As of Monday, October 10, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
The stock market gapped open higher today and closed with the S&P500 Index up 10 points to the 2164 level in a continued recovery rally off Friday’s lows.
The market may now explore the upper regions of the trading range it’s been in over the past many months, which means the S&P500 Index could rise back up to the 2200 level or beyond over the near-term.
Liquidity indicators set a new high reading for 2016, which is a very bullish sign for higher stock prices soon to come.
In the meantime we will continue using any stock price weakness as an excellent opportunity 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.