The local market has been edging up over the past week. Today’s fall comes after a higher-than-expected inflation reading out of the US which sent their markets tumbling. At lunchtime only three companies out of the top 200 were in positive territory.

The price of gold looks be on the precipice and headed for a big fall if support is broken. Watching.

We bought Allkem for the educational portfolio after it moved above the recent highs.

Computershare is still trading in a big sideways range.

Whitehaven Coal is in a small consolidation pattern for now.

After the rise in US interest rates comes the pain.

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 | $8.80 | $8.46 | -$102.00 |
Bought Computershare | Bought 120 at $20.50 | 5/1/2022 | $24.10 | $24.44 | +$40.80 |
Bought CSL
| Bought 12 at $260.00 | 16/2/2022 | $294.00 | $295.00 | +$12.00 |
Bought Brainchip
| Bought 2,000 at 80c | 16/6/2022 | 90c | $1.00 | +$200.00 |
Bought Clinuvel
| Bought 200 at $16.00 | 27/6/2022 | $19.60 | $23.14 | +$708.00 |
Bought Aristocrat Leisure | Bought 100 at $35.60 | 6/7/2022 | $34.55 | $35.13 | +$58.00 |
Bought Life360
| Bought 500 at $3.50 | 6/7/2022 | $4.86 | $5.66 | +$400.00 |
Bought Whitehaven Coal | Bought 300 at $6.00 | 18/7/2022 | $8.80 | $8.46 | -$102.00 |
Bought Australian Vanadium | Bought 25,000 at 0.05 | 10/8/2022 | 0.04c | .04c | Steady |
Bought Stavely Minerals | Bought 10,000 at 18c | 10/8/2022 | 16c | 15c | -$100.00 |
Bought BBUS etf
| Bought 200 at $9.10 | 25/8/2022 | $10.23 | Sold 9/9 at $9.80 | -$116.00 |
Bought Alkem
| Bought 200 at $14.50 | 8/9/2022 | $14.50 | $15.99 | +$298.00 |
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|
|
|
|
|
Start 2/1/2022 $50,000.00 | Open balance $63,369.45 |
| |
| $63,369.45 |
| Gains/losses week +$1,296.80 |
|
|
| +$1,296.80 |
| Current total $64,666.25 |
|
|
| $64,666.25 |
Brokerage at $30 per round turn added when sold. | Buy/ close prices and Margin $30,814.80 |
|
|
| $30,814.80 |
Prices from Tuesday night or 6am for US positions. | Cash available $31,934.40 |
|
|
| $31,934.40
|
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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