Welcome to Momentum Monday.
It's two consecutive down weeks for the main indices we cover and it would look on the surface there is more to talk about. Issue is the talking points have literally been around for months (if not years). Therefore again, it is a timely reminder that we will move once the chart tells us too, because trying to predict an outcome not just in reality, but then in price moves, is a fools gold in my view.
Finally "Good Luck" if you try to pick a winner on Tuesday. But just remember the more horses running the juicier the odds, but the harder it is to pick a winner. It's just maths.
Interesting links
Shares for Beginners this week looks at a Gold Miner who is also in our NAPS portfolio for 2024 . It's RSG Resolute Minerals Click here to be taken to the link of the recording.
It’s a new month after a negative one in October, so I implore with you all to “Empower Others”. Our offer to your friends, colleagues and family members is better than what they will get on Black Friday. It is simply 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 (both weekly and monthly)
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…
