S&P 500 Daily Perspective for Tue 15 Oct 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 back to mostly bullish. Unlike the first four days of last week, the market is now showing significant strength. Moreover, volatility has been largely stifled, which helps even weak rallies survive for longer.

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 effectively still flat. After the market shows material weakness, the model tends to hesitate a bit to re-enter a long position, however, should the market continue as strong as it’s been the last couple of days the model would be very likely to add a material long position soon…