Stock Market Technical Indicators & Analysis
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.
QQQ closes above all averages in daily Guppy chart. GMI could turn Green on Thursday.
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.