0.10 -0.4% -0.8% +3.7% -7%
R2000 1.5x RYMKX 30.18 -0.20 -0.7% -1.2% +5.5% -11%
Inv Russ2000 RYSHX 37.31 +0.14 +0.4% +0.7% -4.5% +5%
Russ 2000 2x RYRSX 20.28 -0.20 -1.0% -1.5% +7.6% -15%
Inv R2000 2x RYIRX 43.21 +0.34 +0.8% +1.5% -9.1% +7%
LgCap Gwth RYAWX 26.60 -0.13 -0.5% -0.9% +6.0% -4%
LgCap Value RYZAX 20.67 -0.35 -1.7% -1.1% +3.4% -9%
MidCap Gwth RYBHX 28.62 -0.03 -0.1% -0.5% +7.3% -3%
MidCap Val RYAVX 31.24 -0.31 -1.0% +0.2% +5.2% -3%
SmlCap Gwth RYWAX 28.49 -0.10 -0.3% -0.5% +3.8% -6%
SmlCap Valu RYAZX 25.76 -0.33 -1.3% -1.6% -2.9% -6%
Banking RYKIX 7.86 -0.05 -0.6% -1.3% +4.0% -5%
Basic Matls RYBIX 52.68 +0.49 +0.9% -3.5% +4.3% +3%
Biotech RYOIX 21.77 -0.12 -0.5% -1.7% +1.2% -5%
Consumer Prd RYCIX 36.47 -0.09 -0.2% +0.2% +0.2% -6%
Electronics RYSIX 10.98 -0.13 -1.2% -1.3% +9.1% -10%
Energy RYEIX 30.65 +0.25 +0.8% -1.5% +12.3% +6%
Energy Svcs RYVIX 64.75 +0.85 +1.3% -2.3% +11.6% +7%
Financial Sv RYFIX 10.74 -0.09 -0.8% -1.5% +5.5% -7%
Health Care RYHIX 14.57 -0.04 -0.3% -0.6% +2.0% -8%
Internet RYIIX 42.55 -0.20 -0.5% +0.4% +10.4% -6%
Leisure RYLIX 32.24 -0.01 0.0% +0.4% +1.6% -9%
Precious Mtl RYPMX 65.60 +1.45 +2.3% -3.4% -6.1% -3%
Real Estate RYHRX 34.39 -0.42 -1.2% -2.5% +6.1% +4%
Retailing RYRIX 12.05 -0.23 -1.9% -1.5% +4.4% -1%
Technology RYTIX 12.72 -0.10 -0.8% -0.2% +8.1% -8%
Telecom RYMIX 18.25 +0.03 +0.2% +1.3% +7.1% -10%
Transport RYPIX 26.84 -0.02 -0.1% +2.0% +6.5% +6%
Utilities RYUIX 30.96 +0.01 0.0% -0.7% +5.7% -5%
Lg Bond 1.2x RYGBX 11.35 +0.11 +1.0% +2.3% -3.7% 0%
Inv Gvt Bond RYJUX 17.29 -0.15 -0.9% -1.9% +2.9% -2%
St Dollar 2x RYSBX 20.18 -0.20 -1.0% -0.8% +1.8% -11%
Wk Dollar 2x RYWBX 28.67 +0.26 +0.9% +0.7% -2.0% +12%
Commodities RYMBX 35.09 -0.33 -0.9% -2.4% +7.4% +18%
Absolute Rtn RYMSX 25.25 +0.09 +0.4% 0.0% +2.5% -3%
Core Equity RYQMX 12.33 -0.02 -0.2% -0.6% +4.6% -5%
Hedged Eqty RYSTX 23.95 +0.06 +0.3% -0.6% +4.5% -6%
Mgd Futures RYMFX 28.38 -0.03 -0.1% -0.6% +0.4% +6%
Sector Rotn RYSRX 14.45 +0.09 +0.6% -2.2% +7.1% -9%
Europe 1.25x RYEUX 23.85 +0.17 +0.7% -0.1% +7.1% -7%
Average -0.2% -0.6% +3.1% -3%
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RYDEX FUNDS SORTED BY TODAY'S PERCENTAGE CHANGE
04/30 WTD MTD YTD
Close $ %age %Price %Price %Price
Name Sym NAV Change Change Change Change Change
---------------- ----- ------ ------ ------ ------ ------ ------
Precious Mtl RYPMX 65.60 +1.45 +2.3% -3.4% -6.1% -3%
Inv NDX 2x RYVNX 13.19 +0.22 +1.7% +0.1% -14.8% +12%
Energy Svcs RYVIX 64.75 +0.85 +1.3% -2.3% +11.6% +7%
Lg Bond 1.2x RYGBX 11.35 +0.11 +1.0% +2.3% -3.7% 0%
Inv SPX 2x RYTPX 31.65 +0.28 +0.9% +1.9% -9.5% +9%
Basic Matls RYBIX 52.68 +0.49 +0.9% -3.5% +4.3% +3%
