As of Friday, June 3, 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 sold off again from the opening bell this morning, but in a repeat of most of this week, stocks climbed back up the rest of the day to close only marginally lower.
The market is rotating around the 2100 level on the S&P500 Index, and seems to want to break out higher. Next week is the USA Federal Reserve meeting, and these meetings typically act as catalysts for the market.
Liquidity indicators continue to strongly support higher stock prices, so for now the best strategy is to hold as the market continues to rotate around the 2100 level.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.