As of Monday, August 29, 2016 at the close of trading EquitySurge™ has continued a buy signal for USA equities.
Stock prices were higher today with the S&P500 Index closing around the 2180 level. This week may be an important one for the markets as the Employment Situation Report for July will be released on Friday morning, and the Federal Reserve has intimated that this report could be pivotal in determining whether it raises interest rates this year.
Liquidity indicators were up again today, and with the continued strongly bullish backdrop for higher stock prices that liquidity is telegraphing, we would keep using any stock 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.