Wk Dollar 2x RYWBX 28.67 +0.26 +0.9% +0.7% -2.0% +12%
Inverse NDX RYAIX 19.70 +0.16 +0.8% +0.1% -7.4% +8%
Inv R2000 2x RYIRX 43.21 +0.34 +0.8% +1.5% -9.1% +7%
Energy RYEIX 30.65 +0.25 +0.8% -1.5% +12.3% +6%
Europe 1.25x RYEUX 23.85 +0.17 +0.7% -0.1% +7.1% -7%
Sector Rotn RYSRX 14.45 +0.09 +0.6% -2.2% +7.1% -9%
Inv S&P 500 RYURX 38.15 +0.15 +0.4% +0.9% -4.6% +5%
Inv Russ2000 RYSHX 37.31 +0.14 +0.4% +0.7% -4.5% +5%
Absolute Rtn RYMSX 25.25 +0.09 +0.4% 0.0% +2.5% -3%
Hedged Eqty RYSTX 23.95 +0.06 +0.3% -0.6% +4.5% -6%
Inv Dow 2x RYCWX 31.71 +0.06 +0.2% +1.1% -9.0% +4%
Telecom RYMIX 18.25 +0.03 +0.2% +1.3% +7.1% -10%
Leisure RYLIX 32.24 -0.01 0.0% +0.4% +1.6% -9%
Utilities RYUIX 30.96 +0.01 0.0% -0.7% +5.7% -5%
MidCap Gwth RYBHX 28.62 -0.03 -0.1% -0.5% +7.3% -3%
Transport RYPIX 26.84 -0.02 -0.1% +2.0% +6.5% +6%
Mgd Futures RYMFX 28.38 -0.03 -0.1% -0.6% +0.4% +6%
Dow 2x RYCVX 30.97 -0.07 -0.2% -1.2% +9.0% -9%
Inv MidCap RYMHX 34.43 -0.07 -0.2% +0.5% -7.1% +2%
Consumer Prd RYCIX 36.47 -0.09 -0.2% +0.2% +0.2% -6%
Core Equity RYQMX 12.33 -0.02 -0.2% -0.6% +4.6% -5%
MidCap 1.5x RYMDX 36.09 -0.11 -0.3% -0.9% +11.4% -5%
SmlCap Gwth RYWAX 28.49 -0.10 -0.3% -0.5% +3.8% -6%
Health Care RYHIX 14.57 -0.04 -0.3% -0.6% +2.0% -8%
S&P 500 RYSPX 27.15 -0.11 -0.4% -0.9% +4.8% -3%
Russ 2000 RYRHX 24.44 -0.10 -0.4% -0.8% +3.7% -7%
LgCap Gwth RYAWX 26.60 -0.13 -0.5% -0.9% +6.0% -4%
Biotech RYOIX 21.77 -0.12 -0.5% -1.7% +1.2% -5%
Internet RYIIX 42.55 -0.20 -0.5% +0.4% +10.4% -6%
Nova RYNVX 28.00 -0.17 -0.6% -1.4% +7.2% -9%
Banking RYKIX 7.86 -0.05 -0.6% -1.3% +4.0% -5%
R2000 1.5x RYMKX 30.18 -0.20 -0.7% -1.2% +5.5% -11%
Nasdaq 100 RYOCX 12.68 -0.10 -0.8% 0.0% +7.4% -8%
S&P 500 2x RYTNX 41.43 -0.35 -0.8% -1.9% +9.3% -13%
Financial Sv RYFIX 10.74 -0.09 -0.8% -1.5% +5.5% -7%
Technology RYTIX 12.72 -0.10 -0.8% -0.2% +8.1% -8%
Inv Gvt Bond RYJUX 17.29 -0.15 -0.9% -1.9% +2.9% -2%
Commodities RYMBX 35.09 -0.33 -0.9% -2.4% +7.4% +18%
Russ 2000 2x RYRSX 20.28 -0.20 -1.0% -1.5% +7.6% -15%
MidCap Val RYAVX 31.24 -0.31 -1.0% +0.2% +5.2% -3%
St Dollar 2x RYSBX 20.18 -0.20 -1.0% -0.8% +1.8% -11%
Electronics RYSIX 10.98 -0.13 -1.2% -1.3% +9.1% -10%
Real Estate RYHRX 34.39 -0.42 -1.2% -2.5% +6.1% +4%
SmlCap Valu RYAZX 25.76 -0.33 -1.3% -1.6% -2.9% -6%
NDX 2x RYVYX 24.22 -0.41 -1.7% -0.1% +15.0% -19%
LgCap Value RYZAX 20.67 -0.35 -1.7% -1.1% +3.4% -9%
Retailing RYRIX 12.05 -0.23 -1.9% -1.5% +4.4% -1%
Average -0.2% -0.6% +3.1% -3%
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RYDEX FUNDS SORTED BY RELATIVE STRENGTH RANK
This section ranks the funds in relative strength order using Decision
Point's proprietary PMO (Price Momentum Oscillator).
