S&P 500 Daily Perspective for Thu 29 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 as 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 detected some weakness in the market that was enough to make it more conservative and reduce its long position.

S&P 500 Futures Market Profile Chart

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