As of Tuesday, June 14, 2016 at the close of trading EquitySurge™ has generated a buy signal for USA equities.
The USA Federal Reserve announces any changes to its interest rate policy tomorrow, followed by a press conference with Chairperson, Janet Yellen, and then overnight USA time tomorrow night the Bank of Japan also announces any changes to its policy. These events are typically catalysts for the markets, and this time should be no different.
The stock market is becoming oversold, and liquidity indicators are still showing strong support for higher stock prices, therefore current price levels on the S&P500 Index are now an opportunity to buy or add to 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.