Last week the local market jumped up on the back of a strong rise in US markets after the Bank of America posted some decent results. The next day on half the volume the US market gave most of it back in a volatile two days. Since then the market has been creeping up.
The ASX 200 index has formed a nice bullish divergence pattern and we bought 6 ASX 200 cfd’s late on Tuesday.
Pinnacle Investment Management looks to have held at one of the main retracement levels with a small bullish divergence pattern and we bought some for the educational portfolio.
We bought some Life360 for the educational portfolio after price moved out of the sideways congestion.
JPMorgan analyst Jason Steed’s take on Whitehaven Coal back in June 2021 turned out to be spot on. Hope he bought a few thousand.
Whitehaven Coal has just hit the 100 per cent of the range target. How far can it go? Steep rises in price run out of puff eventually.
Lotteries mob Jumbo Interactive has a small divergence pattern. Watching.
Australian Ethical Investment is still in a down trend with a potential double bottom pattern yet to be confirmed.
Aussie Broadband has just nudged above the down-trending wedge pattern and we bought some for the educational portfolio today.
IPH looks to be consolidating at these higher prices.
Telstra is still in a sideways funk.
Treasury Wine looks to be consolidating the move to higher prices.
We added some L1 long-short managed fund to the portfolio today.
We added Domino’s Pizza to the educational portfolio today as price has just moved above the down trend line.
Will markets in the US get a wriggle on after this year’s mid-term elections?
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 | $10.37 | $10.41 | +$12.00 |
Bought Computershare | Bought 120 at $20.50 | 5/1/2022 | $25.38 | $25.17 | -$32.40 |
Bought CSL
| Bought 12 at $260.00 | 16/2/2022 | $282.00 | $275.00 | -$84.00 |
Bought Brainchip
| Bought 2,000 at 80c | 16/6/2022 | 84c | 92c | +$160.00 |
Bought Aristocrat Leisure | Bought 100 at $35.60 | 6/7/2022 | $34.35 | $34.90 | +$55.00 |
Bought Whitehaven Coal | Bought 300 at $6.00 | 18/7/2022 | $10.37 | $10.41 | +$12.00 |
Bought Australian Vanadium | Bought 25,000 at 0.05 | 10/8/2022 | 0.03c | .03 | Steady |
Bought Stavely Minerals | Bought 10,000 at 18c | 10/8/2022 | 15c | 15 | Steady |
Buy GEAR ETF
| Bought 200 at $20.20 | 4/10/2022 | $20.65 | $21.74 | +$218.00 |
Buy Red 5
| Bought 10,000 at 17c | 4/10/2022 | 16.5 | 15 | -$150.00 |
Buy IDP Education
| Bought 100 at $28.50 | 5/10/2022 | $27.95 | $28.69 | +$75.00 |
Buy State Gas
| Bought 5,000 at 42c | 10/10/2022 | 37c | 33c | -$200.00 |
Buy Pinnacle Invest. Management | Bought 400 @ $8.76 | 14/10/2022 | $8.76 | $8.58 | -$72.00 |
Buy Life360
| Bought 500 at $6.00 | 18/10/2022 | $6.00 | $6.20 | +$100.00 |
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Start 2/1/2022 $50,000.00 | Open balance $66,750.95 |
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| $66,750.95 |
| Gains/losses week +$93.60 |
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| +$93.60 |
| Current total $66,844.55 |
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| $66,844.55 |
Brokerage at $30 per round turn added when sold. | Buy/ close prices and Margin $38,637.40 |
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| $38,637.40 |
Prices from Wednesday night or 6am for US positions. | Cash available $27,733.40 |
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| $27,733.40
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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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