The local market looks to be making a series of lower highs and lower lows and 6,600 points could be the next level of support.
The price of gold did move below the support zone we were looking at last week. We sold short 2 mini gold contracts and bought back one to lock in some profit before the weekend. With the US Federal Reserve set to announce their latest interest rate setting later this week traders are bracing for a hefty rise in rates.
A longer-term view of the price of gold from the 2015 low. Will the 50 per cent retracement of the range be the low for this move down?
Life360 has again hit the resistance zone.
Lynas is again trading at the bottom of the range.
Syrah is yet to break through the resistance zone.
US transportation stock Fedex took a belting on weaker numbers out last week.
The top picks from some Macquarie analysts for next year.
US equities look overpriced compared to bonds.
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 | $8.46 | $8.63 | +$51.00 |
Bought Computershare | Bought 120 at $20.50 | 5/1/2022 | $24.44 | $25.06 | +$74.40 |
Bought CSL
| Bought 12 at $260.00 | 16/2/2022 | $295.00 | $283.00 | -$144.00 |
Bought Brainchip
| Bought 2,000 at 80c | 16/6/2022 | $1.00 | 88c | -$240.00 |
Bought Clinuvel
| Bought 200 at $16.00 | 27/6/2022 | $23.14 | $19.14 | -$800.00 |
Bought Aristocrat Leisure | Bought 100 at $35.60 | 6/7/2022 | $35.13 | $35.02 | -$11.00 |
Bought Life360
| Bought 500 at $3.50 | 6/7/2022 | $5.66 | $5.63 | -$15.00 |
Bought Whitehaven Coal | Bought 300 at $6.00 | 18/7/2022 | $8.46 | $8.63 | +$51.00 |
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 | 15c | 17c | +$200.00 |
Bought Alkem
| Bought 200 at $14.50 | 8/9/2022 | $15.99 | $15.96 | -$6.00 |
Sold 2 Dec mini gold
| Sold 2 at $US1,695.00 @67.3c | 15/9/2022 | $1,695.00 | Buy 1 at $US1,685.00 1 left at $1,675.00 | +$690.00 +$1,455.00 |
|
|
|
|
|
|
Start 2/1/2022 $50,000.00 | Open balance $64,666.25 |
| |
| $64,666.25 |
| Gains/losses week +$1,305.40 |
|
|
| +$1,305.40 |
| Current total $65,971.65 |
|
|
| $65,971.65 |
Brokerage at $30 per round turn added when sold. | Buy/ close prices and Margin $35,786.20 |
|
|
| $35,786.20 |
Prices from Tuesday night or 6am for US positions. | Cash available $26,624.40 |
|
|
| $26,624.40
|
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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