Welcome to Momentum Monday.
During the week we hit new highs… but then we had a sell off particularly in the US where the last two trading days weren't that great. I will have more in the US section. And late Friday's events it reminds me why we are investing in submarines for delivery in late 2030s (if at all). And you don’t need to be a futurist to figure that out.
Interesting links
This week on Weekend Watchlist run in conjunction with Shares for Beginners, we cover what we think rates highest amongst the cheaper of the 4 major banks at the moment and that is ANZ. Listen here to the replay
The next edition in the Mastermind series will be Alan Hull of Actvest is on this week. Book your place here
Our “Empower Others” referral program has been updated and it offers the biggest discount we have available anywhere (Even better than the EOFY offer). To Learn read more here if you are interested in sharing this tool with other like minded investors. There is even a basics of investing email education series that either your friend, or yourself can sign up
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)
Momentum Movers *New section*
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 suppose it is always…
