As of Thursday, July 28, 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.
Today was another consolidation/rotation day near the top of the recent price range for the S&P500 Index. And yet there were more signs of the market weakening internally.
Liquidity indicators are still pointing to the imminent decline as being only corrective in nature, and eventually a buying opportunity, but we are watching this very closely.
For now the best course is to continue holding existing long equity positions, with the expectation of an impending corrective phase down in price which should lead to an opportunity to buy and add to long positions at lower levels.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.