S&P 500 Daily Perspective for Fri 29 Nov 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 has found consistent strength in the market over the last several trading days and is back to bullish. Based on price alone, today’s liquidation may have looked weak, but the model continued to find strength throughout the day. There is no change to the odds of continued upside at this point.

Note on the Fundamentals Outlook (as of 17 June 2024):

for the first time in a while the model showed stocks as being richly valued (i.e. overpriced). Note that this is just a barometer to help guide longer-term decision-making rather than short-term market timing.

GDR Model Position

Following decent strength in the market, the GDR Model is holding a sizable long position. There are fair chances we’re about to see a new leg up in the market.