The GMI-2 is a collection of my most sensitive indicators. They are suggesting weakness in growth stocks. In spite of this weakness, ZAGG held its green line on Monday and closed at an all-time high.
Dr. Wish
GLB: $ZAGG; $SILC on the verge…
My scans picked up ZAGG which had a GLB on Friday. ZAGG has already tripled from its yearly low, has great earnings, an A+ accumulation rating by IBD, and is in a yellowband up-trend. It must hold the green line, $17.10. See weekly chart….
A reader alerted me to $SILC which is close to a GLB. I always wait for the GLB to occur to see if it happens on above average trading volume. SILC has an A+ rating too but reports earnings this week, always a gamble….
The GMI remains Green, at 6 (of 6).
