S&P 500 Daily Perspective for Wed 17 Jul 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 as strength has returned to the market. Assuming this strength isn’t fleeting, the market could be setting up to continue higher…
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.
The GDR Model has a modest long position as the relative lack of volatility continues to pull the market higher.
S&P 500 Futures Market Profile Chart
