Welcome to Momentum Monday.
And what a happy bunch we all are? Market’s are up. Stocks that were down on their report have bounced higher since their announcements (unless they are a really bad business.) Everything from Battery Metals to Bitcoin is having its moment in the sun and there is little we can do wrong as investors.
Though I am always reminded to never mistake a bull market for brains, and I think if the famous Warren Buffett reference that it's only when the tide pulls out that we see who has been swimming naked. But I am not going to rock the boat on this one, and if anything I will do my best Titanic impersonation and stand at the front of the bow, that is us until such time as I have to bail, and that is not the case currently.
Interesting links
Weekend Watchlist with Shares for Beginners this week is we talk of a Stock where we have to pay to play its Data#3 (ASX:DTL). Listen here to the replay
We held our regular Friday Lunch ‘n Learn session this week. Returning to normal scheduling before the long weekend in many parts of Australia. If you wish to view a recording you can watch it here. Thanks to all of you that came along.
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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…
