As of Friday, March 10, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
We have been away due to the sudden passing of a dear family member.
Since December 7, 2016 we have been urging readers to sell into the strength and rising prices occurring in the equity markets. After consolidating sideways for weeks since then, stock prices shot up in a parabolic blow-off that began on February 3, 2017.
But now we find ourselves with the following situation:
- Oil sold off precipitously last week.
- Measures of breadth have declined almost vertically over the past several days.
- High Yield Bond prices have dropped like a rock very quickly.
But what hasn’t happened yet? Stock prices have not declined by much. That may be about to change, and change dramatically.
Ominous signs for stocks have been gathering so far in 2017 as prices rose, but now those concerning signs are really reaching a fever pitch. If you are still long equities you should strongly consider if you really want to stay long during what could be a steep and scary decline that appears imminent.
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.