As of Friday, October 7, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
The stock market declined today following the release of the Employment Situation Report, however by day’s end there was some strong buying off the lows of the day around the 2145 level on the S&P500 Index. This level has acted as support before, and is doing so again here today.
The market just continues to rotate between resistance on the upside and support on the downside. However liquidity is telling us to use the dips, price drops and weakness to buy stocks with the strong expectation of higher breakout prices to come.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.