Monday, July 18, 2016

As of Monday, July 18, 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.

The stock market closed today at 2167 on the S&P500 Index, very near the recently made all-time-high of 2169. However the market also showed continuing signs of topping as well.

While stock prices can definitely continue higher, the more likely scenario is increasing volatility, price weakness, pullbacks and corrections as the market consolidates this breakout higher in price and tests new support levels.

For these reasons and the aforementioned topping signs, right now the best strategy may be to just hold existing long equity positions and wait until the market establishes some new support levels from which to buy or add to existing long positions.

If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.

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