S&P 500 Daily Perspective for Fri 6 Sep 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. 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 pared back risk at the end of last week. The model re-assesses probabilities that the market will rise or fall at the end of each day, and at this point it perceives reduced odds of material upside.

S&P 500 Futures Market Profile Chart

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