Welcome to Momentum Monday.
Don’t over think this moment in time. They will be right one day? Sure. It will end? Of course. Is it today? Possibly… But what if it is not? Then you’ll never get into stocks going up and that is the biggest tragedy of all. If there is one thing I hope you have learned from this piece (I know I have) sometimes the less you know… the better. Plead ignore. Plead the 5th. Plead whatever it is you need to… but for heavens sake… be in the market.
Interesting links
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This week’s content is as follows:
Broader market sentiment
Member corner
Stocks in the “Shine Zone” (including changes)
Momentum Movers (weekly and a monthly update)
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
Markets in the US were shut on Thursday and Closed early on…
