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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
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
UPDATE January 16
just the results from Google this morning.
UPDATE January 16
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
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
we are close to uninverting, that is bad.
UPDATE January 16
UPDATE January 16
UPDATE January 16
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
UPDATE January 16
Be Safe, Be Careful, Be Wise
and as always
Good Luck
UPDATE January 16
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