For Monday January 06, 2014, We Recommend Investing in US Markets

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Investment Recommendations:

It is time to invest in US stock markets.  Price inflation hedges should be held for the long term and remain a good idea as we expect price inflation to accelerate in 2014.  Avoid all bonds.

Technical Comments:

The S&P 500 closed Friday down 0.03% on volume below Thursday and lighter than the 30 day moving average.  This past week saw trading on very light volume as is typical around the holidays.  Even the large market index decline on Thursday was on below average volume.  Still, Thursday was a strong-volume down-day as classified by our pattern detection software.  There are no predictive patterns in any of the daily market data.  If the S&P 500 declines about 22 points on Monday (-1.2%) our market forecast could change to an uncertain trend.

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