Welcome to Momentum Monday.
Are we in a moment where the fabled Sanat Rally is in play? We certainly hope so. Though it's about 50% whether it is positive or negative so I am not going to count my chickens before they hatch (sorry… wrong analogy).
Interesting links
Episode 3 of the Multibagger Masterclass covering “Screening for multi baggers using Stockopedia” is now available for members only to View here Scroll to the bottom of the page under “Accessing Masterclasses” to access it.
Last week's Friday Lunch ‘n Learn session had to be cancelled. We will look to reschedule shortly. We will let you know via email when.
“Empower Others” referral program Learn more here
Follow us on Social Media Facebook Linkedin Instagram or X (formerly Twitter)
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
This a shortened version of the market sentiment this week as I recover from that latest setback.
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
“Yea Haw” as we continue our run to our 4766 target.
S&P500 Weekly chart
We are already at 52 week highs for the market and it looks inevitable we will test previous all-time highs again.
For now short term support has risen to 4117. However with both RSI and MACD looking positive we have…
