As of Wednesday, October 5, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
The stock market rebounded today, with the S&P500 Index closing up 9 points to the 2160 level. More of the same back-and-forth, up-and-down action we have been seeing for the past several months now.
The Employment Situation Report out this Friday morning will likely be a catalyst for the markets, so expect a reaction to whatever the report reveals. Right now the S&P500 Index is trading right in the middle of the hi-low range it’s been in since the summer months.
The one clear clue we have about the stock market is that the liquidity situation is very bullish for higher stock prices, so unless that materially changes (not likely at all right now), we will be buyers of any upcoming stock price weakness.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.