S&P 500 Daily Perspective for Wed 21 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 bullish. The market has shown meaningful strength over the last several 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

The GDR Model is carrying a significant long position. While the market may well be stretched to the upside at this point, the underlying strength is definitely present and that is the key parameter in determining the model’s positioning.

S&P 500 Futures Market Profile Chart

*** The Market Profile Chart is on a hiatus while I take a much needed vacation ***