Welcome to Momentum Monday.
Spring has sprung, and this is going to be a short introduction because let's face it. The market remains up. No amount of crystal balling telling us otherwise seems to work, therefore I am not going to start here. Reporting season in Australia has thrown up its regular volatility. You’ve won some, you’ve lost some. There is no need to get emotional about it. Just make the right decision for yourself and if you are using Momentum, let the charts decide for you what to do next - and don’t forget those pesky ex-dividend dates (a great problem to have).
Interesting links
This week on Weekend Watchlist run in conjunction with Shares for Beginners, we discussed A2M (or ATM) A2 Milk. Listen here to the replay
Don’t forget to “Empower Others”. There is no better time to refer the award winning platform which is Stockopedia than right now. To Learn read more here
For any external commentary we make to the broader market, follow us on Social Media Facebook Linkedin Instagram or X (formerly Twitter) Some of you All ready have so ‘Thank You’ for that.
This week’s content is as follows:
Broader market sentiment
Member corner
Stocks in the “Shine Zone” (including changes)
Momentum Movers (both weekly and monthly - there is more info so please read the introduction)
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 know last week perhaps was not as important or headline grabbing as the previous week, but astute traders would have…
