Welcome to Momentum Monday.
Well it was a bit of a nothing week. Not much news and it would appear the Northern Hemisphere is preparing for their coming Summer now that NVIDIA, the last of the magnificent 7, has reported. Otherwise we are still left to our own devices which is fine by me as a Momentum trader.
Interesting links
Weekend Watchlist run in conjunction with Shares for Beginners to a look at a stock that is in the media recently, its ING Ingham Group Listen here to the replay
Next week we will share with you the first speaker in our investor mastermind series. Stay tuned for that.
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
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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
So is there something to talk about? Well, I found it quite funny. For the whole week all we heard about was how NVIDIA would beat earnings estimates and the index would go up. When they reported, sure they beat estimates and the price of the stock went up. But the Market still fell on the…
