Week 50 Breakout Forecast: Short-Term Picks To Give You An Edge

2018 YTD Chart: +38.68%

The benchmark S&P 500 index continues into negative territory for 2018 with over 5% declines this past week.

The Momentum Gauges

The Momentum Gauge signals continue to maintain higher levels of negative momentum than positive momentum since week 39 (last week of September). This has been a highly reliable predictor of breakout momentum effectiveness as you can see on the charts that I will further integrate into selection timing for 2019.

The positive momentum gauge declined further to 9 this week from a value of 16 last week.

​

Read More https://marketwirenews.com/news-releases/week-50-breakout-forecast-short-term-picks-to-give-you-an-edge-4050398.html

Submitted December 09, 2018 at 03:35PM by otcninja https://ift.tt/2B7SFHs