As of Friday, December 30, 2016 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks closed out the year a bit weaker, with the final days of trading dominated by a sell-off. From the all-time-high price on the S&P500 Index set on December 13th at the 2277 level, the S&P500 Index closed the year […]
As of Thursday, December 29, 2016 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks were mostly flat today after yesterday’s sell off, with the S&P500 Index closing near unchanged around the 2249-2250 level. Liquidity was generally unchanged today as well, with the message remaining to sell equities at these levels and […]
As of Wednesday, December 28, 2016 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks sold off today, with the S&P500 Index down almost 19 points to the 2250 level at the close. This is also just the second time since the election that the Dow Jones Industrial Average was down more […]
As of Tuesday, December 27, 2016 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks edged up today on low holiday volume. What to watch for this week and into early next week: Since 1950 this 7 day or so “Santa Claus” rally period has returned on average a 1.4% gain. Years […]
As of Friday, December 23, 2016 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. The stock market ended generally flat on Friday in advance of the Christmas Holiday, with the S&P500 Index closing up about 2 points at the 2264 level. Markets open again on Tuesday, and usually the week between Christmas […]
As of Monday, December 19 – Thursday, December 22, 2016 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. We are traveling much of the rest of this week, so the next update will be on Friday. Markets will most likely be fairly quiet over the next several days leading up to the Christmas […]
As of Friday, December 16, 2016 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Markets were more volatile on Friday with stocks spending most of the day to the downside. By the close the S&P500 Index was down 4 points to the 2258 level, off the day’s lows. Liquidity rebounded early from […]
As of Thursday, December 15, 2016 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks rebounded some today after yesterday’s decline, however liquidity dropped significantly. At this point the message from liquidity to exit long equity positions is growing quite loud, and while the stock market may bounce around in a range […]
As of Wednesday, December 14, 2016 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Markets sold off today on news the Federal Reserve is planning 3 or more interest rate hikes for 2017, a surprise. The S&P500 Index closed down more than 18 points to the 2253 level. This is the start […]
As of Tuesday, December 13, 2016 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Equity markets were up again today, with new record highs for the Dow Jones Industrial Average and the S&P500 Index. We’ve been talking about the 161.8% Fibonacci retracement price target for the S&P500 Index from the Summer high […]
