S&P 500 Daily Perspective for Wed 15 Nov 2023

GDR Model Performance

This year has been challenging for the GDR Model’s style due to low confidence in the market at the start of the year.

GDR Model Outlook

The markets continued improving and is now mostly bullish. As a reminder, this is not a price-focused model so while there have been strong rallies over the last few days, the outlook is still not decisively bullish.

GDR Model Position

While the GDR Model still sees some crosscurrents in the market, it has opted to increase its long position. Should market conditions become adverse again, I would expect the model to reduce of close this long position rather quickly.

S&P 500 Futures Market Profile Chart