The local market is up in morning trade following on from gains in overseas stock markets and is yet to regain the losses from Monday. Is this the end of the coronavirus sell-off or a temporary reprieve?
The price of oil has moved below a possible support level.
Gold futures markets closed well down overnight and below the recent trend channel.
We sold out of Orocobre and as luck would have it is up more than ten percent today.
We were stopped out of Santos when it broke below the uptrend line as oils prices fell.
EML Payments held up well during recent market volatility and we bought a parcel today.
Capitol Health looks to have made a fresh break upwards and we bought a small parcel for the educational portfolio.
Pro Medicus has put in a series of higher lows and we will add some to the educational portfolio today.
City Chic has moved to new highs and we bought some today along with a smaller parcel of Polynovo.
Blackmores could be turning upwards after some sideways action.
Table
Security | Units bought (sold) | Date | Open price/ From last table | Current/close | $ gain/loss |
Buy CSL 3/12/18 at $183 c/f 9/1 at $192.31 c/fwd 3/1 at $280 | Bought 10 at $192.31 9/1/2019 | 9/1/2019 | $312.66 | $313.35 | +$6.90 |
Bought Westgold c/fwd 3/1 at $2.33 | Bought 1,000 at $1.03 7/2/2019 | 7/2/2019 | $2.31 | $2.11 | -$200.00 |
Bought Santos c/fwd 3/1 at $8.29
| Bought 350 at $7.80 16/9/2019 | 16/9/2019 | $8.64 | Stopped 3/2 at $8.30 | -$149.00 |
Buy Wagners c/fwd $2.73 | Bought 1,000 at $1.75 on 16/10/2019 | 16/10/2019 | $2.10 | $2.02
| -$80.00 |
Bought Magellan Financial Group c/fwd 3/1 at $59.00 | Bought 40 at $57.50 18/12/2019 | 18/12/2019 | $63.75 | $66.78 | +$212.20 |
Bought Newcrest Mining c/fwd 3/1 at $30.44 | Bought 100 at $30.20 31/12/2019 | 31/12/2019 | $32.02 | $29.31 | -$271.00 |
Bought Resolute Mining | Bought 2,000 at $1.25 | 8/1/2020 | $1.17 | $1.10 | -$140.00 |
Bought Orocobre
| Bought 500 at $3.10 | 9/1/2020 | $3.25 | Stopped 31/1 at $3.10 | -$105.00
|
Bought Appen
| Bought 100 at $25.00 | 16/1/2020 | $25.53 | $25.26 | -$27.00 |
|
|
|
|
|
|
Start 2/1/2020 $50,000.00 | Open balance $51,634.80 |
|
|
| $51,634.80 |
Stock c/fwd 3/1 $18,427.50 | Gains/losses week -$752.90 |
|
|
| -$752.90 |
| Current total $50,881.90 |
|
|
| $50,881.90 |
Brokerage at $30 per round turn added when sold. | Less buy/ close prices and Margin $18,714.70 |
|
|
| $18,714.70 |
Prices from Tuesday’s close or 6am for US | Cash available $32,167.20 |
|
|
| $32,167.20
|
Disclaimer: The commentary and trading positions taken are for educational purposes only and are not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.
Monitor, measure, manage and maximise…
Cheers Charlie.
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