POS Signals Long Position on US Market

As per the internal rules for the Point of Sail Index, a market BUY signal occurred on April, 29th, so a long position will be opened at the market close tomorrow, May 2nd.

This will be the first trade of 2016. The POS shuttered itself through the winter.  Keep in mind, the POS is an automated trading system based on technical indicators and pre-written rules.

For more on the POS Index and the trading system, visit: POS Market Scores History Explained