As of Friday, February 3, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
Stocks rallied on Friday after a strong Employment Situation Report. It seems the market is back to a sideways consolidation following the brief pop higher of a week ago.
In addition the market is paying close attention in the short term to the fast action from the Trump Administration on the multitude of policy announcements, Tweets, and executive orders on a broad array of new initiatives.
This sideways consolidation could again last some time, but our view remains that we will heed warnings from liquidity not to stay long this market, and rather keep selling into price strength in order to build up a cash position for a better buying opportunity (lower prices) later.
If you would like to review the EquitySurge™ trading signals generated in 2016 and so far in 2017 please see the Trading Signal Performance Chart page.