Welcome to Momentum Monday.

In Australia last week, a systems telecommunications failure which locked down many businesses and consumers, and a cyber hack at a major stevedore company keeping shipping containers locked away, shows us how critical infrastructure needs to flow for our economy to work smoothly.

These events are not expected to have lasting effects, though it reminds how connected our economy has become on infrastructure’s smooth operation. Ultimately the strength of an economy is a key support to our businesses so the latest events highlight risks that will need to be better managed.

Interesting links

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 can take and vice versa.

US / S&P500

Our second positive week in a row shows the US Market continues to bounce off support. And actually finished at 2 month highs.


S&P500 Weekly chart

Much of the week’s gains came on the last trading day of the week. This just one…

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