As of Monday, October 31, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
Stocks continued their daddling ways with narrow range consolidation trading to start the week. This condition is likely to persist until the presidential election, which is still a week away.
Our best indicator for the future direction of stocks prices, liquidity – the measure of money flowing into or out of the stock market, continues to tell us to buy stock price weakness and build long positions. Unless this indication changes we will be doing just that in anticipation of an upside rally on the horizon.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.