The local market is moving towards a Fibonacci resistance zone and a seasonally weaker part of the year.
The price of gold has turned down after hitting a support/resistance zone around $1800.
On a longer-term chart the price has rebounded off the $1700 level a few times.
Aristocrat Leisure is making higher lows and is yet to push through the March highs.
Life360 has been inching up and looks set to clear the March high.
Australian Finance Group has popped nicely out of a bullish flag pattern.
Redbubble looks to be forming a nice rounding bottom type pattern.
The long-term slide in the purchasing power of the once mighty US dollar. In December 1977 1 ounce of gold was worth US$158.00 now around US$1,700.
Table
Security | Units bought (sold) | Date | Open price/ From last table | Current/close | $ gain/loss |
Bought Whitehaven Coal c/f at $2.76 | Bought 300 at $2.70 | 23/12/2021 | $6.06 | $6.61 | +$165.00 |
Bought Computershare | Bought 120 at $20.50 | 5/1/2022 | $25.44 | $23.69 | -$210.00 |
Bought CSL
| Bought 12 at $260.00 | 16/2/2022 | $296.00 | $296.00 | Steady |
Bought Brainchip
| Bought 2,000 at 80c | 16/6/2022 | $1.17c | $1.05 | -$240.00 |
Bought GGUS ETF
| Bought 100 at $24.00 | 27/6/2022 | $25.66 | $27.67 | +$201.00 |
Bought Clinuvel
| Bought 200 at $16.00 | 27/6/2022 | $19.98 | $20.05 | +$14.00 |
Bought Aristocrat Leisure | Bought 100 at $35.60 | 6/7/2022 | $34.53 | $36.32 | +$179.00 |
Bought Domino’s Pizza | Bought 40 at $72.00 | 6/7/2022 | $71.61 | $72.04 | +$17.20 |
Bought Life360
| Bought 800 at $3.50 | 6/7/2022 | $5.11 | $5.80 | +$552.00 |
Bought Nasdaq ETF
| Bought 100 at $27.00 | 7/7/2022 | $29.23 | $30.03 | +$80.00 |
Bought Pinnacle Investment mgmt. | Bought 300 at $8.20 | 13/7/2022 | $10.98 | $11.09 | +$33.00 |
Bought Whitehaven Coal | Bought 300 at $6.00 | 18/7/2022 | $6.06 | $6.61 | +$165.00 |
Bought Brainchip
| Bought 2,000 at $1.08 | 20/7/2022 | $1.17 | Sold $1.09 | -$190.00 |
Bought Australian Vanadium | Bought 25,000 at 0.05 | 10/8/2022 | 0.05c | .053c | +$75.00 |
Bought Stavely Minerals | Bought 10,000 at 18c | 10/8/2022 | 18c | 17c | -$100.00 |
|
|
|
|
|
|
Start 2/1/2022 $50,000.00 | Open balance $63,312.65 |
| |
| $62,312.65 |
| Gains/losses week +$741.20 |
|
|
| +$741.20 |
| Current total $63,053.85 |
|
|
| $63,053.85 |
Brokerage at $30 per round turn added when sold. | Buy/ close prices and Margin $38,227.80 |
|
|
| $39,846.40 |
Prices from Tuesday night or 6am for US positions. | Cash available $21,590.20 |
|
|
| $21,590.20
|
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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