Welcome to Momentum Monday.

Last week we held our Friday Lunch ‘ Learn webinar which covered in depth the Reporting season. If you haven’t watched the webinar as of yet here is a link to the recording

Within the webinar, we talked Factor moves and individual stocks. It was action packed so be sure to watch it as I hope it will add to your knowledge bank.

A copy of the ASX Factor report is also available here

Further, for those of you who listen to my daily market wraps on Apps, either directly through ABC Melbourne, or alternatively on our various social channels or podcast provider, note that from next week, the “end of day wrap” will become a “at the opening bell” wrap due to a change with the ABC radio line-up. If you want to listen, but don’t have access to social media or prefer no to listen to ABC Melbourne, then follow the podcast channel here.  It should be free to access.

The content for this week's edition is as always:

  • Broader market sentiment

  • Member corner

  • Stocks in the “Shine Zone” (including changes)

  • 52 week high screen (including changes)

We are always open to suggestions on how to make this contribution better, so if you have any, please feel free to write them in the comments below. All comments to date have been noted so thank you.

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

Despite Friday’s green day, it wasn’t enough for the S&P500 to have a small pullback. Down 1.3% on the week.


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