As of Monday, October 24, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
Stocks were up today, with the S&P500 Index closing higher by 10 points to the 2151 level. There are a number of high profile earnings reports this week, so the market may see more movement.
As we have been saying for a long time, liquidity continues to show strong support for higher stock prices, and today yet another 2016 high mark was set. This bodes extremely well for stocks to break out higher at some point and most likely make new highs.
In the meantime, price weakness and pullbacks are excellent 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.