JOJO Forecast


Bullish Case: JOJO could recover due to a potential rebound from current lows, historical data favoring longer holding periods, and favorable macroeconomic factors.


Bearish Case: Recent price action has been mostly flat, with a tendency to deliver negative returns over longer periods, increasing risk of further downside.


Potential Outcomes:

1. Market rebound: 30% likely (+10-15%), driven by macro improvements and sector rotation.

2. Continued flat trading: 40% likely (-1% to +2%) with low volatility.

3. Price erosion: 30% likely (-5% to -10%) amid weak economic outlook and sector underperformance.


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June 25, 2024


ATAC Credit Rotation Forecast

JOJO      ATAC Credit Rotation











Correlated Assets

Assets that tend to move strongly with JOJO



TYD Forecast + Options Trading Strategies   TYD  Direxion Daily 7-10 Year Treasury Bull 3X Shares (0.94)


ZROZ Forecast + Options Trading Strategies   ZROZ  PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded (0.91)


VGLT Forecast + Options Trading Strategies   VGLT  Vanguard Group, Inc. - Vanguard Long-Term Treasury (0.91)


EDV Forecast + Options Trading Strategies   EDV  Vanguard Group, Inc. - Vanguard Extended Duration Treasury (0.9)


MCD Forecast + Options Trading Strategies   MCD  McDonald's (0.88)



Uncorrelated Assets

Assets with little price relationship to JOJO



HBAN Forecast + Options Trading Strategies   HBAN  Huntington Bancshares (0.0)


VIG Forecast + Options Trading Strategies   VIG  Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF (-0.0)


HL Forecast + Options Trading Strategies   HL  Hecla Mining (0.0)


DFEN Forecast + Options Trading Strategies   DFEN  Direxion Daily Aerospace & Defense Bull 3X Shares (-0.0)


UHS Forecast + Options Trading Strategies   UHS  Universal Health Services (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against JOJO



UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (-0.77)


USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (-0.78)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (-0.79)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (-0.8)


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.88)





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