Welcome to Momentum Monday.
It certainly felt choppier than it was last week, and is a prime example of why I now try to ignore the goings on of the market and follow the directions of the lines.While noise might get louder, for now there is little change to sentiment. This doesn't bother me. Of course it would if I was 100% in cash, but I am not. I have an allocation to cash in the case of a rainy day. But despite the noise - it ain't today.
Interesting links
Weekend Watchlist with Shares for Beginners this week is a Stock Not like when it listed. It is S32 South32 Limited. Listen here to the replay
I recently wrote an article for the AFR noting the arrival of AI that we have noticed 20 years too late and stocks that will likely benefit. You can read it here. Given the tyranny of timing one company has had a capital raining and another i being taken over. But it doesn;t change the narrative.
Our “Empower Others” referral program will e 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…
