The local market made a move to new highs after spending some time in a sideways pattern and we bought 5 ASX200 cfd’s near the close on Monday. The first target level is just over 5,800. Markets around the world are becoming more positive as economies slowly re-open. The thing is it could be some time before economic activity is at pre-Covid levels and Charlie reckons the markets may be a bit optimistic. Still we will keep trading the prevailing trend and keep an eye out for any storms that may be coming.
Our more speculative play in Flight Centre has paid off and we added to the original position at the close on Monday.
Gold sold off overnight and a short-term top may be in place.
The chart of Evolution is showing lower prices today. If the price retreats to the possible support zone near the previous highs and holds that could provide some interesting trade possibilities for Evolution and a few other gold stocks. Other possible support zones are at the long-term channel lines.
BWP Trust has moved up from a consolidation pattern.
Accent Group is on the verge of moving higher it seems.
Electro Optic Systems looks to have moved out of a consolidation pattern and we bought some today.
Southern Cross Media has moved up a lot in the past two days.
Interesting to see the big four banks rise strongly yesterday and today as sentiment shifts.
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 | $303.01 | $307.63 | +$46.20 |
Bought Magellan Financial Group c/fwd 3/1 at $59.00 | Bought 40 at $57.50 18/12/2019 | 18/12/2019 | $55.60 | $56.54 | +$37.60 |
Bought VTS ETF
| Bought 10 at $195.87 | 24/3/2020 | $227.64 | $230.95 | +$33.10 |
Bought Evolution
| Bought 600 at $3.98 | 24/3/2020 | $6.08 | $6.13 | +$30.00 |
Bought Silverlake
| Bought 1,500 at $1.41 | 24/3/2020 | $2.15 | $2.30 | +$225.00 |
Bought Whitehaven Coal | Bought 1,200 at $2.00 | 31/3/2020 | $1.75 | $1.84 | +$108.00 |
Bought Magellan
| Bought 30 at $50.00 | 14/4/2020 | $55.60 | $56.54 | +$28.20 |
Bought Resolute Mining | Bought 2,500 at 98c | 14/4/2020 | $1.13 | $1.13 | Steady |
Bought Jumbo Interactive | Bought 300 at $10.20 | 22/4/2020 | $11.93 | $12.21 | +$84.00 |
Bought Nickel Mines
| Bought 6,000 at 52.5c | 29/4/2020 | 56c | 52.5 | -$210.00 |
Bought CSR
| Bought 1,000 at $3.50 | 30/4/2020 | $3.71 | $3.76 | +$50.00 |
Bought GEAR ETF
| Bought 200 at $14.00 | 6/5/2020 | $15.31 | $16.66 | +$270.00 |
Bought Flight Centre
| Bought 150 at $10 | 6/5/2020 | $10.58 | $14.25 | +$550.50 |
Bought Flexigroup
| Bought 3,000 at 95c | 7/5/2020 | 96.5 | $1.14 | +$525.00 |
Bought Aristocrat Leisure | Bought 100 at $26.80 | 19/5/2020 | $26.80 | $26.64 | -$16.00 |
Bought Ooh! Media
| Bought 2,800 at $1.14 | 19/5/2020 | $1.14 | $1.12 | -$56.00 |
Bought 5 ASX 200 cfd’s | Bought 5 at 5,615 | 25/5/2020 | 5,615 | 5,780 | +$825.00 |
Bought Flight Centre
| Bought 100 at $12.65 | 25/5/2020 | $12.65 | $14.25 | +$160.00 |
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|
Start 2/1/2020 $50,000.00 | Open balance $69,687.75 |
|
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| $69,687.75 |
Stock c/fwd 3/1 $18,427.50 | Gains/losses week +$2,690.60 |
|
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| +$2,690.60 |
| Current total $72,378.35 |
|
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| $72,378.35 |
Brokerage at $30 per round turn added when sold. | Less buy/ close prices and Margin $53,554.50 |
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| $53,554.50 |
Prices from Tuesday’s close or 6am for US | Cash available $18,823.85 |
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| $18,823.85
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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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