The local market continues to trade within the sideways range and is near the low point of the sideways channel. Time for another move up or will it finally move out of congestion? We bought 4 ASX 200 cfd’s to take advantage of any rise this morning, kinda like a bet each way while still holding the BBOZ bearish ETF.
A longer-term view of the Australian market shows price above the longer-term trend line.
Jumbo Interactive looks to be slowly moving up and is yet to clear the resistance zone.
Costa Group has been drifting lower and looks to be consolidating before the next move up.
A couple of gold stocks including Perseus and Silverlake look to be consolidating just below a resistance zone before another possible leg up. The FMOC update in the US later this week could inject some life into the currency and gold markets.
Bellevue Gold is marking time.
Flight Centre has been trading in a tight range.
Whitehaven Coal has been moving up from the low until today’s slump and a few directors have been adding to their holdings recently. Can it form an ABC type pattern off the current low?
Can Mesoblast hold current support ahead of some expected announcements over the next few months? It can be a volatile stock and not one for the faint hearted.
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 | $288.17 | $287.24 | -$9.30 |
Bought Magellan Financial Group c/fwd 3/1 at $59.00 | Bought 40 at $57.50 18/12/2019 | 18/12/2019 | $59.45 | $57.95 | -$60.00 |
Bought Evolution
| Bought 400 at $3.98 | 24/3/2020 | $5.61 | $6.13 | +$208.00 |
Bought Silverlake
| Bought 1,500 at $1.41 | 24/3/2020 | $2.26 | $2.50 | +$360.00 |
Bought Nickel Mines
| Bought 6,000 at 52.5c | 29/4/2020 | 70 | 70 | Steady |
Bought Aristocrat Leisure | Bought 100 at $26.80 | 19/5/2020 | $29.34 | $28.29 | -$105.00 |
Bought Stavely
| Bought 4,000 at 56c | 11/6/2020 | 52.5 | 54.5 | +$80.00 |
Bought Ardent Leisure | Bought 3,000 at 40c | 1/7/2020 | 44 | 45.5c | +$45.00 |
Bought Flight Centre
| Bought 150 at $11.50 | 1/7/2020 | $13.50 | $13.06 | -$66.00 |
Bought Galaxy
| Bought 2,500 at $1.16 | 5/8/2020 | $1.36 | $1.38 | +$50.00 |
Bought Ardent Leisure | Bought 1,500 at 35c | 6/8/2020 | 44c | 45.5c | +$22.50 |
Bought Pro Medicus
| Bought 100 at $25.30 | 19/8/2020 | $25.90 | $26.02 | +$12.00 |
Bought Aust Dollar ETF AUDS | Bought 500 at $10.49 | 31/8/2020 | $10.24 | $10.31 | +$35.00 |
Bought Costa Group
| Bought 700 at $3.65 | 2/9/2020 | $3.55 | $3.41 | -$98.00 |
Bought BBOZ Strong Bear ETF | Bought 500 at $8.40 | 7/9/2020 | $8.18 | $8.55 | +$185.00 |
|
|
|
|
|
|
Start 2/1/2020 $50,000.00 | Open balance $70,919.45 |
|
|
| $70,919.45 |
Stock c/fwd 3/1 $18,427.50 | Gains/losses week +$654.20 |
|
|
| +$654.20 |
| Current total $71,573.65 |
|
|
| $71,573.65 |
Brokerage at $30 per round turn added when sold. | Less buy/ close prices and Margin $41,311.90 |
|
|
| $42,311.90 |
Prices from Tuesday’s close or 6am for US | Cash available $29,261.75 |
|
|
| $29,261.75
|
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.
To order photos from this page click here