UPDATE January 16
A quick update to start the week. We are topping. This COULD just drop to around 380, but I expect chop at the top. There are many reasons for the drop. Basically it all boils $ProShares Ultra Bloomberg Natural Gas(BOIL.US$ 😆 down to inflation. It's not coming down, it was never going to. The numbers are lies because they are month over month or year over year. The 9% inflation year screwed everybody because no one got a 10% raise that year. The best anyone can do is keep up knowing they are at a 10% inflation deficit. You use 10% more of your income to pay for regular items like bills gas and food. My guess is that most people pay a much higher percentage than that. That is because on top of the 9% year we had a 6% year. And these are government numbers so they are well below actual inflation. Here is what REAL inflation looks like. This is an older chart, I was lazy and used what I had, the updated looks much worse. But the below chart shows actual inflation (prices) on top and the governments Inflation Rates below it. Do you see any correlation? I see prices rising drastically since 1970 while the government says inflation is dropping 🤔 ODD, that's when the FED was given a "duel mandate" to control inflation (while they have no control over inflation they do control the numbers you see 😁) and full employment (next chart)
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/7cd30b33f1b931859fd08e59442b30b4.jpg/bigmoo)
full employment???? 🫣 it seems we have full employment of only half the population 🤔 but that's OK! we just won't count the other half, to make us meet our mandate 😂 see the numbers are great, why are you complaining? 🙃
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/71c03d772d983ef3bdbb20de09ddb226.jpg/bigmoo)
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/8f8231432eb63db485c9ba4c5a826f3c.jpg/bigmoo)
just the results from Google this morning.
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/6eee9c3c406b3571a221773be1b4bc0e.jpg/bigmoo)
This ship is sinking. A top is forming, is it THE TOP? I don't think so, but I'm not counting it out.
The VIX got above the 50 MA and the mid bollinger, it should make a try for the 200 MA
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/c1b6e9d26bb33e1bb01bf1796958f469.jpg/bigmoo)
It got the 9 count and went back to the 200 MA, it's running this morning. This is a critical point, it either overtakes the 200 MA (yellow) and continues up or drops back down, I think it goes up.
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/c2be96a07db63bad9b78c51aa9826395.jpg/bigmoo)
we are close to uninverting, that is bad.
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/2eaaab979f8b36a3a6fb6c008111cc83.jpg/bigmoo)
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/635765177638338cbc2d24ae51e9af21.jpg/bigmoo)
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/f88aaae92b1234889d3b03fdec111264.jpg/bigmoo)
I'm looking at the downside for the week near 395. the upside is 415, I think we COULD reach both. It would take I positive day today to do it. There are big options expiring on Friday, so we could see volatility and some crazy swings. 🤪 The indexes aren't where I'd be. I like energy, specifically URANIUM.
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/f0bfc832698e3159b9a3b7fa1168fae1.jpg/bigmoo)
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/ca961e1c2aea34218dd1aff3bdedcf60.jpg/bigmoo)
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
![UPDATE January 16](https://ussnsimg.moomoo.com/feed_image/70624085/68d152ffc7fd39ee8a97f52c84896496.png/bigmoo)
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