⇔ Short-Term | Long-Term ⇔
As of Thursday, July 12, 2018 EquitySurge™ has issued a HOLD signal for short-term trading styles and a HOLD signal for long-term trading styles.
After a strong move higher in stock prices from the recent sell-off/consolidation, liquidity is now showing some signs of drying up again which means an at least temporary top in equity prices may be near.
The SP500 Index has moved back up to the 2800 level again, the first time since mid-March of this year. However the rally is narrow in terms of the leadership stocks pushing higher.
Also the last several days we are seeing signs of declining liquidity.
While it seems too early to say “Sell”, a Hold signal is prudent.