Wow, what a great month so far with the local market as measured by the ASX 200 index up a tad over 12 per cent at the time of writing. The ongoing release of good news on the vaccine front continuing along with state government opening borders as well as adding to the stimulus party only to be topped off last night with a rally in US markets after the Trump administration began to help the Biden transition team. The 4 hour chart below tells the recent bullish story.
This chart from the 2009 high puts into a different perspective of just how good this month has been for stocks.
Evolution moved down through our stop level and we sold Tuesday.
With the big four banks leading the market higher Westpac looks to have completed a bottoming pattern.
Eclipx looks set to move above the resistance zone.
Emeco could be nearly finished forming a basing pattern and we bought a small parcel today for the educational portfolio.
Most stocks in the lithium space have been on a tear the last 2 weeks including Pilbara Minerals.
Navigator Global is close to a break above previous resistance.
Downer has just broken up to a six month high and we bought some for the educational portfolio today and we sold out of Carsales.
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 | $311.37 | $318.57 | +$72.00 |
Bought Evolution
| Bought 400 at $3.98 | 24/3/2020 | $5.70 | Sold 24/11 at $5.20 | -$230.00 |
Bought Nickel Mines
| Bought 4,500 at 52.5c | 29/4/2020 | 97 | $1.06 | +$405.00
|
Bought Stavely
| Bought 4,000 at 56c | 11/6/2020 | 88 | 86.5 | -$60.00 |
Bought Ardent Leisure | Bought 3,000 at 40c | 1/7/2020 | 81 | 86 | +$150.00 |
Bought Ardent Leisure | Bought 1,500 at 35c | 6/8/2020 | 81 | 86 | +$75.00 |
Bought Pro Medicus
| Bought 100 at $25.30 | 19/8/2020 | $32.34 | $31.00 | -$134.00 |
Bought Costa Group
| Bought 700 at $3.65 | 2/9/2020 | $4.09 | $3.95 | -$98.00 |
Bought Ooh Media
| Bought 2,500 at $1.13 | 28/9/2020 | $1.67 | $1.76 | +$225.00 |
Bought Whitehaven Coal | Bought 3,000 at $1.05 | 28/9/2020 | $1.27 | $1.40 | +$390.00 |
Bought NDQ ETF
| Bought 150 at $26.50 | 1/10/2020 | $27.18 | $27.12 | -$9.00 |
Bought Resimac
| Bought 2,000 at $1.45 | 2/10/2020 | $1.98 | $1.96 | -$40.00 |
Bought Carsales
| Bought 130 at $22.15 | 8/10/2020 | $20.87 | $20.62 | -$32.50 |
Bought Bapcor
| Bought 400 at $7.61 | 9/10/2020 | $7.13 | $7.17 | +$16.00 |
Bought Goodman Group | Bought 150 at $19.10 | 14/10/2020 | $18.76 | $18.50 | -$39.00 |
Bought Baby Bunting | Bought 700 at $4.40 | 4/11/2020 | $4.44 | $4.30 | -$98.00 |
Bought Webjet
| Bought 800 at $3.90 | 4/11/2020 | $5.15 | $5.51 | +$288.00 |
Bought Hearts and Minds | Bought 700 at $4.50 | 11/11/2020 | $4.50 | $4.59 | +$63.00 |
Bought Santos
| Bought 500 at $5.80 | 11/11/2020 | $5.86 | $6.36 | +$250.00 |
Bought Impedimed
| Bought 25,000 at 11.5c | 18/11/2020 | 11.5c | 13.5 | +$500.00 |
Bought Platinum Asset Management | Bought 800 at $3.47 | 19/11/2020 | $3.47 | $3.65 | +$144.00 |
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Start 2/1/2020 $50,000.00 | Open balance $79,427.25 |
|
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| $79,427.25 |
Stock c/fwd 3/1 $18,427.50 | Gains/losses week +$1,837.50 |
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| +$1,837.50 |
| Current total $81,264.75 |
|
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| $81,264.75 |
Brokerage at $30 per round turn added when sold. | Less buy/ close prices and Margin $66,703.20 |
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| $66,703.20 |
Prices from Tuesday’s close or 6am for US | Cash available $14,561.55 |
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| $14,561.55
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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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