As of Wednesday, September 28, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
The stock market climbed higher today with news that OPEC has possibly agreed a production cap arrangement. The S&P500 Index closed up over 11 points to the 2171 level.
Stocks have been caught in an up-and-down consolidation phase for several months now. However the best indication that stock prices are headed higher is liquidity, money flowing into the market, which today reached new highs so far in 2016. This bodes extremely well for a new leg higher in stocks to begin, the question is only when.
With the continued strongly bullish backdrop for higher stocks prices that liquidity is giving us, we will use any price weakness, dips, and sell-offs as a reason 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.