S&P 500 Daily Perspective for Mon 20 Apr 2026

GDR Model Performance

Please see the Performance page for more detailed performance numbers, how they’re calculated, and a chart.

For the fine print (a.k.a. the lawyer-approved stuff), don’t miss the Disclaimers section—it’s where all the “officially important” bits live!

GDR Model Outlook

Overall Outlook (as of 17 Apr 2026): MOSTLY BULLISH. Market conditions have improved markedly and have been on a constant upward path. It’s interesting that the long-term component is lagging by so much…

Fundamentals Outlook (as of 15 Apr 2026): Fair Value/Rich. The recent run-up in price has made fundamental valuations less attractive so the model is like to be more conservative on the long side going forward.

Long-Term Outlook (as of 17 Apr 2026): Bearish. The market remains bearish on the long-term timeframe, but this week closed out with strength…

Short-Term Outlook (as of 17 Apr 2026): Bullish. The market was strong throughout the day.

Breadth Outlook (as of 17 Apr 2026): Bullish. Breadth is back up to bullish and confirming the short-term strength.

Volatility Outlook (as of 17 Apr 2026): Calm. Volatility remains calm. If sustained, the expectation should start to shift to tighter ranges and a general upward drift.

GDR Model Position

The GDR Model’s read of the current market is mostly bullish, but at this point it’s opting to take some risk off at least temporarily. Positioning is now essentially flat.