The Model: The Trend Model is solidly Green, full exposure to US equities.
From the Trading Room: Positive Price Momentum continues to drive most market indices higher. The KP Long-Term Model component, based solely on price, is positive and rising.
Other KP studies are compiled from non-price ‘internal data’, generated from daily trading activity. These technical oscillator studies are designed to gauge the intensity\resolve in the trading activity. The analytic tools are subtly displaying investor sentiment, in essence a look behind the trading decisions that day. Lately, this sentiment has been waning,
The Long-term model is positive and rising. The Intermediate-Term model is positive and declining. A couple of the other non-priced based oscillators are also declining, one is positive, the other is negative but modestly oversold. An improvement in sentiment, a broadening in participation will add credence and substantiate the underlying momentum seen in price. Charts can be viewed on www.kellerpartners.com
