The Model: The KP Trend Model is solidly Green, maximum exposure to US equities.
From the Trading Room: Tactical Exposure remains at Plus 1, overbought in the context of a advancing market trend, as the oscillator continues to contract from an extremely overbought condition. The slower moving, more deliberate KP-1 Intermediate Trend Model broke out to a high for the move, into levels not seen since December 2020, then on the way to this Models all-time high, and subsequent market highs in January 2022.
There is still more room for the Short-Term oscillators to pull back from recent overbought surges, a normal expectation in an advancing market environment. The powerful oscillator surges are having a positive effect on the Intermediate-Term Model that is grinding into an upside momentum move. The charts are viewable at kellerpartners.com (Multi-Media Bar).
