S&P 500 Daily Perspective for Mon 13 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 market improved towards the end of last week and is now slightly bullish. As a reminder, this is not a price-focused model so while there was a strong rally at the end of the week, the outlook is still far from 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