|-RankChg| |--% Price Change-| Hot/Cold PMO
PMO 5 15 On 5 15 Group & Xover
Name/Symbol Rank Day Day 04/30 Day Day Blinkers Sgnl/Days
---------------------- -- --- --- ----- ---- ---- |---------|---------
Energy Svcs RYVIX 1 0 0 +1.3% -2% +5% 3 ++ -+ BUY 33
NDX 2x RYVYX 2 +2 +4 -1.7% +1% +10% 1 ++ ++ + BUY 50
Energy RYEIX 3 -1 +2 +0.8% -2% +5% 3 ++ -+ BUY 28
Commodities RYMBX 4 -1 -1 -0.9% -3% +1% 5 -- -+ SELL 0
MidCap 1.5x RYMDX 5 +3 +14 -0.3% +2% +7% 1 ++ ++ + BUY 37
Real Estate RYHRX 6 +1 -2 -1.2% 0% +4% 3 ++ -+ + BUY 14
Internet RYIIX 7 +8 +27 -0.5% +2% +8% 1 ++ ++ + BUY 37
Dow 2x RYCVX 8 +3 +8 -0.2% +1% +4% 1 ++ ++ + BUY 43
Russ 2000 2x RYRSX 9 +3 0 -1.0% +2% +5% 3 ++ -+ + BUY 41
Electronics RYSIX 10 +7 +19 -1.2% +1% +5% 1 ++ ++ + BUY 41
S&P 500 2x RYTNX 11 +2 +12 -0.8% +1% +4% 1 ++ ++ + BUY 41
Nasdaq 100 RYOCX 12 +2 +6 -0.8% +1% +5% 1 ++ ++ + BUY 50
Sector Rotn RYSRX 13 -7 +8 +0.6% -2% +2% 3 ++ -+ BUY 35
Europe 1.25x RYEUX 14 -4 -6 +0.7% +1% +1% 1 ++ ++ BUY 36
Technology RYTIX 15 +8 +21 -0.8% +1% +5% 1 ++ ++ + BUY 37
MidCap Gwth RYBHX 16 0 +4 -0.1% +2% +4% 1 ++ ++ BUY 37
Nova RYNVX 17 +4 +9 -0.6% +1% +3% 1 ++ ++ + BUY 41
Basic Matls RYBIX 18 -13 -11 +0.9% -3% -2% 5 -- -+ SELL 1
R2000 1.5x RYMKX 19 +3 -5 -0.7% +1% +3% 3 ++ -+ + BUY 41
LgCap Gwth RYAWX 20 -2 +4 -0.5% 0% +3% 3 ++ -+ BUY 37
Transport RYPIX 21 +2 -9 -0.1% +5% +6% 1 ++ ++ + BUY 36
S&P 500 RYSPX 22 -3 -12 -0.4% 0% +2% 3 ++ -+ BUY 48
Retailing RYRIX 23 +6 -8 -1.9% +2% +5% 1 ++ ++ + BUY 12
Utilities RYUIX 24 -4 +15 0.0% -1% +2% 3 ++ -+ BUY 34
Russ 2000 RYRHX 25 +3 -3 -0.4% +1% +2% 3 ++ -+ + BUY 41
Telecom RYMIX 26 +9 +16 +0.2% +2% +5% 1 ++ ++ + BUY 37
Financial Sv RYFIX 27 +6 +1 -0.8% +3% +3% 1 ++ ++ + BUY 41
Hedged Eqty RYSTX 28 -1 +10 +0.3% 0% +2% 1 ++ ++ BUY 37
Wk Dollar 2x RYWBX 29 -20 -27 +0.9% -2% -2% 5 -- -+ SELL 29
Core Equity RYQMX 30 0 +2 -0.2% +1% +2% 1 ++ ++ BUY 37
Biotech RYOIX 31 -6 -1 -0.5% -2% +1% 3 +- -+ BUY 37
SmlCap Gwth RYWAX 32 -1 -7 -0.3% +1% +2% 1 ++ ++ BUY 37
MidCap Val RYAVX 33 +3 0 -1.0% +4% +4% 1 ++ ++ + BUY 14
Mgd Futures RYMFX 34 -8 -17 -0.1% -1% -1% 5 -- -+ SELL 7
Absolute Rtn RYMSX 35 -3 +2 +0.4% 0% +1% 1 ++ ++ BUY 36
Banking RYKIX 36 +4 -5 -0.6% +5% +3% 1 ++ ++ + BUY 6
Inv Gvt Bond RYJUX 37 +1 +11 -0.9% 0% +3% 3 ++ -+ + BUY 16
Consumer Prd RYCIX 38 -4 -11 -0.2% 0% 0% 5 -- -+ SELL 6
LgCap Value RYZAX 39 +5 +5 -1.7% +3% +1% 1 ++ ++ + BUY 13
Leisure RYLIX 40 +2 -5 0.0% +2% +1% 2 ++ +- + BUY 5
Health Care RYHIX 41 +2 +9 -0.3% 0% 0% 2 ++ +- + BUY 36
SmlCap Valu RYAZX 42 -1 -31 -1.3% +1% -1% 6 -- -- SELL 19
Lg Bond 1.2x RYGBX 43 -4 -30 +1.0% 0% -3% 4 -- +- SELL 16
St Dollar 2x RYSBX 44 +8 +9 -1.0% +2% +2% 2 ++ +- + BUY 29
Inv S&P 500 RYURX 45 0 -4 +0.4% 0% -2% 6 -- -- SELL 41
Inv Russ2000 RYSHX 46 0 -1 +0.4% -1% -3% 6 -- -- SELL 41
Inv MidCap RYMHX 47 0 -1 -0.2% -2% -4% 6 -- -- SELL 37
Inverse NDX RYAIX 48 +1 -1 +0.8% -1% -5% 5 -- -- + SELL 50
Inv SPX 2x RYTPX 49 -1 -6 +0.9% -1% -4% 6 -- -- SELL 41
Precious Mtl RYPMX 50 -13 -10 +2.3% -6% -11% 6 -- -- SELL 7
Inv Dow 2x RYCWX 51 0 -2 +0.2% -1% -5% 6 -- -- SELL 43
Inv R2000 2x RYIRX 52 -2 -1 +0.8% -2% -6% 6 -- -- SELL 41
Inv NDX 2x RYVNX 53 0 -1 +1.7% -1% -10% 6 -- -- SELL 50
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PMO (PRICE MOMENTUM OSCILLATOR) CROSSOVER SIGNALS
The PMO generates a BUY or SELL Signals when it crosses up or down through
its 10-EMA. These signals tend to be short-term in duration, but they can
last for several weeks. Do not take them at face value because they can
whipsaw quite a bit. They should be used to alert you to possible trading
opportunities not used as a mechanical trading model. Always check the daily
fund chart to verify the price pattern and the configuration of the PMO.
