Tuesday, August 9, 2016

As of Tuesday, August 9, 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 spent the day today in another narrow trading range that made a new intraday all time high on the S&P500 Index before settling back to close very near the open.

Stocks continue consolidating the recent break-out move higher, but liquidity indicators are climbing and are now close to the prior highs, which is quite bullish for stocks.

It looks like the market wants to hit the 2200 level on the S&P500 Index, and that could happen at any time now, so we would continue to just hold existing long equity positions until 2200 is achieved, at which point we will take a close look at the liquidity situation.

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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