⇓⇓ Strong Sell
As of Friday, July 27, 2018 EquitySurge™ has maintained a STRONG SELL signal for stocks.
Following the Facebook earnings debacle earlier in the week, and a test of the 2850 resistance level on the SP500 Index Futures, stocks came tumbling down on Friday to retrace much of the week’s gains.
Liquidity conditions continue to flash red warning signals so we are staying away from stocks and maintaining a large cash position.
Copper and the Hang Seng Index in the RRG® graphs are now moving vertically into the Improving quadrant, while High Yield Bonds and long duration US Treasury Bonds are moving up within the Lagging quadrant, which means the selloff in stocks should accelerate now.
Current RRG Graph:
Click here to see the latest EquitySurge Trading Signal Performance Chart.
The Relative Rotation Graphs are provided by StockCharts.com, Simply the Web’s Best Financial Charts.
The terms Relative Rotation Graph and RRG are registered trademarks of RRG Research.