Signals are best when price appears extended, is near support or resistance,
and the PMO is very overbought or oversold. These signals may also be used to
manage positions based on the longer-term Price Momentum Model signals.
SUMMARY OF PMO CROSSOVER SIGNALS
Rydex Rydex
BUY SELL
Total Signals...: 37 16
% of Total......: 70% 30%
Ave Days Elapsed: 33 27
Ave High Profit.: +7% +6%
Ave Profit......: +5% +5%
Percentage of PMOs Rising ..........: 49%
Percentage of PMOs Above Zero.......: 72%
04/30 Cal
Close % Days High Today PMO
Name/Symbol NAV Change Signl Elap P/L P/L R/F Days
---------------------- ------ ------ ----- ---- ------- ------- --------
Leisure RYLIX 32.24 0.0% BUY 5 0.4% 0.4% R 6
Banking RYKIX 7.86 -0.6% BUY 6 2.4% 0.8% R 6
Retailing RYRIX 12.05 -1.9% BUY 12 2.5% 0.6% R 7
LgCap Value RYZAX 20.67 -1.7% BUY 13 2.0% 0.3% R 6
MidCap Val RYAVX 31.24 -1.0% BUY 14 3.1% 2.1% R 6
Real Estate RYHRX 34.39 -1.2% BUY 14 3.2% 0.6% F 0
Inv Gvt Bond RYJUX 17.29 -0.9% BUY 16 4.2% 2.2% F 0
Energy RYEIX 30.65 +0.8% BUY 28 12.6% 9.1% F 1
St Dollar 2x RYSBX 20.18 -1.0% BUY 29 0.6% -0.4% R 7
Energy Svcs RYVIX 64.75 +1.3% BUY 33 18.8% 13.3% F 2
Utilities RYUIX 30.96 0.0% BUY 34 7.5% 6.0% F 1
Sector Rotn RYSRX 14.45 +0.6% BUY 35 9.7% 6.6% F 1
Health Care RYHIX 14.57 -0.3% BUY 36 1.9% 0.9% R 7
Transport RYPIX 26.84 -0.1% BUY 36 4.1% 4.0% R 6
Absolute Rtn RYMSX 25.25 +0.4% BUY 36 2.3% 1.9% R 0
Europe 1.25x RYEUX 23.85 +0.7% BUY 36 7.7% 7.3% R 0
MidCap 1.5x RYMDX 36.09 -0.3% BUY 37 10.9% 9.6% R 15
LgCap Gwth RYAWX 26.60 -0.5% BUY 37 5.3% 4.3% F 0
MidCap Gwth RYBHX 28.62 -0.1% BUY 37 6.1% 5.3% R 14
SmlCap Gwth RYWAX 28.49 -0.3% BUY 37 2.9% 1.6% R 7
Biotech RYOIX 21.77 -0.5% BUY 37 5.5% 2.7% F 1
Internet RYIIX 42.55 -0.5% BUY 37 7.7% 7.2% R 14
Technology RYTIX 12.72 -0.8% BUY 37 6.2% 5.4% R 14
Telecom RYMIX 18.25 +0.2% BUY 37 6.5% 6.5% R 12
Core Equity RYQMX 12.33 -0.2% BUY 37 3.2% 2.4% R 14
Hedged Eqty RYSTX 23.95 +0.3% BUY 37 4.9% 4.2% R 0
Nova RYNVX 28.00 -0.6% BUY 41 7.7% 6.2% R 14
S&P 500 2x RYTNX 41.43 -0.8% BUY 41 10.1% 8.0% R 14
Russ 2000 RYRHX 24.44 -0.4% BUY 41 6.2% 4.8% F 0
R2000 1.5x RYMKX 30.18 -0.7% BUY 41 9.0% 6.8% F 0
Russ 2000 2x RYRSX 20.28 -1.0% BUY 41 12.5% 9.6% F 0
Electronics RYSIX 10.98 -1.2% BUY 41 11.6% 10.2% R 14
Financial Sv RYFIX 10.74 -0.8% BUY 41 3.3% 1.7% R 6
Dow 2x RYCVX 30.97 -0.2% BUY 43 7.7% 6.4% R 14
S&P 500 RYSPX 27.15 -0.4% BUY 48 6.3% 5.4% F 0
Nasdaq 100 RYOCX 12.68 -0.8% BUY 50 10.6% 9.8% R 14
NDX 2x RYVYX 24.22 -1.7% BUY 50 21.6% 19.5% R 14
