As of Friday, April 22, 2016 at the close of trading EquitySurge™ has continued a hold signal for USA equities. This signal means to hold existing long stock market positions, but do not buy additional positions.
The stock market spent the day today in sideways price action, while the liquidity indicators which reflect money flow into the market remained at elevated, supportive levels.
The market seems to be in a holding pattern awaiting fresh catalysts to either break higher in price or turn lower in search of support levels.
Until we see more information about the market’s next intention, current long equity positions should be held, but no new or additional equity positions should be bought.