As of Friday, June 17, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
The stock market consolidated yesterday’s turnaround gains, and the S&P500 Index closed around the 2070 level to end the week.
Next Thursday, June 23rd, is the public referendum vote in Great Britain to either stay in the European Union or leave the group. It is likely that equity markets around the world will vacillate in the days before the vote, as it represents an unknown and difficult to quantify variable.
However at this point liquidity indicators are still strongly supportive of higher stock prices, so unless this changes materially next week, which we’ll monitor closely, current price levels represent an excellent 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.