As of Monday, June 13, 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.
Stock market volatility and large price swings continued today, with the S&P500 Index trading down 17 points to close around the 2080 level. This being quarterly expirations week of options and futures contracts, increased volatility is expected and could continue all week.
The USA Federal Reserve announces any interest rate policy changes on Wednesday, and then on Wednesday evening USA time the Bank of Japan will also announce any changes to its monetary policy.
At this point liquidity indicators remain bullish for higher stock prices, so long equity positions should be held. We will closely monitor liquidity this week and watch for any change to the current bullish indications.
For now existing long equity positions should just be held. If stock prices continue to fall while liquidity remains high, a new buying opportunity may emerge.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.