Monday, November 7, 2016

As of Monday, November 7, 2016 at the close of trading EquitySurge™ has continued a strong buy signal for USA equities.

The stock market had an enormous rally today after the apparent resolution of the latest FBI investigation into the Hillary Clinton personal email server case. Or was it that the market bounced substantially from an extreme oversold condition at the 200 day moving average and the 423.6% Fibonacci extension down from the Summer highs??

With the election today, stocks could be range-bound. But this evening and overnight futures could become quite volatile as election returns pour in.

The bottom line in all of this is that the stock market has priced in a win by either candidate, and in doing so it has completed a 5 percent correction within a very bullish backdrop from the perspective of liquidity, which should set up a strong rally higher going forward.

If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s