As of Thursday, August 25, 2016 at the close of trading EquitySurge™ has continued a buy signal for USA equities.
And like in the movie, Groundhog Day, where every day seems to be a repeat of the same day, so we have a similar situation in the stock market. For seemingly weeks on end stocks have been trading sideways in a narrow range, up one day, down the next, rinse repeat.
While this pattern of sideways consolidation may continue longer, it is more likely that we see a breakout move in the market sooner rather than later. And with the liquidity situation as bullish as it is for higher stock prices, the breakout move may be significantly higher from present levels.
In the meantime however we are seeing any price weakness as an opportunity to buy or add to 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.