Welcome to Momentum Monday. And a big “hello” to many new members who joined us over the week. This is our Momentum Monday report where we discuss most things momentum (however we include broader market and company commentary as well). Be sure to read the descriptors at the start of each section to understand what each is trying to cover. We are also open to feedback, so if you have a suggestion we'll be happy to hear it.
Up until now, reporting season has just been on a warm up lap. It gets busier from now on. So if you haven’t already, be sure to look at our reporting season calendar here. If you are aware of a date we are missing, please let us know.
For those that missed it, here is a copy of our Friday Lunch ‘n Learn session
And a reminder, we have compiled the entire strategy map series into a consolidated ebook. You can access it here. In the webinar, I also spoke of a way to help you get started with this detailed document.
And another reminder that you are the most important element of our business. Therefore should you feel there is someone who would benefit from our insights we would love for them to reach out. Learn more on our “Empowering Others” initiative here.
Finally.... Go Matildas!!!!
The content for this week's edition is as always:
Broader market sentiment
Member corner
Stocks in the “Shine Zone” (including changes)
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
It is quite…
