As of Thursday, June 16, 2016 at the close of trading EquitySurge™ has generated a strong buy signal for USA equities.
The market opened significantly down this morning, but then staged a dramatic reversal higher from the 2050 level on the S&P500 Index and closed almost 30 points higher to near the 2080 level.
The move higher was accompanied by a flood of liquidity and was broad-based with strong moves higher off lows from small-cap and mid-cap stocks in addition to the S&P500 Index large-caps.
While there may continue to be price volatility in stocks due to next week’s “Brexit” vote – a public referendum in Great Britain to leave the European Union – current price levels represent an excellent buying opportunity.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.