Market On Open, Tuesday 15 October
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Keep Calm And Carry On
by Alex King, CEO, Cestrian Capital Research, Inc
Well, the market keeps on grinding upwards; every day I go over our equity charts to look for where the rug-pull may come, and every day I get ready to hit the hedge or the sell button, but so far, only-up. As I mentioned yesterday, the pervasive bullishness of market sentiment is what, in the end, will mark the top; when everyone is bullish is when sellers will start to really take advantage of that sentiment. But for now? Up.
Oh apart from the dump this morning!
A Real AI Use Case
I am delighted to say that our new SignalFlow AI service has gotten off to a flying start. This has been our fastest-selling service to date and my conclusion from that is that a lot of people, myself included, are looking for emotionless ways to assess market direction. All of us have our own methods of doing so - you see my methods posted in this market note each and every trading day - but having a robot buddy studying the same thing and reaching its own conclusion is a great thing in my book.
SignalFlow AI sounds complicated, and the underlying model is complicated, but the output is simple. The service - at the low launch price - is focused very simply on the S&P500. The outputs are, risk on, and risk off. Risk on = buy or hold the S&P500 (the model uses $SPY but other ETFs would work too); risk off = sell the S&P500. You can use this to move capital into and out of $SPY, and/or you can use it to help you assess the overall risk environment as regards other stocks and ETFs you may hold.
Want to take advantage of launch pricing? Read more here:
Short- And Medium-Term Market Analysis
If you want the past-the-paywall content of this daily note - we walk through the S&P500, the Nasdaq, the Dow, the Russell 2000, bonds, oil, volatility, tech and semiconductor, just click here. 7 day free trial available.