As of Wednesday, July 27, 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.
There were more signs of weakness in the stock market today, which might not be apparent on the surface, and we are expecting a price decline phase to begin at anytime.
We continue to believe that this imminent decline in price will be a buying opportunity, so our present course remains unchanged as holding existing long equity positions, with the intent to add to long positions at lower prices.
Until the decline begins and really takes hold, perhaps tied to some upcoming catalyst, the market may continue to consolidate in a narrow price range up near the recent highs.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.