As of Thursday, March 10, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities. SPECIAL NOTE: The stock market initially reacted positively to the European Central Bank’s announcement of massive new stimulus programs this morning, but then the market sold off and tested support around the 1970 level on the S&P500 Index. Later in the trading day however buyers came back into stocks and reversed the decline to close the S&P500 Index back up near the 1990 level. Liquidity indicators continued to improve today, so the backdrop for stocks is still significantly bullish.
The stock market has successfully tested support again and rebounded higher, and with liquidity indicators expanding today as well, it is an ideal environment to continue buying any near-term weakness in anticipation of the stock market advancing through the current resistance levels and heading higher in price.