As of Monday, January 30, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. The VIX volatility index shot up more than 20 percent today. In addition the S&P500 Index, which was down more than 25 points intraday, closed down 14 points at the 2281 level. If the “Pop and Drop” scenario […]
As of Friday, January 27, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks declined slightly on Friday, with the S&P500 Index closing down 2 points at the 2295 level. We’ve talked a lot over the past month about liquidity warning us to be taking profits on long positions as the […]
As of Thursday, January 26, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks consolidated today after the big move up over the past two days. The S&P500 Index closed down about 2 points to the 2297 level. We talked briefly yesterday about the situation with the Volatility Index and its […]
As of Wednesday, January 25, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks shot up to new all-time-highs today, with the S&P500 Index closing just under 2300 and the DOW 30 Index closing over 20,000, hooray! The flip side of the coin is that volume was very light, money flow […]
As of Tuesday, January 24, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks advanced on Tuesday, with the S&P500 Index closing at a new record high of 2280. The 2300 level is clearly in play now, and only 20 points away, so it’s likely the market will advance there in […]
As of Monday, January 23, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. More sideways rotational consolidation for stocks today, with the S&P500 Index closing down 6 points at the 2265 level. Technicals however continued diverging negatively today, and there were more signs on the daily charts that the stock market […]
As of Friday, January 20, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks finished higher on Inauguration Day, with the S&P500 Index closing up around 8 points at the 2271 level. However the stock market is still just consolidating below the 161.8% Fibonacci retracement level from the Summer high to […]
As of Thursday, January 19, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stocks sold off on Thursday, with the S&P500 Index closing down 8 points at the 2264 level. More importantly however is that liquidity took a substantial leap lower on the day. With the stock market now having traded […]
As of Wednesday, January 18, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. The stock market rotated in a narrow range again today, with the S&P500 Index closing up 4 points at the 2272 level. It has been since December 13, 2016 that the S&P500 Index has been trading basically flat, […]
As of Tuesday, January 17, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities. Stock markets sold off today, with the S&P500 Index down 6.75 points to close near the 2268 level. Equities are rotating around near the recent price tops, however the S&P500 Index Futures have established a strong level of […]
