Welcome to Momentum Monday.
So it was a tough week. Last month saw a tough start to the month too. Does a volatile market mean that we are at the end of the Bull Market?... Maybe. Am I going to try to predict it? No.
I will just wait for the charts to tell me whether I need to do anything or not. Remember… those investors that avoided much of the GFC did so not because of a special formula … rather it was because there wasn’t a single indicator known to man that didn’t say ‘sell’. Sure the exact points may have been different, the broad narrative was still the same. And as a Momentum investor during that time it was risk-off. So if your charts weren’t 100% you suffered a big drawdown. Even if you were tempted by that mini-rally that happened in April-May of 2008, respecting the chart still saved you a lot of pain, meaning you could live to fight another day and thank heavens if you could.
Interesting links
This week on Weekend Watchlist run in conjunction with Shares for Beginners, we discussed PME Pro Medicus. Listen here to the replay. It will take a break for a month but past recordings remain available.
You can now book your place at both the next of the Mastermind Investing Series with Ron Shamgar (he has outperformed the market strongly as a Fund Manager.. so you don’t want to miss this no matter how good you think you are!) Register here
Our next Friday ‘Lunch n learn’ session can also be booked now.Register your spot on the virtual table here
Don’t forget to “Empower Others”. There is no better time to refer the award winning platform which is Stockopedia than just after a reporting season. 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 already 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
52 week high screen (including changes)
A reminder that you don’t have to read all this contribution.…
