Welcome to Momentum Monday.
First up, “HAPPY NEW YEAR” and Seasons Greetings to you all. May the coming year be healthy and prosperous for you all. Speaking of which, we should all go on holiday more often as it is far more beneficial to our portfolios. More in a moment.
We resume Momentum Monday for a new year in 2024! Please refer to the Member Corner section for more detail on how you can make a request for a stock to be analysed. As this is our second year, and with this contribution, here’s hoping for strongly trending markets.
Interesting links
Weekend Watchlist with Shares for Beginners covers the NAPS portfolio of 2024. Listen here to the replay
The new NAPS portfolio is constructed and covered for Aus & NZ. Be sure to read about this education tool here
Here is the review of the 2023 version. Be sure to read it here
Our founder Ed Croft has prepared the UK version of the NAPS portfolio. In order to build on your education be sure to read it here
“Empower Others” referral program Learn more here
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This week’s content is as follows:
Broader market sentiment
Member corner
Stocks in the “Shine Zone” (including changes)
Buses pulling out of the station (volume + price movers)
52 week high screen (including changes)
A reminder that you don’t have to read all this contribution. Simply scroll to the area of interest.
Broader Market Sentiment
We look at the direction of both the US and ASX markets to gain an understanding of the broader sentiment at the minute. It is important to stress here that I DO NOT use this to time my entry or exit out of stocks. I prefer to use the individual charts of stocks to do that. However I find it useful in helping us determine how aggressive/cautious traders should be in their trading. In short the more positive the broader market is the more risks you can take and vice versa.
US / S&P500
Ding ding ding! The S&P500 finished the year at all time highs at 4769.8
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