⇑⇑ Strong Buy
As of Tuesday, October 16, 2018 EquitySurge™ has generated a STRONG BUY signal for stocks.
In the last update after the big liquidation break sell-off we had in the stock market last week, we talked about the main two ways that stocks recover from a correction within a bull market.
The more common recovery is the “W” bottom where prices drop, recover, then drop again to end the correction before heading up again. The less common recovery is the “V” bottom, whereby prices drop dramatically but then recover straight back up over a short period of time, perhaps just days or maybe over a week or so.
We now think the odds are that this correction we are experiencing currently will turn into a “V” bottom recovery and prices will rapidly rise back up from here.
Earnings are starting to be released and the initial results are quite encouraging and bullish for the stock market.
We are now looking to buy all pull-backs until such time as the RRG Graphs and other liquidity indicators tell us otherwise.
The indicators in the RRG® graphs have accelerated their move into the Leading quadrant with continued strong green tails, an indication to keep buying stocks.
Current RRG Graph:
Click here to see the latest EquitySurge Trading Signal Performance Chart.
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