As of Tuesday, September 6, 2016 at the close of trading EquitySurge™ has continued a buy signal for USA equities.
The stock market started the day on a down note after a disappointing services sector economic report was released, however buyers came in late morning and not only erased the earlier losses but drove the S&P500 Index up to the 2186 level by the close, very near the recent all-time-highs around the 2194 level.
In addition to the heavy buying of the initial price weakness, we also saw considerable support from liquidity (money flowing into the stock market). This continues the strong support that liquidity has been signalling for higher stock prices.
With the significantly positive backdrop for higher stock prices that liquidity is telegraphing, we would continue to use any price weakness 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.