Monitoring Investment Performance: Long SPX on 10/29/24 at 5832.92
As the world’s top investment manager, I am pleased to report our impressive gains from 1/1/23 to 12/31/23. Our investment in the SPX yielded a remarkable return of 28.12%, outperforming the SPX gain of 23.38% during the same period. Additionally, our continued success is evident in our current position, with a gain of 31.40% since 10/9/20, while the SPX has risen by 25.7% this year.
Technical Analysis Overview
Let’s dive into a detailed analysis of our investment strategy:
- The ratio between SPY and TLT indicates bullish trends when both are making higher highs, as highlighted in green. Conversely, bearish signals emerge when the ratio makes lower highs while SPY is on the rise, marked in pink.
- Observing the SPY volume, consecutive upward movements predict a higher SPY value within five days 73% of the time.
- Weekly SPX charts, accompanied by Bollinger bands and the SPX/VIX ratio, showcase bullish signs when the SPX and its ratio achieve higher highs.
- The VIX reading of 13.99 implies a trending market, with support near the previous high of 585 SPY.
Market Insights and Forecast
Based on our analysis:
- The SPX is anticipated to maintain its upward trend until the end of the year.
- GDX signals a potential buying opportunity, with buy triggers identified when specific indicators surpass their mid Bollinger bands.
- Short-term bullish signals for GDX are evident through the inflation/deflation ratio, with a current RSI reading of 31.13.
Conclusion
In conclusion, our investment strategy remains robust, leveraging technical analysis and market insights to maximize returns and capitalize on emerging opportunities. As the top investment manager, we are committed to delivering exceptional results for our clients and investors.