Breakout Forecast Selections for Week 35:
Market conditions have generated a strong increase in positive breakout momentum and a decline negative momentum this week. The positive momentum gauge has moved out of the red from 19 up to a value of 51 at the end of the week. The yellow positive momentum conditions signal increasingly positive momentum conditions - momentum is getting stronger.
In Week 34 of last year, the positive momentum gauge set its all-time highest score of 120 since the momentum gauge has been put to use. The all-time low for the positive