Monday, April 18, 2016

As of Monday, April 18, 2016 at the close of trading EquitySurge™ has generated a hold signal for USA equities. This signal means to hold existing long stock market positions, but do not buy additional positions.

An important stock market liquidity measure issued a caution sign today. Also stock prices are now very close to the significant initial resistance level of 2100 on the S&P500 Index.

It is too early to tell yet if this is simply another pause and sideways price consolidation period starting, or something more concerning.

For now existing long stock market positions should be maintained, but no new or additional long positions should be initiated.

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