⇓ Short-Term | Long-Term ⇔
As of Monday, July 16, 2018 EquitySurge™ has issued a SELL signal for short-term trading styles and a HOLD signal for long-term trading styles.
Stocks completed a lackluster sideways trading day today during the regular session. However after hours Netflix reported earnings that missed expectation, which sent the stock down hard in extended hours trading.
We are also seeing liquidity conditions increasingly deteriorate, so it’s time to sell stocks for short-term trading styles.
We remain optimistic in the bigger picture for now, so long-term trading styles should just continue to hold onto long positions.