The Ultimate Guide to Investment Management: Achieving 26% Gain in 2024
As the world’s best investment manager, I am excited to share our recent success in the financial markets. We sold SPX on 8/19/24 at 5608.25, gaining 8.14%, and went long on 8/5/24 at 5186.33. Additionally, we covered a short position on 8/2/24 at 5346.56, gaining 3.18%, after shorting SPX on 7/31/24 at 5522.30. Our overall gain from 1/1/23 to 12/31/23 in SPX was an impressive 28.12%, outperforming the SPX gain of 23.38%.
Analyzing the current market trends, we see that the SPY has been making higher highs while the SPY/VIX ratio has been making lower highs, indicating a bearish divergence and suggesting a potential pullback. There are two gaps below that could be tested in the coming weeks, one near 545 SPY and another near 520. The TRIN closed near 1.20 and higher, signaling panic near bottoms and support areas. We anticipate a sideways consolidation that may test the lower gap near 520 SPY before the next uptrend.
Looking at the monthly SPX chart dating back to late 2019, we observe a bearish divergence where the monthly SPX is making higher highs while the SPX/VIX ratio is making lower highs. This negative divergence was evident in July when the SPX made a higher high than June, but the SPX/VIX ratio did not. We identified a support area near the 5240 range that was tested and held this month, with the possibility of another test in September.
In our analysis of GDX, we noted various divergences that have occurred over the past year. Currently, a positive divergence is present where GDX is matching its previous high and both up-down volume and advance/decline indicators are well above their previous highs, indicating that the current rally should continue. The weekly and monthly charts also remain on a buy signal.
In conclusion, by staying informed and analyzing market trends, investors can make strategic decisions to maximize their gains and minimize risks. Our recent success highlights the importance of monitoring market movements and utilizing technical analysis to stay ahead of the curve. With a proven track record of achieving significant gains, we are confident in our ability to navigate the financial markets and secure profitable opportunities for our clients.