S&P 500 Daily Perspective for Wed 7 Aug 2024

GDR Model Performance

Please see the Performance page for more detailed performance numbers, how they’re calculated and a chart.

GDR Model Outlook

The GDR Model is mostly neutral to bearish as the market has shown material weakness over the last two days.

Note on the Fundamentals Outlook (as of 17 June 2024):

for the first time in a while the model is showing stocks as being richly valued (i.e. overpriced). Note that this is just a barometer to help guide longer-term decision-making.

GDR Model Position

Following the weakness at the end of last week, the GDR Model is back to essentially flat. If the market continues to grow weaker, the model is likely to open a short position.

S&P 500 Futures Market Profile Chart