For Wednesday November 27, 2013, We Recommend Against Investing


Investment Recommendations:

Avoid US markets and watch closely to see what trend develops.  Cash positions (including currency) and price inflation hedges are still recommended.  There is too much uncertainty in US markets right now to make an investment recommendation, although it is probably safe to hold any currently owned equities through the end of the year.

Technical Comments:

The S&P 500 advanced 0.01% on Tuesday with volume above Monday and higher than the 30 day moving average, making Tuesday a strong-volume up-day.  The S&P 500 was effectively unchanged on Tuesday.  This is why our recognition software relies upon multiple days and not a single day when looking for predictive patterns, which at present still do not exist.  The last predictive pattern was a few weeks ago and it signaled equal odds of a market advance or decline.  Should the S&P 500 decline about 51 points (-2.9) on Wednesday our automated forecast could change to an uncertain trend.

Comments are closed.