Figure 1.

Rydex Bullish and Leveraged to Bearish and Leveraged/ daily

1) The ratio of Bullish and Leveraged to Bearish and Leveraged: 0.89

2) Values <=1 (below blue line) means more bears than bulls and typically this is bullish for
prices

3) Values >=2 (above red line) means more bulls than bears and typically, this is bearish for
prices
Figure 2. Rydex Money Market Fund/ daily

1) The current value: 1645.73

2) High indicator value suggests fear as investors are seeking the safety of the money
market fund; this is bullish for higher prices

3) Low indicator value suggests complacency as investors are fully invested; this is bearish
for higher prices

4) The trading bands are set to identify values that are 2 standard deviations above normal
over the past 40 trading days
Figure 3. Rydex Relative and Absolute Combination Indicator/ daily

1) When the indicator is green  bullish for higher prices

2) When the indicator is red  bearish for higher prices

3) The indicator uses the total amount of assets in all bullish funds and the total amount of
assets in all bearish funds; the indicator looks for both relative and absolute extremes in
the data
Figure 4. Rydex Total Bull v. Total Bear/ weekly

1) The indicator uses the total amount of assets in all bullish funds and the total amount of
assets in all bearish funds

2) The indicator attempts to identify multi – week swings

3) When the indicator is green, Rydex investors are bearish and there are more assets in
bearish oriented funds than bullish oriented funds; in general, this is bullish for higher
prices

4) When the indicator crosses above the signal line, prices tend to move higher

5) Indicator values >=58% lead to intermediate term tops

Figure 5. Rydex Buying Power/ weekly

1) This indicator is constructed from all the assets in the Rydex Money Market Fund and
from the total amount of assets in all bullish funds.

2) The purpose of the indicator is to assess the amount of money or buying power on the
sidelines

3) High buying power  bullish signal

4) Low buying power  bearish signal

5) The trading bands are set to identify values that are 2 standard deviations above normal
over the past 52 weeks