As of Thursday, January 12, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
The stock market was much more volatile today with an intraday range for the S&P500 Index of almost 20 points. Stocks sold off sharply at the open but then recovered much of the drop in the afternoon, with the S&P500 Index closing down about 5 points at the 2270 level.
With the message from liquidity to get out of longs becoming louder and louder, we would expect volatility and larger intraday price ranges to increase as well, especially if stocks continue rotating up near the all-time-highs.
If you would like to review the EquitySurge™ trading signals generated so far in 2016 please see the Trading Signal Performance Chart page.