Friday, April 29, 2016

As of Friday, April 29, 2016, at the close of trading EquitySurge™ has generated a strong buy signal for USA equities.

The mini-correction in the stock  market we discussed as a possibility a couple of days ago is now underway. However it is happening at the same time that liquidity indicators are climbing higher reflecting massive positive money flow support for equities.

What this means is that price weakness in the stock market right now is an excellent buying opportunity.

This mini-correction could continue longer and drive stock prices lower, however any price weakness over the next week or so should be viewed as a notable chance to buy or add to existing long equity positions.

Right now there is significant resistance at the 2100 level on the S&P500 Index, and it may take several more tries for the market to vault over this level. However there is also the possibility that at any time the market will make its move above this level and then trend markedly higher very quickly.

So given the enormous level of money flow support for stocks, the best strategy may be to buy when prices are below the 2100 level and hold as the market challenges this resistance because unless something dramatically changes with the huge liquidity support for the market, it is only a matter of time before the 2100 level is exceeded and the market embarks on a significant leg higher.

 

 

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