Wednesday, March 16, 2016

As of Wednesday, March 16, 2016 at the close of trading EquitySurge™ has generated a buy-accumulate signal for USA equities. SPECIAL NOTE: The USA Federal Reserve policy announcement today was widely interpreted by the market to be supportive of higher stock prices. After the announcement stocks rallied directly up to the initial price target and resistance area of 2030 on the S&P500 Index, and closed just below that level. The market is now approaching overbought conditions and will therefore need to consolidate before beginning another leg higher in price. Price weakness below the 2030 area of the S&P500 Index should be considered an opportunity to accumulate more long equity positions.

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