As of Friday, June 10, 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.
As if on cue, volatility and larger price swings picked up today, with the stock market opening down and trading most of the day below the 2100 level on the S&P500 Index, before closing around 2096.
Volatility and larger price swings may continue into next week, a week in which we have the USA Federal Reserve meeting, quarterly options and futures expiration, and a Bank of Japan meeting.
Liquidity indicators remain strong which indicates plenty of money flow into the stock market, so unless that changes, stocks should be well supported as they trade up and down in the coming days above, below, and around the 2100 level.
During this period of increased volatility and larger price moves, the best strategy may be 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.