For Monday September 30, 2013, We Recommend Against Investing


Investment Recommendations:

No Change: Ignore our automated market forecast and avoid US stock markets right now.  Continue to avoid all bond investments. Price inflation hedges remain good long-term investments, but only invest in price inflation hedges amounts that you can leave invested for a very long time.

Technical Comments:

The S&P 500 declined 0.41% on Friday with volume above Thursday but below the 30 day moving average.  Our pattern recognition software classified Friday as a strong-volume down-day, marking the third such day in the past six trading sessions.  This rapid accumulation of strong-volume down-days is the beginning of a pattern that is not fully developed yet.  If this pattern continues it would predict a market decline so it must be tracked closely.  Should the S&P 500 decline about 19 points on Monday (-1.2%) our market forecast could change to an uncertain trend.

Subjective Comments:

Have a great weekend, everyone!

2 Responses to For Monday September 30, 2013, We Recommend Against Investing

  1. barnojc says:

    with monday being a fairly big day, i’m surprised the only subjective comments are “have a nice weekend”. seems it may have been time to recommend short.