Welcome to Momentum Monday.
On behalf of Chris and I, we wish to pass on our thanks for the sentiments shared at Friday’s Lunch ‘n Learn session.(recording accessed under interesting links) Both those internal and expressed. We look forward to more smooth sailing ahead.
Everything was mixed which is typical of a market at the top. As a final reminder reporting season here (in Australian and NZ as well as in the US), so remember for those who utilise Quality metrics, if you want to know whether your companies’ latest financials have arrived, look at the data table. If you see “TTM” and that the financial year ends June, then you know the latest half year figures are being counted.
Interesting links
Weekend Watchlist with Shares for Beginners this week covered a stock that has many eyeballs on it and is the topic of much discussion, it is AGL AGL Limited. Listen here to the replay
We have recently completed our Friday Lunch ‘n Learn webinar. Watch here we have alo answered all questions, if not in the recording, afterwards
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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 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
After 5 consecutive positive weeks for the S&P500, this week…
