The local market is in a sideways move for now.
With stocks moving lower we were stopped out of some stocks in the educational portfolio including Pilbara and Australian Strategic Minerals.
We sold the GGUS ETF after it fell below the trailing stop and are open to buying in again.
Michael Gable from Fairmont Equities is one analyst who reckons the S@P 500 could be forming a head and shoulders low pattern. Time will tell.
Other analysts including Mary McNamara have the view that this is a bullish flag continuation pattern forming in the longer-term scheme of things.
This chart shows how different futures markets see the coming rises in interest rates.
Telstra is holding at current levels.
Select Harvest could be forming a cyclical low here.
Imdex is only just holding the uptrend line.
Resolute moved above a line of resistance today and we bought some for the educational portfolio.
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 | $4.16 | $4.40 | +$240.00 |
Bought Brainchip Holdings | Bought 500 at 85c | 5/1/2022 | 99 | 86c | -$65.00
|
Bought Computershare | Bought 120 at $20.50 | 5/1/2022 | $25.12 | $25.21 | +$10.80 |
Bought Macquarie Group | Bought 10 at $199.00 | 9/2/2022 | $206.89 | $203.13 | -$37.60 |
Bought Red5
| Bought 5,000 at 29.5c | 9/2/2022 | 39c | 41c | +$100.00 |
Bought CSL
| Bought 12 at $260.00 | 16/2/2022 | $267.00 | $261.00 | -$72.00 |
Bought Northern Star | Bought 400 at $10.00 | 22/2/2022 | $10.54 | $10.82 | +$112.00 |
Bought Monadelphous | Bought 300 at $11.00 | 23/2/22 | $11.49 | $11.12 | -$111.00 |
Bought Goodman
| Bought 100 at $22.00 | 2/3/22 | $23.07 | $22.88 | -$19.00 |
Bought Pilbara
| Bought 800 at $2.80 | 2/3/22 | $3.52 | Sold 12/4 $3.00 | -$446.00 |
Bought Syrah
| Bought 1,000 at $1.40 | 2/3/22 | $1.68 | $1.53 | -$150.00 |
Bought St Barbara
| Bought 2,000 at $1.52 | 8/3/2022 | $1.41 | $1.46 | +$100.00 |
Bought GGUS ETF
| Bought 100 at $30.63 | 16/3/2022 | $35.71 | Sold $34.87 | -$114.00 |
Bought Xero
| Bought 25 at $102.00 | 17/3/2022 | $107.97 | $101.17 | -$170.00 |
Bought Australian Strategic Minerals | Bought 300 at $8.50 | 23/3/2022 | $8.52 | Sold 12/4 at $7.30 | -$396.00 |
Bought Imdex
| Bought 800 at $2.90 | 23/3/2022 | $2.70 | $2.68 | -$16.00 |
Bought Objective Corporation | Bought 150 at $17.20 | 23/3/2022 | $19.08 | $18.51 | -$85.50 |
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|
|
|
|
|
Start 2/1/2022 $50,000.00 | Open balance $59,196.25 |
| |
| $59,196.25 |
| Gains/losses week -$1,119.30 |
|
|
| -$1,119.30 |
| Current total $58,076.95 |
|
|
| $58,076.95 |
Brokerage at $30 per round turn added when sold. | Buy/ close prices and Margin $37,117.00 |
|
|
| $37,117.00 |
Prices from Tuesday night or 6am for US positions. | Cash available $20,504.00 |
|
|
| $20,504.00
|
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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