Welcome to Momentum Monday.
Sentiment continues to be strong globally with market keen on equities in a way that sees at record highs (or close to) in a number of areas. It's great because we don't have to do much to make money at minute. Ok say enjoy the good times while they are here.
Interesting links
Weekend Watchlist run in conjunction with Shares for Beginners to a look at AX1 Accent Group Listen here to the replay
There was a YouTuber, Brent Coleman who showcased Stockopedia in a recent video.Have a watch of it here . Do note the video was focused on identifying income stocks.
Our “Empower Others” referral program will be undertaking a change. For now we maintain the current system, be sure to Learn more here if you are interested in current plan
For any external commentary we make to the broader market, follow us on Social Media Facebook Linkedin Instagram or X (formerly Twitter)
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
It's up. The US market is up! What else can I say? sentiment is strong. The S&P500 closed the week off at an all time record high
S&P500 Weekly chart
The S&P rose another solid 1.5%, which was its fourth weekly gain and clinched the longest…