Commodities RYMBX 35.09 -0.9% SELL 0 0.0% 1.4% F 1
Basic Matls RYBIX 52.68 +0.9% SELL 1 0.0% -0.9% F 7
Consumer Prd RYCIX 36.47 -0.2% SELL 6 0.5% 0.2% F 8
Precious Mtl RYPMX 65.60 +2.3% SELL 7 7.8% 5.7% F 9
Mgd Futures RYMFX 28.38 -0.1% SELL 7 1.3% 1.3% F 7
Lg Bond 1.2x RYGBX 11.35 +1.0% SELL 16 5.0% 2.9% R 0
SmlCap Valu RYAZX 25.76 -1.3% SELL 19 0.7% -0.9% F 1
Wk Dollar 2x RYWBX 28.67 +0.9% SELL 29 0.7% -0.2% F 7
Inv MidCap RYMHX 34.43 -0.2% SELL 37 6.8% 6.2% F 15
Inv S&P 500 RYURX 38.15 +0.4% SELL 41 5.0% 4.1% F 14
Inv SPX 2x RYTPX 31.65 +0.9% SELL 41 10.2% 8.5% F 14
Inv Russ2000 RYSHX 37.31 +0.4% SELL 41 6.8% 5.6% F 7
Inv R2000 2x RYIRX 43.21 +0.8% SELL 41 13.5% 11.3% F 7
Inv Dow 2x RYCWX 31.71 +0.2% SELL 43 8.4% 7.3% F 14
Inverse NDX RYAIX 19.70 +0.8% SELL 50 10.5% 9.8% F 14
Inv NDX 2x RYVNX 13.19 +1.7% SELL 50 21.2% 19.9% F 14
Average -0.2% 31 6.6% 5.2% 7
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PRICE MOMENTUM MODEL SIGNALS
The SWENLIN PRICE MOMENTUM MODEL is intended to catch long-term price moves.
Model Signals are mechanically generated by a 200-day exponential moving
average crossover in conjunction with a 10% price move in the opposite
direction of the current signal extreme. For example, assume that the current
signal is a BUY. If the price drops 10% from the signal high, and also drops
below the 200 DMA, a SELL Signal will be generated automatically. The
MOMENTUM MODEL SIGNALS work best when prices are trending and changing
direction smoothly. When prices are volatile, particularly in a 10% range,
results will be extremely poor. By design, these signals will always miss at
least the first 10% of a move. Rather than wait for a signal reversal, it is
best to use trend analysis and other indicators to decide when to exit a
position. New signals should alert you to the possibility that a change in
direction is taking place. Once alerted, watch price movement and other
indicators to determine an optimum entry point, if any.
SUMMARY OF PRICE MOMENTUM MODEL SIGNALS
Rydex Rydex
BUY SELL
Total Signals...: 21 32
% of Total......: 40% 60%
Ave Days Elapsed: 139 130
Ave High Profit.: +10% +14%
Ave Profit......: +6% +6%
Ave Rel to Stop.: +9% -3%
PRICE MOMENTUM MODEL SIGNALS
This is a list of PRICE MOMENTUM MODEL SIGNALS for the Rydex Funds.
The newest signals give notice that the trend may be in the process of
making a long-term change of direction.
THIS IS A LIST OF CANDIDATES FOR FURTHER RESEARCH AND IS NEITHER A
SOLICITATION NOR RECOMMENDATION TO BUY OR SELL THE LISTED SECURITIES.
