Why is ChatGPT so powerful and smart?

No question, ChatGPT is one of the mostly talked and chased about AI applications. Its humanized mindset and intelligence is amazing and overwhelmingly impressive. So why can it reach such an extent? Just look at the following data: we are living in an information explosion era and we human beings are facing extreme challenges to digest so much information created every second. 

For example, every minute, users send 575,000 tweets; share 240,000 photos on Facebook; stream 452,000 hours of Netflix (NFLX ). Google conducts 5.7 million searches, and consumers spend $283,000 on Amazon (AMZN).

With this kind of ocean-scale of new data emerging constantly, man can hardly compete with AIs in terms of learning and digesting. As such, I have no doubt that AIs will develop at an exponential speed and very soon we will see AIs replace human jobs in many industries, including the medical field. Be prepared for what is coming! 

Buy the panic selloffs

Here was my advice prior to the opening today:

Has the next leg down started?

• The Federal Reserve Bank of New York's Household Debt and Credit Report showed consumer credit card balances hit a new high of $986 billion as inflation and high rates hurt disposable income.

This is kind of the current situation we are in regarding the general financial status for Americans. Basically, overall we are living on the sea wave of debt, which is not a great situation for the stock market going forward. Of course, the market has its own mind and it may simply defy gravity by going up regardless. 

For me and DW Family we just use the gyrations of the market to make money, regardless of which direction. Today is another great day for us, not only for the fantastic overnight trade, but we have also nailed the intraday strong rebound, which allows us to create a great trade for the dead cat bounce.

For now, just want to share an analysis regarding the current market status. Be careful!!

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Take a look at this chart of the NYSE McClellan Summation Index (NYSI) mapped along with its 9-day exponential moving average (EMA – blue line)…

This Summation Index is another technical tool for measuring market momentum.

Whenever the NYSI rallies above its 9-day EMA, it indicates that momentum is turning higher – and that's usually a good time to buy stocks.

Whenever the NYSI falls below its 9-day EMA, momentum is waning. That's usually a good time to sell.

The red arrows on the chart show the sell signals over the past year. Here's how those sell signals lined up with the S&P 500…

All four of the previous sell signals led to an immediate decline in the broad stock market.

Some declines were mild – like the 6% drop in December.

But the sell signals last April and last August were much more significant – swiping more than 600 points off the index.

The NYSI just generated another sell signal. There's no telling if this signal will lead to a mild decline or if we're headed for something more significant.

Either way, though, there's a good chance stocks are headed lower in the weeks ahead.

A spectacular tug war!

 It has been really an amazing market to watch and trade. Here is the note I sent to DW Family before opening today.

 

And we did closed both overnight trades for very nice gains.

But the excitement has not stopped here.

 

Sure enough, we saw an intensive selloff before closing today and the put we bought just a few hours earlier had already jumped 80% higher by closing. I think we will see more selling tomorrow, which will bring us more overnight money😀😍

Actually it has been really a very productive week for DW Family as we also booked in other overnight profits when the market went wild.