Daily Markets Outlook: Stocks Hold To Buy

The forecast for the major market indexes is for still higher prices. Near-term consolidation to a slight correction pullback is possible. For now, the forecast remains bullish.

Stocks Hold to Buy - The forecast for the major market indexes is for still higher prices. Near-term consolidation to a slight correction pullback is possible. For now, the forecast remains bullish. 

Bonds Buy Short-Term Sell Long-Term - The 30 year T-Bond is still consolidating in the 149 area currently after it's big sell-off after the election. The forecast is for a bounce higher in the near-term to possibly 155 area which would then be another low-risk-high-reward price area to sell short again.

US Dollar Index No Trade Recommendation Yet - The US Dollar Index has been extremely strong lately. Current major support is at 102.59. For the US dollar to continue higher it must hold this major support price. If this support price fails, look for a further decline in the USD index price. 

Gold Silver Buy Short Term - Past forecast remains the same. Gold continues to grind lower with psychology sentiment indicators showing extreme pessimism and a very possible reversal to the upside could happen anytime. Buying gold or silver now with an appropriate stop-loss of no more than 8% of your entry price point would be a low-risk-high-reward trade. The longer-term forecast for gold and silver is still uncertain.

Disclosure:

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