S&P 500 Daily Perspective for Wed 14 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 recently shown material weakness.

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 has tactically added a long position, but given the recent weakness in the market, it’s unlikely to be sustained for long.

S&P 500 Futures Market Profile Chart