GOL - Week 42 Breakout Forecast: Short-Term Picks To Give You An Edge
Breakout Forecast Selections for Week 42:
The momentum gauge conditions have declined significantly over the past several weeks since Week 39. These declines have signaled very profitable hedge positions in VelocityShares Daily 2x VIX Short-Term ETN (TVIX) and BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) - see charts below. The positive momentum gauge is now down to 15 from a value of 65 at the end of Week 39 and a value of 27 for the past Week 41.
In Week 34 of last year, the positive momentum