The local market continues the sideways shuffle.
The price of oil is trading in a tight range at the moment. What will happen this time at the end of the contract month? Late last month led to big declines with the costs of storage pushing prices lower.
Two of our gold stocks Silver Lake and Evolution are close to previous tops with the MACD indicator recording some divergence with lower readings. We sold down a quarter of our position today and banked some profits.
Macquarie Group made a nice move above resistance.
Flexigroup moved out of a nice consolidation pattern and we bought a parcel.
Quite a few stocks are showing similar patterns including Woodside Petroleum and Santos.
OOH! Media has been creeping up and making higher lows.
Ramelius Resources is back to previous highs where it has run into stubborn resistance and failed to move higher a few times. Can it move higher this time?
Former high flyer Phoslock Environmental fell down in a big way and now looks to be recovering and forming a bullish flag type pattern.
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 | $305.70 | $307.61 | +$19.10 |
Bought Magellan Financial Group c/fwd 3/1 at $59.00 | Bought 40 at $57.50 18/12/2019 | 18/12/2019 | $50.53 | $54.03 | +$140.00 |
Bought VTS ETF
| Bought 10 at $195.87 | 24/3/2020 | $221.48 | $226.59 | +$51.10 |
Bought Evolution
| Bought 800 at $3.98 | 24/3/2020 | $5.23 | $5.50 | +$216.00 |
Bought Silverlake
| Bought 2,000 at $1.41 | 24/3/2020 | $1.94 | $2.00 | +$120.00 |
Bought Whitehaven Coal | Bought 1,200 at $2.00 | 31/3/2020 | $1.77 | $1.76 | -$12.00 |
Bought Magellan
| Bought 30 at $50.00 | 14/4/2020 | $50.53 | $54.03 | +$105.00 |
Bought Resolute Mining | Bought 2,500 at 98c | 14/4/2020 | 91.5 | 95 | +$87.50 |
Bought Jumbo Interactive | Bought 300 at $10.20 | 22/4/2020 | $11.89 | $12.84 | +$285.00 |
Bought Nickel Mines
| Bought 6,000 at 52.5c | 29/4/2020 | 55.5c | 57 | +$90.00 |
Bought CSR
| Bought 1,000 at $3.50 | 30/4/2020 | $3.52 | $3.72 | +$20.00 |
Bought GEAR ETF
| Bought 200 at $14.00 | 6/5/2020 | $14.00 | $14.34 | +$68.00 |
Bought Flight Centre
| Bought 150 at $10 | 6/5/2020 | $10.00 | $10.55 | +$82.50 |
Bought Flexigroup
| Bought 3,000 at 95c | 7/5/2020 | 95c | $1.05 | +$300.00 |
|
|
|
|
|
|
Start 2/1/2020 $50,000.00 | Open balance $67,499.65 |
|
|
| $67,499.65 |
Stock c/fwd 3/1 $18,427.50 | Gains/losses week +$1,572.20 |
|
|
| +$1,572.20 |
| Current total $69,071.85 |
|
|
| $69,071.85 |
Brokerage at $30 per round turn added when sold. | Less buy/ close prices and Margin $41,165.40 |
|
|
| $41,165.40 |
Prices from Tuesday’s close or 6am for US | Cash available $27,906.45 |
|
|
| $27,906.45
|
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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