For Wednesday January 08, 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 advanced 0.61% on Tuesday with volume above Monday and higher than the 30-day moving average, resulting in a strong-volume up-day.  This is a change to the recent trend of strong-volume down-days, but there is still no predictive pattern in the daily market data.  If the S&P 500 were to decline about 24 points on Wednesday (-1.3%) our automated market forecast could change to an uncertain trend.

Subjective Comments:

Welcome to our new readers!  We’re excited to see interest in our blog continue to grow.  We have a very specific focus and that is investing in US markets based on our technical analysis combined with application of Austrian Business Cycle Theory relative to the growth of the US money supply.  This causes our posts to be very repetitive, so we’re trying something a little different for the New Year.  Our subjective comments will remain focused but will be shorter in order to be less repetitive.  Some days we may skip subjective comments entirely.  We will continue to provide a lengthy update every Thursday when money supply statistics are published.  We will also let you know when our opinions about investing are changing and we will always publish our technical comments every day US markets are open for trading.  We appreciate the interest of our new readers, and we’re very grateful to those of you who have been recommending us to your friends and family.  We hope you’ll keep it up.

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