For Thursday March 13, 2014, We Recommend Against Equity Investing


Investment Recommendations:

Sell US equity positions and hold cash, but be prepared to move investment funds back into US markets.  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 was down most of the day Wednesday but managed to close up a tiny 0.03% on volume below Tuesday and lighter than the 30-day moving average.  No patterns are forming that help predict the future direction of US markets, although recent daily data suggests an up-trend.  If the S&P 500 declines about 3 points on Thursday our stop-loss algorithm could trigger and change our automated market forecast to an uncertain trend.

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