04/30 Cal Price
Close % Days High Today Rel to
Name/Symbol NAV Change Sgnl Elap P/L P/L STOP Stop
---------------------- ------ ------ ---- ---- ------ ------ ------ -------
Technology RYTIX 12.72 -0.8% BUY 1 0.0% -0.8% 11.54 +10.2%
MidCap 1.5x RYMDX 36.09 -0.3% BUY 5 0.3% -0.9% 32.87 +9.8%
Internet RYIIX 42.55 -0.5% BUY 5 0.9% 0.4% 38.48 +10.6%
Nasdaq 100 RYOCX 12.68 -0.8% BUY 9 0.9% 0.2% 11.50 +10.2%
Europe 1.25x RYEUX 23.85 +0.7% BUY 9 0.0% -0.4% 21.56 +10.6%
S&P 500 RYSPX 27.15 -0.4% BUY 12 0.5% -0.4% 24.66 +10.1%
LgCap Gwth RYAWX 26.60 -0.5% BUY 12 0.6% -0.4% 24.18 +10.0%
MidCap Gwth RYBHX 28.62 -0.1% BUY 12 1.5% 0.8% 25.94 +10.3%
Transport RYPIX 26.84 -0.1% BUY 12 0.3% 0.2% 24.17 +11.0%
Sector Rotn RYSRX 14.45 +0.6% BUY 14 1.7% -1.2% 13.39 +7.9%
Energy RYEIX 30.65 +0.8% BUY 26 10.3% 6.9% 27.08 +13.2%
Real Estate RYHRX 34.39 -1.2% BUY 27 1.6% -1.0% 31.75 +8.3%
Energy Svcs RYVIX 64.75 +1.3% BUY 28 13.5% 8.2% 57.26 +13.1%
Basic Matls RYBIX 52.68 +0.9% BUY 89 10.0% 3.4% 49.61 +6.2%
Mgd Futures RYMFX 28.38 -0.1% BUY 139 9.8% 7.1% 26.17 +8.4%
Inv Russ2000 RYSHX 37.31 +0.4% BUY 170 18.0% 4.6% 36.76 +1.5%
Lg Bond 1.2x RYGBX 11.35 +1.0% BUY 244 14.6% 7.4% 10.90 +4.1%
Inv S&P 500 RYURX 38.15 +0.4% BUY 259 11.4% 2.1% 37.49 +1.7%
Commodities RYMBX 35.09 -0.9% BUY 345 51.7% 46.8% 29.99 +17.0%
Absolute Rtn RYMSX 25.25 +0.4% BUY 665 11.0% 4.2% 24.22 +4.3%
Wk Dollar 2x RYWBX 28.67 +0.9% BUY 828 48.5% 43.2% 26.21 +9.4%
Precious Mtl RYPMX 65.60 +2.3% SELL 6 4.1% 1.9% 70.57 -7.0%
Inverse NDX RYAIX 19.70 +0.8% SELL 12 1.7% 0.9% 21.49 -8.3%
Inv SPX 2x RYTPX 31.65 +0.9% SELL 12 1.0% -0.9% 34.16 -7.3%
Inv Dow 2x RYCWX 31.71 +0.2% SELL 12 0.6% -0.6% 34.49 -8.0%
Inv R2000 2x RYIRX 43.21 +0.8% SELL 12 1.4% -1.1% 46.35 -6.8%
Inv MidCap RYMHX 34.43 -0.2% SELL 14 2.0% 1.4% 37.63 -8.5%
Inv NDX 2x RYVNX 13.19 +1.7% SELL 29 8.7% 7.2% 14.27 -7.5%
MidCap Val RYAVX 31.24 -1.0% SELL 58 6.0% -4.1% 32.01 -2.4%
LgCap Value RYZAX 20.67 -1.7% SELL 61 8.8% 0.6% 22.28 -7.2%
Health Care RYHIX 14.57 -0.3% SELL 61 6.8% 1.6% 15.25 -4.5%
Consumer Prd RYCIX 36.47 -0.2% SELL 96 0.7% -3.1% 38.65 -5.7%
Utilities RYUIX 30.96 0.0% SELL 97 3.0% -4.1% 31.75 -2.5%
Hedged Eqty RYSTX 23.95 +0.3% SELL 105 6.3% 0.0% 24.68 -3.0%
Nova RYNVX 28.00 -0.6% SELL 117 14.2% 3.0% 28.97 -3.3%
S&P 500 2x RYTNX 41.43 -0.8% SELL 117 19.6% 5.8% 44.06 -6.0%
NDX 2x RYVYX 24.22 -1.7% SELL 117 28.8% 8.0% 24.87 -2.6%
Biotech RYOIX 21.77 -0.5% SELL 117 13.0% 3.6% 22.39 -2.8%
Dow 2x RYCVX 30.97 -0.2% SELL 119 19.8% 5.5% 31.73 -2.4%
Russ 2000 RYRHX 24.44 -0.4% SELL 163 13.7% 4.5% 25.32 -3.5%
SmlCap Gwth RYWAX 28.49 -0.3% SELL 163 14.3% 5.8% 29.56 -3.6%
Leisure RYLIX 32.24 0.0% SELL 163 14.6% 9.1% 33.99 -5.1%
Core Equity RYQMX 12.33 -0.2% SELL 163 11.5% 3.8% 12.78 -3.5%
Electronics RYSIX 10.98 -1.2% SELL 170 21.2% 11.0% 11.52 -4.7%
Telecom RYMIX 18.25 +0.2% SELL 173 19.9% 10.0% 18.89 -3.4%
R2000 1.5x RYMKX 30.18 -0.7% SELL 175 25.2% 13.4% 32.38 -6.8%
Financial Sv RYFIX 10.74 -0.8% SELL 180 22.2% 12.5% 11.61 -7.5%
Russ 2000 2x RYRSX 20.28 -1.0% SELL 194 37.2% 23.7% 22.74 -10.8%
Inv Gvt Bond RYJUX 17.29 -0.9% SELL 236 10.2% 5.7% 18.12 -4.6%
Retailing RYRIX 12.05 -1.9% SELL 278 22.9% 12.4% 12.43 -3.1%
SmlCap Valu RYAZX 25.76 -1.3% SELL 279 29.0% 23.1% 28.63 -10.0%
Banking RYKIX 7.86 -0.6% SELL 281 31.1% 23.5% 8.70 -9.7%
St Dollar 2x RYSBX 20.18 -1.0% SELL 366 19.9% 17.2% 22.16 -8.9%
Average -0.2% 133 12.2% 6.3% +0.1%
****************************************************************************
SHORT-TERM (PMO) and LONG-TERM (PMM) SIGNAL COMPARISONS
The Price Momentum Model (PMM) signal provides guidance regarding the
longer-term trend, and the Price Momentum Oscillator (PMO) signals identify
the shorter-term trend. A logical trading methodology is to open positions
on new PMO signals when they are compatable with the PMM signals. Positions
may be closed or hedged when the PMM and PMO signals are in conflict.
