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 [email protected] 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​​ 

 

 

 

 

 

 

 

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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