S&P 500 Daily Perspective for Tue 8 Oct 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 bullish to neutral following considerable weakness in breadth and momentum on Monday. Remember, this model is (mostly) price-blind and focuses almost exclusively on the market’s underlying strength or weakness.

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

Due to the weakness in the market to start the week, the GDR Model has all but closed its long position. Whether this more neutral stance is short-lived or not depends on whether or not there is further continuation to the downside in the market’s underlying strength.