After putting in a few strong days last week the market has continued to oscillate from day to day as it grinds higher and heads towards the first line of resistance.

A longer-term weekly chart shows the brief spike lower below the February 2016 low. Can the index move up to the previous trend line before another move down?

The GEAR ETF has been moving by more than the index in percentage terms and has offered some good trading during the past week. After forming an Island type reversal pattern and small ABC pattern price is consolidating.

Whitehaven Coal has bounced nicely from a long-term support zone on the monthly chart.

Whitehaven formed a small ABC pattern after a bounce from longer term support and we bought a parcel for the educational portfolio yesterday.

Cloud storage mob NextDC has made a new yearly high after briefly falling back to support.

We made some nice profits last week though not as good as some contestants gains over three weeks in the ASX Share game as seen in the snapshot below.

A graph showing a residential housing cycle that may see house prices decline over the next 12 to 18 months.

Funeral mob Invocare has once again found support around ten dollars. A stock of this nature out of favour in this Covid19 uncertainty seems to be odd. We bought a small parcel today.

Protective glove maker Ansell is up strongly after initially falling around 40 per cent.



Units bought (sold)


Open price/

From last table


$ 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






Bought Magellan Financial Group

c/fwd 3/1 at $59.00

Bought 40 at $57.50








Bought 1000 at $10.85



Sold 200 25/3 at $12.30

Sold 200 26/3 at $13.00

Sold 200 31/3 at $13.10

400 left at $12.72








Bought VTS ETF


Bought 10 at $195.87





Bought Evolution


Bought 800 at $3.98





Bought Silverlake


Bought 2,000 at $1.41





Bought GEAR


Bought 400



Sold 31/3 at $14.00


Bought ASX 200 cfd’s


Bought 5



Sold 31/3 at 5,230


Bought Whitehaven Coal

Bought 1,200 at $2.00












Start 2/1/2020


Open balance






Stock c/fwd 3/1


Gains/losses week








Current total






Brokerage at

$30 per round turn added when sold.

Less buy/ close prices and Margin






Prices ​​ from​​ 

Tuesday’s close or 6am for US

Cash available









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 software for most of the charts used in the column.

Monitor, measure, manage and maximise… Cheers Charlie.

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