Welcome to Momentum Monday.
Spring is in the air. Finals footy is on in all codes and the markets are up! Does it get any better than this? Breath the fresh air everyone because at the moment…. Life is good! Assuming you haven’t tried to over complicate a dance step and fallen flat on your face of course.
Interesting links
We held our latest edition of the “Mastermind Investing Series” with Fund Manager Ron Shamgar. You can watch the replay here.
We also in the same week ran our ‘Friday Lunch ‘n Learn’ session for members. You can watch the replay here.
Don’t forget to “Empower Others”. There is no better time to refer the award winning platform which is Stockopedia than right now. To Learn read more here
For any external commentary we make to the broader market, follow us on Social Media Facebook Linkedin Instagram or X (formerly Twitter) Some of you All ready have so ‘Thank You’ for that.
This week’s content is as follows:
Broader market sentiment
Member corner
Stocks in the “Shine Zone” (including changes)
Momentum Movers (weekly only)
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
I opened this Momentum Monday with us approaching Spring. Well in the Northern Hemisphere they are now rapidly approaching Winter which is traditionally when stuff gets done (and is something to note). But in the now, that recent market sell off on lasted one week as the S&P500 rose 4% this week and came close the closing at an all-time…
