Market On Open, Monday 13 October

DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Read our full disclaimer, here.

Phew. And Double Phew.

by Alex King, CEO, Cestrian Capital Research, Inc

If you’re a member of our Inner Circle service, I hope you came into Friday prepared. Hedged and/or delevered and/or degrossed and/or with put protection or even just having fortified your gut-brain axis in preparation for the coming assault. In securities markets you have to treat the unexpected as the expected; you have to be ready for the market to rip in exactly the opposite direction that you planned for, and you have to have a plan to deal with it if that happens.

Each day in these Market On Open notes we try to lay out which direction equities, bonds, oil, crypto, volatility and key sectors can move and why; and the possible degree of that move over different timeframes. We do not, of course, hope to call every twist and turn correctly, that’s impossible. We do, however, hope to prepare all our members for the range of outcomes - and in our real-time Slack chat and trade disclosure alerts we hope to help our members get ever-sharper in risk management methods.

Here’s what one of our subscribers had to say about our risk management education.

"Saved My Portfolio Bacon ... Chad No More!"

Cestrian Capital Research's Inner Circle service is exactly what I’ve been looking for and not been able to find until now. I’ve subscribed to several well known stock picking & research services over the years, but none of them match the combination of analysis, selection, process, monitoring and timely trading alerts which I need. The ability for me to accumulate, hold, & distribute selected stocks with confidence based on trading price points developed by Cestrian using a combination of Elliot Wave Theory/Fibonacci Retracements/Wyckoff cycle timing all informed by institutional trading volumes is what I really value, along with really good quarterly earnings reports, which further reinforce stock updates. Alex saved my portfolio bacon with his “Buckle Up” post in November 2021, which prompted me to sell 50% of my holdings across the board that day - how I wish I had sold 100%, but I was new to the service! Cestrian communications come with the added bonus of humour & self deprecation, they are fun to read. Chad no more!  

OK, let’s do it. Here’s our daily market note follows, covering yields, bonds, equities, volatility, oil, crypto, and key sectors.