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Slightly bullish on US stocks in the form of the Dow Jones Industrial Average,S&P 500 and NASDAQ. I’m anticipating mostly sideways action and for the bulls to give bears little room. I wouldn’t count out the Dow Jones hitting $19,000. I’m anticipating the English FTSE 100 might perform next week. I anticipate the Japanese Nikkei 225 bulls will have trouble staying in control. I think AAPL (Apple Inc.) and MCD (McDonalds Corporations) are tremendous buys if bulls take control Monday morning. CMG (Chipotle Mexican Grill, Inc) might outperform the market as well. The US Dollar appears poised to take more ground while I anticipate theGreat British Pound will pullback reenergising the bulls for the week after. I think the Japanese Yen, Euro and Swiss Franc will spend next week collecting themselves by accumulating so I’m slightly bullish on all 3 with my mind open to a rebound forming. The Australian Dollar looks poised to rebound next week. Gold surprisingly took a dive on the Trump victory, I guess that goes hand in hand with conservatives taking back control. Platinum is back near support which I think is a good bet but it might take 2-4 weeks for the dust to settle so my stance is wait. Crude Oil took another hit low while Natural Gas held steady. It looks like bulls will need yet another week to collect in order to take back control. Milk and Orange Juice look like good bets to short next week, I think with theUS Dollar rallying with the Dow Jones Industrial Average at highs commodities might be cold next week. 30 year US Treasury Bond yields rose very sharply last week approaching 3%. I don’t doubt that this momentum will continue on to next week, my stance on government bond yields are bullish with a long-term outlook. Here’s to freehand.
