Tracking Investment Performance
September 13, 2024: Sold long position at 5626.02 with a gain of 2.23%. Currently long on SPX since September 5, 2024, at 5503.41.
August 19, 2024: Sold SPX at 5608.25 with an 8.14% gain. Long on SPX since August 5, 2024, at 5186.33.
Year 2023 Results: From January 1 to December 31, 2023, our gain on SPX was 28.12%, outperforming the SPX gain of 23.38%.
Market Analysis and Predictions
Current Performance: We have seen a year-to-date gain of over 28%, outpacing the SPX performance of around 22%. The chart is continuously updated to track market movements and anticipate future trends.
Key Indicators and Insights:
- The RSI on the SPX/TLT ratio is crucial for identifying bullish setups, aiming for a level near 30 as observed in previous election cycles.
- Monitoring the SPY’s position relative to its Bollinger bands can signal overextended market conditions, with a potential reversal indicated by closing more than 50% outside the band.
- Seasonality trends suggest a corrective wave around mid-October leading up to the November 5 election, supported by RSI and SPX/TLT ratio analysis.
GDX Cumulative Indicators:
- Weekly GDX cumulative advance/decline and up-down volume percentages, along with their Bollinger bands, offer insights into longer-term moves in GDX.
- Recent signals point to a buy opportunity in GDX, with no divergences indicating a potential pullback currently.
By analyzing these key indicators and market trends, we can make informed decisions to optimize our investment strategies and capitalize on emerging opportunities in the financial landscape.