Tuesday, June 7, 2016

As of Tuesday, June 7, 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 market traded up to near the 2020 area on the S&P500 Index before selling back down into the closing bell around 2112. Stocks are probing higher, but the rotational activity around the 2100 level may continue for a while longer.

Liquidity indicators are still strongly supporting higher prices in stocks, but for now it may be best to just hold existing long equity positions while the market keeps consolidating around 2100.

If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.

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