As of Thursday, April 13, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
After the Easter Holiday we are expecting the annual seasonal pattern of the stock market to begin turning bullish again, with stock prices rising and perhaps rising quite strongly into the week of April 17th. This is the post-tax period when the equity market usually sees significant tax-advantaged account buying.
And we are still expecting a trip back up to the 2400-2430 level on the S&P500 Index Futures where we believe a significant double-top lies.
If you are an aggressive trader you can play the approximate 75 point rise back to 2400, but otherwise we still think raising cash into this push up is the better strategy so that you have plenty of liquidity on hand to take advantage of the significant price drop we see coming over the next month or so.
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.