This section compares the PMM and PMO signals side by side and provides
some mechanical analysis. A "Warn!" flag is an alert that the PMO signal is
in conflict with the PMM -- closing or hedging the PMM position may be
considered. A "Buy?" or "Sell?" flag is an alert that the PMO signal has
just changed and is the same as the PMM signal -- opening new PMM positions
may be considered.
SUMMARY OF SHORT-TERM AND LONG-TERM SIGNALS FOR RYDEX FUNDS
SHORT-TERM LONG-TERM
PMO PMO PMM PMM
BUY SELL BUY SELL
Total Signals...: 37 16 21 32
% of Total......: 70% 30% 40% 60%
Ave Days Elapsed: 33 27 139 130
Ave High Profit.: +7% +6% +10% +14%
Ave Profit......: +5% +5% +6% +6%
Ave Rel to Stop.: +9% -3%
Percentage of PMOs Rising ..........: 49%
Percentage of PMOs Above Zero.......: 72%
|-- PMO Crossover Model ---|-- Price Momentum Model --|
| PMO High Today | PMM High Today|
Name Flag| Sgnl Day P/L P/L | Sgnl Days P/L P/L|
--------------- -----| ---- --- ------- ------- | ---- ---- ------- -------|
Nova Warn! BUY 41 +7.7% +6.2% SELL 117 +14.2% +3.1%
S&P 500 BUY 48 +6.3% +5.4% BUY 12 +0.5% -0.4%
Inv S&P 500 Warn! SELL 41 +5.0% +4.1% BUY 259 +11.5% +2.1%
Nasdaq 100 BUY 50 +10.7% +9.8% BUY 9 +1.0% +0.2%
Inverse NDX SELL 50 +10.5% +9.8% SELL 12 +1.7% +0.9%
S&P 500 2x Warn! BUY 41 +10.1% +8.0% SELL 117 +19.6% +5.8%
Inv SPX 2x SELL 41 +10.2% +8.5% SELL 12 +1.0% -0.9%
NDX 2x Warn! BUY 50 +21.6% +19.6% SELL 117 +28.8% +8.0%
Inv NDX 2x SELL 50 +21.2% +19.9% SELL 29 +8.7% +7.2%
Dow 2x Warn! BUY 43 +7.7% +6.4% SELL 119 +19.8% +5.5%
Inv Dow 2x SELL 43 +8.4% +7.3% SELL 12 +0.6% -0.6%
MidCap 1.5x BUY 37 +10.9% +9.6% BUY 5 +0.3% -0.9%
Inv MidCap SELL 37 +6.8% +6.2% SELL 14 +2.0% +1.4%
Russ 2000 Warn! BUY 41 +6.2% +4.8% SELL 163 +13.7% +4.5%
R2000 1.5x Warn! BUY 41 +9.0% +6.8% SELL 175 +25.2% +13.4%
Inv Russ2000 Warn! SELL 41 +6.8% +5.6% BUY 170 +18.0% +4.6%
Russ 2000 2x Warn! BUY 41 +12.5% +9.6% SELL 194 +37.2% +23.7%
Inv R2000 2x SELL 41 +13.5% +11.3% SELL 12 +1.4% -1.1%
LgCap Gwth BUY 37 +5.3% +4.3% BUY 12 +0.6% -0.4%
LgCap Value Warn! BUY 13 +2.0% +0.3% SELL 61 +8.9% +0.6%
MidCap Gwth BUY 37 +6.1% +5.3% BUY 12 +1.5% +0.8%
MidCap Val Warn! BUY 14 +3.1% +2.1% SELL 58 +6.0% -4.1%
SmlCap Gwth Warn! BUY 37 +2.9% +1.6% SELL 163 +14.3% +5.8%
SmlCap Valu SELL 19 +0.7% -0.9% SELL 279 +29.0% +23.1%
Banking Warn! BUY 6 +2.4% +0.8% SELL 281 +31.1% +23.5%
Basic Matls Warn! SELL 1 0.0% -0.9% BUY 89 +10.0% +3.4%
Biotech Warn! BUY 37 +5.5% +2.7% SELL 117 +13.0% +3.6%
Consumer Prd SELL 6 +0.5% +0.2% SELL 96 +0.7% -3.1%
Electronics Warn! BUY 41 +11.7% +10.2% SELL 170 +21.2% +11.0%
Energy BUY 28 +12.6% +9.1% BUY 26 +10.3% +6.9%
Energy Svcs BUY 33 +18.8% +13.3% BUY 28 +13.5% +8.2%
Financial Sv Warn! BUY 41 +3.3% +1.7% SELL 180 +22.2% +12.5%
Health Care Warn! BUY 36 +1.9% +0.9% SELL 61 +6.8% +1.6%
Internet BUY 37 +7.7% +7.2% BUY 5 +0.9% +0.5%
Leisure Warn! BUY 5 +0.4% +0.4% SELL 163 +14.6% +9.1%
Precious Mtl SELL 7 +7.8% +5.7% SELL 6 +4.1% +1.9%
Real Estate BUY 14 +3.2% +0.6% BUY 27 +1.6% -1.0%
Retailing Warn! BUY 12 +2.5% +0.6% SELL 278 +22.9% +12.4%
Technology BUY 37 +6.2% +5.4% BUY 1 0.0% -0.8%
Telecom Warn! BUY 37 +6.5% +6.5% SELL 173 +19.9% +10.0%
Transport BUY 36 +4.1% +4.0% BUY 12 +0.3% +0.2%
Utilities Warn! BUY 34 +7.5% +6.0% SELL 97 +3.0% -4.1%
Lg Bond 1.2x Warn! SELL 16 +5.1% +2.9% BUY 244 +14.6% +7.4%
Inv Gvt Bond Warn! BUY 16 +4.2% +2.3% SELL 236 +10.2% +5.7%
St Dollar 2x Warn! BUY 29 +0.6% -0.4% SELL 366 +19.9% +17.2%
Wk Dollar 2x Warn! SELL 29 +0.7% -0.2% BUY 828 +48.5% +43.2%
Commodities Warn! *SELL 0 0.0% +1.4% BUY 345 +51.7% +46.8%
Absolute Rtn BUY 36 +2.3% +1.9% BUY 665 +11.0% +4.2%
Core Equity Warn! BUY 37 +3.2% +2.4% SELL 163 +11.5% +3.8%
Hedged Eqty Warn! BUY 37 +4.9% +4.2% SELL 105 +6.3% 0.0%
