As of Monday, July 25, 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 has been trending sideways in price over the past several days, especially the S&P500 Index. While this has been happening there has been some deterioration in technical indicators.
We have been anticipating a decline, and it is beginning to look more and more likely the decline will start soon.
As mentioned before this decline will most likely become another buying opportunity, so for now we continue holding existing long equity positions in anticipation of more volatility and downside price action to come that will set up a buy at lower prices.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.