As of Tuesday, October 18, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
The stock market was up today, with the S&P500 Index closing 13 points higher at the 2140 level, well within the long-standing consolidation range the market has been in since mid-July.
While this lengthy sideways consolidation is and has been frustrating, there are signs that it will end with a significant rally to the upside for stocks. Liquidity indicators continue to rise, in fact another 2016 high was set yesterday, and this bodes extremely well for a strong rally for stocks, it’s just a matter of time.
Given the enormously bullish backdrop that liquidity (money flowing into the market) is providing, the best strategy may be to just continue building long equity positions whenever stocks sell-off and wait for the eventual breakout to the upside, which could be powerful and sudden.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.