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Screen Tip. I scroll thru 100+ charts daily. Looking at weeklys I’ll look for big blue sky scrapers. If I see them I’ll dig deeper. This is accumulation by, what matters, funds. Notice how new leader $ATKR had several big volume up weeks while, AMAZING, fundamentals $ZM con’t
had nothing but distribution for months while EPS con’t to impress. It doesn’t matter. We want to see what funds are buying like they bought ZM last year(see pic). Make sense? It allows me to screen tons of names quickly
Funds don’t day trade. They build positions for months. This is why I own $LEVI. As you see in this weekly tons of buying going on. Sm details like this matter and allow me to find potential big under the radar winners. If the fundamentals and EPS est are big then I get excited.
$TPL con’t . No one probably understands why I bought this weird stock today but it comes from the #1 group. After a massive vol blow off top type move(320%+ vol) it didn’t give back much at all, a 19% base w 3 wks tight in 2nd stage base. oil & Real Estate leading.
This tells me funds didn’t want to sell and it can potentially go much higher. Leading stocks in leading groups outperform. Software was a leading group for most of 2020, Oil and RE are now.
