Welcome to Momentum Monday.
A great end of the week made this week’s contribution a little easier to write, hopefully you enjoy the read.
From this week the “At the Open” wrap will commence that I do with ABC Melbourne. As mentioned last week you can listen to my daily market wraps on Apps, either directly through ABC Melbourne, or alternatively on our various social channels or podcast provider. If you want to listen but don’t have access to social media or prefer no to listen to ABC Melbourne, then follow the podcast channel here
Also note, for those of you coming along to the Australian Investors Association conference to be held at Royal Randwick Racecourse Sydney Sunday 24 to Tuesday 26, there has been a change of schedule. I will no longer be talking on Tuesday. I am now going to be doing the plenary session at the end of Monday. If you are an AIA member or intend to come along as a guest please come along to say “hello”. Both Chris and I will be in attendance. Here are details of the event https://www.investors.asn.au/events/
The week’s edition includes new content (note below):
Broader market sentiment
Member corner
Stocks in the “Shine Zone” (including changes)
*NEW* Buses pulling out of the station (volume + price movers)
52 week high screen (including changes)
We are always open to suggestions on how to make this contribution better, so if you have any, please feel free to write them in the comments below. All comments to date have been noted so thank you.
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…
