Friday, September 2, 2016

As of Friday, September 2, 2016 at the close of trading EquitySurge™ has continued a buy signal for USA equities.

The stock market reacted positively to the Employment Situation Report which showed continuing significant new job creation in August. The S&P500 Index closed the week up at the 2180 level.

The market is being heavily supported by very strong liquidity (money flow), and it looks like another leg higher in price is near underway, which should provide a reach well beyond the 2200 level on the S&P500 Index before a larger pullback or correction occurs.

We would continue using price weakness as an opportunity to buy or add to existing long equity positions in anticipation of another leg higher beginning very soon.

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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