Stocks Hold to Buy Near Term - The forecast for the major market indexes near term is consolidation to possibly down a little more before moving higher. Farther out, the forecast for the Dow Jones Industrial's is to see a new high before possibly a larger more severe correction sets in. The SP500 has been holding its strength so far, and the Nasdaq could see more selling currently after its recent higher move the last two months.
Bonds Hold to Buy Near-Term - No change near-term. The 10 and 30 Year T-Bond price forecast is higher near-term after the extreme sell-off after the election, and the yield heading lower. Long-term the 10 and 30 Year T-Bond price forecast is down, but no clear low-risk-high-reward sell signal is seen yet.
US Dollar Index Hold to Sell Near-Term - The US dollar index forecast is down near-term with 100.26 as major support or resistance the market is trying to find right now. The near-term downside forecast is 99.12 to 99.70. This area could provide support for another move higher but no clear forecast is seen yet for a new buy long position on the USD index yet.
Gold Silver Hold to Buy Near-Term / Possible Long-Term Buy - Near-term the forecast for Gold is slightly higher before a potential larger pullback correction occurs. Major price support areas are 1195.73, and 1160 to 1184 which could provide low-risk-high-reward price areas to enter new buy long positions on gold. December 15th, 2016 1122.98 gold price remains as long-term price support for now. If this price support breaks down, the forecast would turn bearish.
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