Thursday, June 9, 2016

As of Thursday, June 9, 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 continued to churn above the 2100 level on the S&P500 Index today, with a brief drop to around 2107 before closing up near 2116.

The USA Federal Reserve meets next week, and it is quarterly options and futures expiration as well, so it’s likely that volatility and larger price swings will pick up into the expiration and Fed meeting.

However as long as the liquidity indicators, which show money flowing into the market, remain at high levels, stocks should be well supported.

So for the time being it is best to just hold existing long equity positions.

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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