As of Friday, August 19, 2016 at the close of trading EquitySurge™ has continued a buy signal for USA equities.
The stock market opened down on Friday and continued dropping until buyers came in with force around the 2175 level on the S&P500 Index and drove the market back up to close near the 2184 level. This is the kind of buy the dip action we are expecting right now as the market prepares for another leg higher.
We would continue buying price weakness in this market with the expectation of stocks embarking on a new leg higher at any time.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.