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?

narrabri-pharmacy-leaderboard2

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.

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

$285.35

$296.68

+$113.30

Bought Magellan Financial Group

c/fwd 3/1 at $59.00

Bought 40 at $57.50

18/12/2019

18/12/2019

$34.31

$43.52

+$368.40

Bought GEAR ETF

 

Bought 1000 at $10.85

24/3/2020

$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

 

+$260.00

 

+$400.00

 

+$420.00

+$401.85

Bought VTS ETF

 

Bought 10 at $195.87

24/3/2020

$195.87

$210.38

+$145.10

Bought Evolution

 

Bought 800 at $3.98

24/3/2020

$3.98

$3.82

-$128.00

Bought Silverlake

 

Bought 2,000 at $1.41

24/3/2020

$1.41

$1.38

-$60.00

Bought GEAR

 

Bought 400

30/3/2020

$12.50

Sold 31/3 at $14.00

+$570.00

Bought ASX 200 cfd’s

 

Bought 5

30/3/2020

4,980

Sold 31/3 at 5,230

+$1,230.00

Bought Whitehaven Coal

Bought 1,200 at $2.00

31/3/2020

$2.00

$1.92

+$96.00

 

 

 

 

 

 

 

Start 2/1/2020

$50,000.00

Open balance

$55,392.00

 

 

 

$55,392.00

Stock c/fwd 3/1

$18,427.50

Gains/losses week

+$3,816.65

 

 

 

 

+$3,816.65

 

Current total

$59,208.65

 

 

 

$59,208.65

Brokerage at

$30 per round turn added when sold.

Less buy/ close prices and Margin

$20,922.30

 

 

 

$20,922.30

Prices ​​ from​​ 

Tuesday’s close or 6am for US

Cash available

$38,286.35

 

 

 

$38,286.35

 

 

 

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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