As of Wednesday, November 2, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.
The stock market continues to be extremely weak leading into the presidential election. At this point we have to rely on our tried-and-true indicator of liquidity, which measures the amount of money flowing into or out of the stock market. This all-important indicator is still telling us to keep buying this equity market weakness, so that is what we need to be doing in front of the election.
Oversold conditions are building in the stock market, and a significant relief rally is on the horizon, most likely regardless of which candidate wins the election. The past several weeks the market has been discounting a win by either of the two, and that means a strong, vertical bounce is likely in store after the election.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.