Tuesday, July 24, 2018

⇓⇓ Strong Sell

As of Tuesday, July 24, 2018 EquitySurge™ has issued a STRONG SELL signal for stocks.

Update:

After a big earnings beat last night by Alphabet, Inc., stocks opened higher for regular trading today, but then turned around mid-morning and sold off. The selling reversal was lead by the small cap stocks and the DOW Transports, both of which had large “Bearish Engulfing Reversal” candles for today, indicating a significant potential trend change to the downside.

Liquidity conditions continue to deteriorate and this along with the big selling reversals today in the small caps and transports have us taking profits on longs and moving to cash or even initiating short positions on the SP500 Index.

The three benchmarks we track in the RRG® graphs are squarely in the Lagging quadrant and are indicating poor liquidity conditions for stocks.

Current RRG Graph:

07242018

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