The local market is trading in a sideways pattern with a break either way possible it could set up some interesting trade possibilities.
The price of gold looks to be maintaining the current uptrend for now as it keeps bouncing off the trend line.
This shopping centre REIT has been consolidating at this level for a while and if it were to break to the upside it could have some trade possibilities.
With a lot of good news coming out of the retail sector Harvey Norman may be set for a decent run after moving above the resistance zone.
South32 looks to be forming a possible bullish flag type pattern.
Whitehaven Coal could be consolidating before another move.
The Downer chart looks interesting.
Platinum Asset Management looks to have formed a nice ABC type pattern and we bought a parcel today.
Afterpay has had a great run up and is seen by many to be overpriced.
In a recent story on Livewire by Jeremy Grantham called “Waiting for the last dance” Grantham says in part that the long bull market from 2009 has matured into a fully-fledged epic bubble along with hysteric and speculative investor behaviour which will burst in due course and will be recorded in time as one of the great bubbles of financial history. What goes up comes down eventually as cycles turn, buyers be aware.
Table
Security | Units bought (sold) | Date | Open price/ From last table | Current/close | $ gain/loss |
Buy CSL c/fwd 29/12/2020 at $288.30 | Bought 10 at $183.00 3/12/2018 | 3/12/2018 | $288.30 | $273.07 | -$152.30 |
Bought Nickel Mines c/fwd 29/12/2020 at $1.14 | Bought 2,500 at 52.5c | 29/4/2020 | $1.14 | $1.22 | +$200.00 |
Bought Whitehaven Coal c/fwd 29/12/2020 at $1.67 | Bought 2,000 at $1.05 | 28/9/2020 | $1.67 | $1.60 | -$140.00 |
Bought NDQ ETF c/f $28.07 | Bought 100 at $26.50 | 1/10/2020 | $28.07 | $28.80 | +$73.00 |
Bought Resimac c/f $2.04 | Bought 1,500 at $1.45 | 2/10/2020 | $2.04 | $2.18 | +$210.00 |
Bought Webjet c/f $5.32 | Bought 600 at $3.90 | 4/11/2020 | $5.32 | $4.78 | -$324.00 |
Bought Hearts and Minds c/f $4.36 | Bought 600 at $4.50 | 11/11/2020 | $4.36 | $4.45 | +$54.00 |
Bought Perseus c/f $1.26 | Bought 2,200 at $1.20 | 2/12/2020 | $1.26 | $1.18 | -$176.00 |
Bought Resolute c/f 78.5c | Bought 2,000 at 79c | 2/12/2020 | 78.5c | 79 | +$10.00 |
Bought Baby Bunting c/f $4.85 | Bought 500 at $4.60 | 17/12/2020 | $4.85 | $4.96 | +$55.00 |
Bought AUDS ETF
| Bought 250 at $11.75 | 7/1/2021 | $11.75 | $11.39 | -$90.00 |
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|
|
|
|
|
Start 2/1/2020 $50,000.00 | Open balance $50,000 |
|
|
| $50,000.00 |
| Gains/losses week -$280.30 |
|
|
| -$280.30 |
| Current total $49,719.70 |
|
|
| $49,719.70 |
Brokerage at $30 per round turn added when sold. | Less buy/ close prices and Margin $30,172.20 |
|
|
| $30,172.20 |
Prices from Tuesday night or 6am for US positions. | Cash available $19,547.50 |
|
|
| $19,547.50
|
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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