The local market had a big day yesterday after spending weeks in a tight range and moved up 2.5 per cent, the biggest daily gain in over a month. Having waited patiently for the breakout we jumped into the move buying both the Gear ETF and some ASX 200 cfd’s. We sold half of the cfd position at the close of the day to lock in some profit and reduce risk, and with the market down to 6,100 points before lunch we sold the other half for a small profit.

The price of gold made a solid move up last night.

The Gear ETF could have some resistance near the June high and we were looking to sell half the position as we crept closer to the top of the range. With the market not moving upwards again today we sold half our position just before lunch and have our stop in place for the rest. The proceeds of the cfd and Gear sales will be reflected in next weeks table. No doubt nearly 500 new cases of Covid-19 in Victoria today is a cause of concern for the market.

Northern Star has been working towards a possible break for some time. We bought a parcel for the Educational portfolio and have our stop in place.

Infomedia also moved out of congestion and we bought a parcel yesterday.

The announcement that the Federal Government will continue support packages into 2021 along with vocal approval from the Reserve Bank for increasing government debt during this time saw the local share market take off yesterday. While Charlie still has some reservations over share valuations as they say “You can’t fight the Fed”.  All that money will flow through the economy in various ways.

A few companies made strong moves up including Superloop.

Oz Minerals with a fresh move above resistance on the monthly chart could be in for a strong run.

The Australian dollar is at it’s highest level in over a year and rebounded quickly form the Covid-19 lows. Something to consider for commodity producers and will be a help for some retailers. With such big Covid-19 problems in the US who knows how far it might go.



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 Evolution


Bought 600 at $3.98



Sold 200 at $6.04

400 left at $6.38



Bought Silverlake


Bought 1,500 at $1.41





Bought Resolute Mining

Bought 2,500 at 98c





Bought Nickel Mines


Bought 6,000 at 52.5c





Bought Flexigroup


Bought 1,500 at 95c



​​ $1.28


Bought Aristocrat Leisure

Bought 100 at $26.80





Bought Stavely


Bought 4,000 at 56c





Bought Ardent Leisure

Bought 3,000 at 40c





Bought Flight Centre


Bought 150 at $11.50





Bought St Barbara


Bought 800 at $3.50





Bought Resmed


Bought 100 at $28.00





Bought 10 ASX 200 cfd’s

Bought 10 at 6,040



Sold 5 at 6,140

5 left at 6,155




Bought Gear ETF


Bought 200 at $18.27





Bought Infomedia


Bought 1,500 at $1.85





Bought Northern Star​​ 

Bought 150 at $15.70












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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