Mgd Futures Warn! SELL 7 +1.3% +1.3% BUY 139 +9.8% +7.1%
Sector Rotn BUY 35 +9.7% +6.6% BUY 14 +1.7% -1.2%
Europe 1.25x BUY 36 +7.7% +7.3% BUY 9 0.0% -0.4%
Average 31 +6.6% +5.2% 133 +12.2% +6.3%
*****************************************************************************
EXPLANATION OF TABLE HEADINGS
Close NAV: The fund's net asset value as of today's close.
% Change: Percentage that price has changed from prior day's close.
PMO Rank: Shows the rank of the PMO in relation to the other securities
in the list.
5 Day Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) in the last 5 days.
15 Day Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) in the last 15 days.
YTD Rank Chg: The total number of PMO ranks the security has moved up (+)
or down (-) since the beginning of the year.
Signl: The signal designations of BUY and SELL indicate the current
direction of momentum and are not an indication that continuous buying or
selling should take place. Signals that are a few days or weeks old give the
best indication that profitable action MIGHT be taken.
Signal Flag: When the PMO signal disagrees with the PMM signal, the flag
will be "Warn!" On the day the PMO signal changes back into agreement
with the PMM signal, the flag will remind that new positions may be
considered by indicating "Buy?" or "Sell?"
Cal Days Elap: Indicates the number of calendar days that have elapsed since
the current signal was initiated.
High P/L: Highest profit or least loss experienced since the current signal
was initiated. On the first day of a new signal the P/L displayed is the
closing P/L for the prior signal.
Today P/L: Profit or loss for the signal since it was initiated. On the
first day of a new signal the P/L displayed is the closing P/L for the prior
signal.
STOP: The price at which the mechanical PMM signal will reverse.
Price Rel to Stop: This column shows the relationship of the current price
to the price at which the signal will change. (i.e. +5.3% means the current
price is 5.3% above the signal change price.
PMO R/F Days: The direction of the PMO (rising/falling) and number of
calendar days trend has been effect.
The Hot/Cold grouping ranks securities/indexes into six (6) groups ranging
from 1 (Hot) to 6 (Cold) according to price strength, internal strength,
and relative strength. We can quickly assess the condition of these
elements by the group number and "blinker" fields. Moving from left to
right: The first blinker tells us if the PMO is above (+) or below (-) its
10-day exponential moving average (EMA). The second blinker indicates if
the closing price is above (+) or below (-) it's 20-DMA. The third and
fourth blinkers tell us if the PMO is rising (+) or falling (-), and if it
is above (+) or below (-) zero. The fifth blinker tells us if the 5-day PMO
rank change is positive (+), negative (-), or no change ( ). Groups 1-3
should be considered as buy candidates, 4-6 as sell candidates.
CAVEAT
We make every effort to insure the accuracy of this information, but we
cannot guarantee it. It is always possible that errors will creep in. If it
doesn't make sense, let us know about it. Also, we make every effort to upload
this data each market day, but circumstances may be such that it is not
possible due to circumstances beyond our control.
End of Rydex Tracker Daily Report for Wednesday 4/30/2008
Copyright 2008 Decision Point. This publication is not to be summarized,
reproduced, or rebroadcast in any fashion without our written permission.
Nothing herein should be construed as an offer or solicitation to buy or
sell any security. Past performance does not guarantee or imply future
results.
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