Welcome to Momentum Monday.
Important note: I assume you have all read the recent newsletter that we sent you, and therefore I wish to confirm that this is the final Momentum Monday that I will be writing. While I sincerely hope that you all have found it personally enriching… (as I did), most importantly, I hope you have taken away lessons that will last a lifetime.
My journey articles will still be there for anyone interested in learning more of why I did, what I did and how I did it. So be sure to bookmark it to read if ever you are unsure. On behalf of myself, I want to thank you all that read this section religiously. I am looking forward to going through our charts one more time.
Don’t forget the final Lunch ‘n Learn session to be held on Friday. Be sure to book your place at the virtual table. Click here.
This week’s content is as follows:
Broader market sentiment
Member corner
Stocks in the “Shine Zone” (including changes)
Momentum Movers (weekly 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
It seems fitting that for this last message, the broader S&P500 hit another all time weekly high!
S&P500 Weekly chart
I mean it’s hard to believe that with the looming threat of inflationary pressures, we are seeing the rally in the world’s largest market as we have. If anyone tells you that you shouldn’t be aggressive now, then they were probably the…
