S&P 500 Daily Perspective for Thu 18 Jul 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 strength has returned to the market. Despite the sell-off, the market continues to be strong so for now odds are the trend will resume…

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 a modest long position as the relative lack of volatility has continued to pull the market higher.

S&P 500 Futures Market Profile Chart