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    Volatility Reports 1/22/24

    January 22, 2024

January 22, 2024

Volatility Reports 1/22/24

Outlook and positions going into last week and now going into this week, little change

  • Bullish on US Dollar
  • Bullish on interest rates
  • Bullish on inflation from wages to consumer prices
  • Bullish on most forms of energy
  • Bullish on freight and shipping rates
  • Bearish on Bitcoin and all Crypto Currencies
  • Bearish on most FX pairs of major US trading partners
  • Bearish on Dow and S&P
  • Neutral on Gold, Silvers and non commercial metals.

Four days ago in the group space

The short term is a bearish technical situation on the long bonds, which would also apply to the notes and bills as well. “Bonds have finished their first leg up of a large counter trend. all the folks I read that cover bonds are nostalgic for the good old days of financial repression. To coin a phrase, “That ain’t gonna happen.” Our model sees a comeback in inflation starting in the extremely near term as mentioned in this space.” I went on to say,

“The typical retracements of an “A” wave in EWT is 62% or more. I have highlighted that level of the futures in the right-hand window.” (Same chart updated below.)

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