As of Wednesday, June 15, 2016 at the close of trading EquitySurge™ has continued a buy signal for USA equities.
The USA Federal Reserve left interest rates unchanged today and signaled a continued slow path over time to higher rates that will be data dependent. This means the backdrop for stocks will be very low interest rates that will only rise based upon stronger economic data.
Tonight the Bank of Japan will announce any changes to its interest rate and stimulus programs, and this announcement could act as a catalyst for global markets.
Liquidity indicators are strongly supportive of higher stock prices, so current levels on the S&P500 Index should be considered an opportunity to buy or add to existing long stock market positions.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.