As of Thursday, September 15, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
The stock market rose substantially today with all major USA indexes up more than one percent. The S&P500 Index closed up 21+ points to the 2147 level.
The stock market appears to have made a bottom in this correction and is now poised to rise substantially. Liquidity measures are telling us that the money flow backdrop for the stock market is strongly bullish for higher highs to come. While the volatile price moves we’ve seen may not be over yet, it is our expectation that the stock market will embark on a new leg higher in price soon. The timing of this move higher could coincide with the Federal Reserve meeting next Tuesday and Wednesday.
In the meantime any additional price weakness is an excellent 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.