As of Tuesday, March 14, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
Equity markets sold off today right from the open, most likely in sync with dropping oil prices. The afternoon saw a recovery of some of those losses.
The ascending trend line on the S&P500 Futures that started with the election night low and continued until today, was broken as of Tuesday’s close. This is yet another indication of an impending decline is equity prices. Here’s a chart of the trend line from our friend Bryan Rich at Logic Fund Management:
There are all kinds of global-scale news events occurring over the next few days, starting with the Federal Reserve announcement about interest rates on Wednesday. Any or all of these events could alter the course for equity markets, and we urge you to remain vigilant.
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.