As of Monday, August 8, 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 consolidated in a narrow range today near the top of the price range from Friday’s Employment Situation Report breakout move higher.
Liquidity indicators and crude oil futures rose today as well, so the backdrop for higher stock prices is still very much in place, however the liquidity indicators have not regained their recent highs yet.
So for now as we wait for the market to give us more information about its next larger move, the best strategy may be to just continue holding existing long equity positions.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.