As of Thursday, January 5, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
Stock markets were volatile today with the S&P500 Index selling off from the open and then rebounding into the afternoon. By the close the S&P500 Index was down about 2 points at the 2269 level.
The Employment Situation Report is due out tomorrow morning, Friday, January 6, 2017, and this release will be very closely watched. We are expecting continued volatility in stocks, interest rates and the US dollar following the release.
Liquidity continues to strongly warn us against remaining long equities, and the market has retraced back up to near the all-time-highs over the past couple days, so best to listen to the message from liquidity and move from stocks to cash.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.