The Model. The KP Trend Model remains Green — full policy commitment to US equities.
From the Trading Room. While there is always lots to worry about in the real world, the technical trend condition as we measure it remains solidly bullish. Our approach is designed to follow the trend, not anticipate it, so it will always be late, by design.
We do use some other widows to observe the action, such as this technical review of the Magnificent Seven which we update periodically on Twitter.
While we believe that the huge over-concentration in these issues will end very badly, this market-dominant group is currently gaining strength, versus its condition a week ago:
