4/25/18 was UP +0.56 and the model projects that the component on yesterday's kill will be up between +0.65 and +0.95. The KKKs are now trading premium to the component by +6.48. The model is calculating that the component will need to gain an average of +0.46 per day to close that "Gap". This morning I decided to cover the last two short KKKs since the strong up trend might close the "Gap" and then some. If the KKKs stage a rally today or tomorrow, I'll get short again.

Best wishes,

dhm