Friday, December 23, 2016

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 and New Years and the first two trading days of January is a good period for long positions if the “Santa Claus Rally” comes to town. If instead the period is weak, it statistically precedes bear markets or times when stocks can be purchased at much lower prices later in the year.

We however will continue to heed the warnings coming from liquidity to exit long equity positions and build up cash.

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

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