Trend Model Continues in “Risk-on” Position

Posted by on Sunday, Sep 17, 2017 in Updates & Commentary | 0 comments

Trend Model Continues in “Risk-on” Position

The Model:  The KP Trend Model returned to positive (green status) on September 7 after spending almost a month in the more cautionary transitional “yellow” condition.

Comment:  Despite negative seasonal pressures, US equity markets remain remarkably robust.  Our favorite “risk-on” index is the Nasdaq 100 (NDX) which has now formed a triangular consolidation near all-time highs and appears poised to move higher, short term.

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