Welcome to Momentum Monday.
I had a sick feeling in the stomach leading into the weekend (and it had nothing to do with my football team Carlton, or the Olympics.)
We start a new month of August with trepidation - which is totally normal for an Australian and New Zealand investor. Just to reiterate… when the market goes down we are obviously worried. When the market goes up we worry because it will likely fall. When the market is going sideways we worry because if it is going to go anywhere it will likely go down.
So I have spent a working career trying to convince investors not to worry about the things they can’t control. And hence why the charts appealed to me. Can’t fight City Hall in my view. So why try to?
Interesting links
This week on Weekend Watchlist run in conjunction with Shares for Beginners, we cover a business that often leaves many scratching their head. It is WHC Whitehaven Coal. Listen here to the replay
We are taking bookings for the next Friday “Lunch ‘n :Learn” Session. Book your place at the virtual table here.
We also have the next instalment of our Investing Mastermind series. Its with Tony Kynaston and he will talk about Identifying Quality at Value and how he goes about investing. If you want to register click here.
As a reminder, we were once again ranked as the Gold Standard by the Investing Newsletter Group. Go to https://www.tinglive.com.au/ to learn more. Given that we are consistently up there, what better time to “Empower Others” than now. Sorry, but it is a no brainer. 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)
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…
