Welcome to Momentum Monday.
Though markets seem to be heating up - there has really been a dearth of company announcements. Expected to see more half year business / sales updates coming over the next few weeks as Accounting departments get out of their holiday mode. While the results are unknown, what we do know is that there will be plenty volatility (we hope)
Interesting links
Weekend Watchlist with Shares for Beginners this week covered a minnow we discussed a few weeks back in SPZ Smart Parking. Listen here to the replay
Chris is preparing a session for an introductory webinar to be held at 6:30pm on Wednesday for 30 minutes. This is on the back of Elio’s session last week on Thursday morning. Both sessions are for new users. We would be happy if you forwarded the invites/recordings to any interested party
“Empower Others” referral program Learn more here
Follow us on Social Media Facebook Linkedin Instagram or X (formerly Twitter) We recommence more of our media commitments this week, so stay tuned for new content shortly.
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
While markets have been busy, we do get some respite on Monday as markets close for Martin Luther King Day. For the record, the S&P500 closed up for the week, and back at close to all-time high levels.
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