Welcome to Momentum Monday.
What can we say that already hasn’t been said?... Look at this week’s edition to find out. But try not to over-think the obvious. "Think less, make more money."
Interesting links
Shares for Beginners is back and therefore look to our link in the program for our latest edition. This week it was Chris Batchelor talking about RDX Redox. Click here to be taken to the link of the recording.
Don’t forget to “Empower Others”. There is no better time to refer the award winning platform which is Stockopedia than right now at our best ever rate. If you think there is someone who will benefit from this offer, please reach out and we will send you the link.
For any external commentary we make to the broader market, follow us on Social Media Facebook Linkedin Instagram or X (formerly Twitter) Some of you already have so ‘Thank You’ for that.
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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 only)
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
Another week… and another record. All for the S&P500 and Dow Jones. Not quite the NASDAQ Composite, but it isn’t too far away.
