GMI flashes Green Signal; GLB: $ZS $FIVN

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With the GMI now above 3 for 2 consecutive days, the signal is now Green and I will look for GLB (green line break-out, see glossary) stocks to purchase. I will be more confident, however, when the final GMI component turns positive. The GMI is now 5 (of 6). TC2000 alerted me to 2 GLB stocks yesterday, ZS and FIVN. Here are their weekly charts.

 

 

Mark Minervini coming to Virginia IBD Meetup on February 26

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The accomplished trader and educator, Mark Minervini, is speaking at the IBD Meetup group event on February 26, 2019 @ 6:30PM/ET in Crystal City DoubleTree Hotel by Hilton there.  It is an open event but   seating is limited.  People can  RSVP at meetminervini@gmail.com

I attended Mark’s annual workshop and found it to be the best way to quickly learn the technical  approach to trading. His first  book (listed on my blog) is required reading for my honors course.  Mark has an amazing trading track record and is a passionate teacher. It will be well worth your time to meet Mark and welcome him to our area. Mark has also been a strong supporter of my undergraduate students, having presented a guest lecture, in-person,  last year.

GLB stock $KL rising with gold; the GMI could turn Green with a few more new highs

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One of the few GLB stocks which I wrote about in December , KL, is successful and continues to climb.

The GMI remains at 3 (of 6) and on a Red signal. 72 new highs on Friday is the most since 107 was reached on December 5th. If we can get back to 100 new highs,  the GMI could turn Green. Note that the IBD Mutual Fund Index (0MUTI) is now back above its 50 day average.