For Monday March 17, 2014, We Recommend Against Equity Investing

Hold_Recommendation

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 declined 0.28% on Friday with volume below Thursday and below the 30-day moving average, resulting in a light-volume down day in a week that had 2 strong-volume down-days.  No patterns have formed that provide any prediction regarding the future trend of US markets.  Our forecast remains uncertain from the triggering of our stop-loss algorithm on Thursday.  If the S&P 500 goes up about 20 points on Monday (+1.1%) our stop-loss algorithm would likely reverse and our automated market forecast would return to a growth trend.

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