From the desk of Louis Sykes @haumicharts
Welcome to this week’s edition of Louis’ Look, where I write a brief note for the blog to document the lessons I’m learning every week. You can read the previous post here. Today, I’ll fill you in on some of the neat stuff we’re building over here and my realization that passion is the engine of creativity and uniqueness.
One part of the All Star Charts process that’s taken me back is the magnitude of scans they run. If you think of any scan that a technical analyst would be running, I will bet you a penny it’s on their radar.
Though I’m only touching on the surface of the universes we scan, I’ve found incredible value from this exercise. It forces us to pay greater attention to the areas that are working and allows us to pick up on new, emerging themes, such as the unnoticed relentless strength in Materials and Transportation stocks.
Such is the case with Shockwave Medical, a stock we picked up on our new sentiment scan that recently got promoted from the Small to Mid-Cap space, thus joining what we call the “2-to-100 Club.”
Click on chart to enlarge view.