For Tuesday January 21, 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 declined 0.39% Friday with volume above Thursday and higher than the 30-day moving average, making Friday a strong-volume down-day.  The frequency of strong-volume down-day occurrence remains insufficient to form a predictive pattern. If the S&P 500 should decline about 18 points (-1%) on Tuesday, our stop loss algorithm could trigger a change in our market forecast to an uncertain trend.  US markets are closed Monday for the MLK holiday.

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