The Model: The KP Trend Model continues Green, full exposure to US equities.
From the Trading Room: The price based KP Long-Term Model rose to a new high this week, confirming the new highs being set by leading market indices. The KP Intermediate-Term Model, powered by internal data, continues to improve on the way to recent rally highs, but still lags considerably from the heights attained during the massive 2021 market rally. This seeming disconnect between price performance and the daily internal data may reflect the more speculatively inclined investor chasing the technology issues, particularly those related to Artificial Intelligence, and the continued narrowness of overall market participation.
The Short-Term Internal Oscillator has remained in the positive zone above the neutral line but is not overbought. The Tactical Exposure oscillator, at Plus 1, is in a similar position, somewhat overbought in the context of the advancing market trend.
