As of Friday, November 11, 2016 at the close of trading EquitySurge™ has generated a hold signal for USA equities.
After making a stunning, almost vertical recovery off the lows made leading up to the election, the S&P500 Index may be topping out again. There are some troubling signs on the charts, and most concerning is that liquidity has quite suddenly started to drop precipitously, a worrying sign.
At this point there is not enough information to tell clearly what may be happening, so for now we are holding in a wait-and-see mode until the market gives us more information about its next intentions.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.