The local market is down today after a couple of tentative pushes higher during two previous days that ended up closing well off the highs. Some might say that a rising interest rate reality may finally be taking hold.
This table shows the lag in time between yield curve inversions and then the following recessions, which on one occasion in 1998 was avoided. The average gain of the S@P 500 index in the 12 months after the inversion since 1976 is 14 per cent.
The locally listed NDQ ETF looks to have run into some resistance for the moment at least. Watching.
Australian house price gains look way out of step with average global prices. Anyone thinking too much of a good thing going on here?
Flight Centre could be building for another breakout.
Dubbo based Maas Group Holdings has been in a sideways range for nearly a year. Some analysts reckon the company’s property holdings may be undervalued.
Whitehaven Coal is still on the cheap side compared to global coal prices say some analysts.
Platinum Asset Management could be building a small base.
Lendlease has only just moved out of the descending wedge pattern.
After a 300 per cent rise over the past year Lake Resources could be overdue for a spell.
Table
Security | Units bought (sold) | Date | Open price/ From last table | Current/close | $ gain/loss |
Bought Whitehaven Coal c/f at $2.76 | Bought 1,000 at $2.70 | 23/12/2021 | $4.26 | $4.16 | -$100.00 |
Bought Brainchip Holdings | Bought 500 at 85c | 5/1/2022 | 93.5 | 99c | +$27.50
|
Bought Computershare | Bought 120 at $20.50 | 5/1/2022 | $24.28 | $25.12 | +$100.80 |
Bought Macquarie Group | Bought 10 at $199.00 | 9/2/2022 | $203.20 | $206.89 | +$36.90 |
Bought Red5
| Bought 5,000 at 29.5c | 9/2/2022 | 37.5c | 39c | +$75.00 |
Bought CSL
| Bought 12 at $260.00 | 16/2/2022 | $266.00 | $267.00 | +$12.00 |
Bought Northern Star | Bought 400 at $10.00 | 22/2/2022 | $10.78 | $10.54 | -$96.00 |
Bought Monadelphous | Bought 300 at $11.00 | 23/2/22 | $11.23 | $11.49 | +$78.00 |
Bought Goodman
| Bought 100 at $22.00 | 2/3/22 | $22.62 | $23.07 | +$45.00 |
Bought Pilbara
| Bought 800 at $2.80 | 2/3/22 | $3.25 | $3.52 | +$216.00 |
Bought Syrah
| Bought 1,000 at $1.40 | 2/3/22 | $1.54 | $1.68 | +$140.00 |
Bought St Barbara
| Bought 2,000 at $1.52 | 8/3/2022 | $1.44 | $1.41 | -$60.00 |
Bought GGUS ETF
| Bought 100 at $30.63 | 16/3/2022 | $35.71 | $35.71 | Steady |
Bought Xero
| Bought 25 at $102.00 | 17/3/2022 | $102.44 | $107.97 | +$138.25 |
Bought Australian Strategic Minerals | Bought 300 at $8.50 | 23/3/2022 | $7.75 | $8.52 | +$231.00 |
Bought Imdex
| Bought 800 at $2.90 | 23/3/2022 | $2.74 | $2.70 | -$32.00 |
Bought Objective Corporation | Bought 150 at $17.20 | 23/3/2022 | $17.68 | $19.08 | +$210.00 |
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|
|
|
|
Start 2/1/2022 $50,000.00 | Open balance $58,173.80 |
| |
| $58,173.80 |
| Gains/losses week +$1,022.45 |
|
|
| +$1,022.45 |
| Current total $59,196.25 |
|
|
| $59,196.25 |
Brokerage at $30 per round turn added when sold. | Buy/ close prices and Margin $46,246.55 |
|
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| $46,246.55 |
Prices from Tuesday night or 6am for US positions. | Cash available $12,517.00 |
|
|
| $12,517.00
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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.
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