As of Wednesday, September 21, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
The stock market reaction to the Bank of Japan and Federal Reserve policy announcements was resolutely positive, with the S&P500 Index climbing almost 24 points to close at the 2163 level today.
Liquidity indicators jumped strongly as well, confirming that the move higher in stocks was fueled by heavy money flow into the market.
It is likely that the stock market will return to the prior highs around the 2194 level on the S&P500 Index in the near-term, followed by the initiation of a new leg higher. We would therefore continue buying any price weakness in equities.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.