For Thursday February 27, 2014, We Recommend Against Equity Investing

Hold_Recommendation

Investment Recommendations:

Sell US equity positions and hold cash.  Price inflation hedges should be held or accumulated for the long term as price inflation is starting to accelerate.  Avoid all bonds, including the new MyRA bond scheme from the Feds.  Ignore the propaganda.

Technical Comments:

The S&P 500 advanced 0.04 points (0.00%) on Wednesday, which is effectively unchanged.  Volume was above Tuesday and above the 30-day moving average, resulting in a strong-volume up-day.  There are no predictive patterns currently under formation.  Should the S&P 500 decline about 15 points on Thursday (-1.1%) our automated market forecast would likely change to an uncertain trend.

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