Friday, July 22, 2016

As of Friday, July 22, 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 retraced the decline from yesterday, and closed slightly higher. There are still signs of coming weakness for stock prices, but as mentioned before the S&P500 Index may make a run to the 2200 level before a more pronounced decline sets in. Either way we are holding long equity positions for now and expecting some weakness in the stock market to begin at anytime.

And to reiterate, the liquidity indicators are maintaining a very bullish position for stock prices, so the coming decline will most likely turn into an excellent opportunity to add to long positions at lower prices.

So for now the best strategy may be to continue holding long equity positions and be prepared for some impending stock price weakness, with an eye toward that weakness being another chance to buy.

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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