Thursday Market Commentary - February 16, 2017

Stocks Hold to Buy Near-Term - The major market indexes are continuing higher with positive sentiment at 90% bullish reading. It's highest level in three years. The forecast near-term is higher but with a possible small decline first, then with a another push to new highs which could then possibly have a much larger selloff after that.  

US Dollar Index Buy Near-Term - Bullish case remains the same. The USD index did selloff a little yesterday but is still forecasted higher to 102.95 to 103.82 or higher near-term. 99.775 now now the near-term support with 98.992 as longer-term support.  

Gold Silver Buy Near-Term - Bullish case remains the same. 1205 is now current support near-term. The upside forecast for gold is 1300 near-term and 1375.53 and possibly higher further out. $1122.98 still stands as major support for the bullish case to hold with gold.