Monday, January 23, 2017

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 is running out of steam in this continuing consolidation, which foretells a drawdown in prices that could begin at anytime.

It needs to be reiterated again that right now the jury is out on how the stock market will do this year. But what is on the table in front of us at this time is lots of mounting evidence that the market may sell off soon and sharply.

By now you should have taken advantage of this month-plus long consolidation up near the all-time-highs to exit long equity positions and build a cash position.

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

Leave a Reply