Welcome to Momentum Monday.
Well it looks like the market keeps going up. Though our individual stocks will tread their own path. Always keep an eye on those charts in order to make any decision. That is what is important. Market sentiment helps my framing. It doesn’t make decisions for me.
Interesting links
Shares for Beginners this week looks at a stock that has just reported. It is XRO Xero Listen here
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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
It was another strong week a for the S&P500 following this week's 1.7% gain.
S&P500 Weekly chart
It was interesting to…
