Welcome to Momentum Monday.
It was another one of those weeks where not much happened sentiment wise other than things are up. Which is a good problems to have. A few rate cuts globally no doubt aided the sentiment and for now we can remain proud as equity investors. All you need to do it hold what is going north-east and don't hold what is going south-east. Pretty simple stuff. But then against trading on sentiment is relatively simple. Being ruthless however, that is up to you.
Interesting links
We look at a stock many of us want to loathe. It's TLS Telstra on this week on Weekend Watchlist run in conjunction with Shares for Beginners. Listen here to the replay
Great to hear a member of our Global Team in Megan Boxhall on Local radio talking about the British election and its impact on their market Listen here
Book your place at the virtual table with our coming Friday Lunch ‘n Learn session. Go here to book your
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
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…
