As of Thursday, September 29, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
The stock market sold off today on swirling rumors about the future viability of the large German bank, Deutsche Bank, which has been under pressure for much of 2016. Today’s action is just more of the up-one-day-down-the-next consolidation trading pattern we’ve been in since the summer months.
Liquidity indicators stayed up near their recent high readings for 2016, so the message from the perspective of money flowing into the stock market is to continue buying these sell-offs.
While this back-and-forth action in the stock market is frustrating and exhausting, as long as liquidity is telling us there is a significantly bullish backdrop for higher stock prices, the best course is to keep using these dips, and pullbacks as opportunities 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.