After a bounce from the lows the local market continues to gain some traction as US markets rally and news comes out that China may ease some Covid restrictions.

The US Nasdaq 100 index put in a spike type low last week which briefly touched the 50 per cent retracement of the range from the 2020 lows and could be seen as a positive sign. It could be a relief rally or the start of something bigger, only time will tell.

The price of gold is coming under pressure.

We added some of the GGUS ETF to try and take advantage of any decent rally in US markets.

We added another parcel of Whitehaven to the educational portfolio for what could possibly be a short term trade after it broke through the $5 barrier.

This chart shows how far the [email protected] 500 index could fall and still be in a long term uptrend.

This shows a dramatic drop in the value of Atlassian and the wealth of Mike Cannon-Brookes who is making a play for AGL.

We bought some Magellan after the news that a former Future Fund executive was appointed chief.

Rare earths producer Lynas had a nice bounce off the support zone and we added some to the educational portfolio.

A possible ABC pattern forming on the Clinuvel chart shows some interesting possibilities. Watching.

Polynovo also has an interesting chart pattern forming.

Table

Security

Units bought (sold)

Date

Open price/

From last table

Current/close

$ gain/loss

Bought Whitehaven Coal c/f at $2.76

Bought 700 at $2.70

23/12/2021

$4.99

$5.20

+$147.00

Bought Brainchip Holdings

Bought 500 at 85c

5/1/2022

$1.02

$1.14

+$60.00

 

Bought Computershare

Bought 120 at $20.50

5/1/2022

$23.97

$24.29

+$8.40

Bought Red5

 

Bought 3,000 at 29.5c

9/2/2022

34

35c

+$30.00

Bought CSL

 

Bought 12 at $260.00

16/2/2022

$270.00

$274.00

+$48.00

Bought Syrah

 

Bought 1,000 at $1.40

2/3/22

$1.60

$1.76

+$160.00

Bought St Barbara

 

Bought 2,000 at $1.52

8/3/2022

$1.16

$1.15

-$20.00

Bought Resolute

 

Bought 8,000 at 36c

13/4/2022

31c

29c

-$160.00

Bought Judo

 

Bought 1,000 at $1.70

20/4/2022

$1.58

$1.80

+$220.00

Bought Flight Centre

 

Bought 100 at $21.80

20/4/2022

$20.28

$20.24

-$4.00

Bought NDQ ETF

 

Bought 50 at $29.00

27/4/2022

$28.30

$28.11

-$9.50

Bought Endeavour

 

Bought 250 at $7.76

27/4/2022

$7.69

$7.89

+$50.00

Bought Stavely

 

Bought 6000 at 40c

27/4/2022

34c

36c

+$120.00

Bought Kelsian

 

Bought 300 at $7.90

4/5/2022

$7.92

$7.70

-$66.00

Bought Brainchip

 

Bought 2,000 at $1.00

5/5/2022

$1.02

$1.14

+$240.00

Bought BBUS ETF

 

Bought 150 at $9.70

5/5/2022

$11.27

$11.22

-$7.50

 

Bought GGUS

 

Bought 100 at $25.20

13/5/2022

$25.20

$26.40

+$120.00

Bought Magellan

 

Bought 150 at $15.60

13/5/2022

$15.60

$14.56

-$156.00

Bought Whitehaven

 

Bought 400 at $5.10

17/5/2022

$5.10

$5.20

+$40.00

Bought Lynas

 

Bought 300 at $9.20

17/5/2022

$9.20

$9.42

+$66.00

 

 

 

 

 

 

 

Start 2/1/2022

$50,000.00

Open balance

$56,165.58

 

​​ 

 

$56,165.58

 

 

Gains/losses week

+$876.40

 

 

 

 

+$876.40

 

Current total

$57,041.98 ​​ 

 

 

 

$57,041.98

Brokerage at

$30 per round turn added when sold.

Buy/ close prices and Margin

$45,164.30

 

 

 

$45,164.30

Prices ​​ from Tuesday night or 6am for US positions.

Cash available

$21,408.00

 

 

 

$21,048.00

 

 

 

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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