The local market has moved up nicely over the past month and has stalled after getting close to the previous high. Another rate rise passed on by the banks is taking away some festive cheer with the index falling through the short-term trendline. We sold short four ASX 200 cfd’s after the open and sold half the GEAR ETF.
The US S@P 500 has again turned back at the downtrend line. Perhaps a correction is coming if the upward trendline and recent low is broken.
The price of gold has found the $1800 price level both a support and resistance zone. Will any decline move back to $1700.
IDP Education fell out of the consolidation pattern and our stop so we sold.
Dicker Data moved down a little last week closer to the breakout and we bought some for the educational portfolio.
Nickel Industries may have stalled for now.
Technology One is trading at fresh highs.
Commonwealth Bank is looking a little toppish trading at the higher end of this large sideways pattern and having turned down at these levels previously.
QBE Insurance looks to be holding fresh highs despite massive flooding around the country.
Speculators are loving the idea behind Talga of a vertically integrated graphite anode manufacturer and miner.
A2 Milk looks to be edging higher after forming a rounding type bottom.
Fletcher Building looks to be posturing for a breakout.
Volatile stock Mesoblast has again moved above resistance at the $1 level.
Table
Security | Units bought (sold) | Date | Open price/ From last table | Current/close | $ gain/loss |
Bought Computershare | Bought 120 at $20.50 | 5/1/2022 | $27.66 | $26.81 | -$102.00 |
Bought CSL
| Bought 12 at $260.00 | 16/2/2022 | $302.00 | $300.00 | -$24.00 |
Bought Aristocrat Leisure | Bought 100 at $35.60 | 6/7/2022 | $35.50 | $35.06 | -$44.00 |
Bought Stavely Minerals | Bought 10,000 at 18c | 10/8/2022 | 18.5c | 21c | +$250.00 |
Buy GEAR ETF
| Bought 200 at $20.20 | 4/10/2022 | $25.64 | $25.96 | +$64.00 |
Buy Red 5
| Bought 10,000 at 17c | 4/10/2022 | 17 | 19.5 | +$250.00 |
Buy IDP Education
| Bought 100 at $28.50 | 5/10/2022 | $29.45 | Sold 6/12 at $27.65 | -$210.00 |
Buy State Gas
| Bought 5,000 at 42c | 10/10/2022 | 28c | 28c | Steady |
Buy Pinnacle Invest. Management | Bought 200 @ $8.76 | 14/10/2022 | $8.94 | $8.99 | +$10.00 |
Buy Life360
| Bought 500 at $6.00 | 18/10/2022 | $6.05 | $6.24 | +$95.00 |
Buy Aussie Broadband | Bought 1,000 at $2.25 | 19/10/2022 | $2.64 | $2.67 | +$30.00 |
Buy L1 Long-Short fund | Bought 1,000 at $2.47 | 19/10/2000 | $2.63 | $2.60 | -$30.00 |
Buy Syrah
| Bought 1,000 at $2.35 | 28/10/2022 | $2.36 | $2.49 | +$130.00 |
Buy Pinnacle invest Management | Bought 300 at $8.40 | 4/11/2022 | $8.94 | $8.99 | +$15.00 |
Buy Evolution Mining
| Bought 1,000 at $2.30 | 9/11/2022 | $2.67 | $2.82 | +$150.00 |
Bought Supply Network | Bought 200 at $11.60 | 23/11/2022 | $12.97 | $12.70 | -$54.00 |
Buy Dicker Data
| Bought 200 at $10.90 | 30/11.2022 | $10.90 | $10.79 | -$22.00 |
Buy ASX 200 cfd’s
| Bought 4 at 7,255 | 30/11/2022 | 7,255 | Sold 4 2/12 at 7,295 | +$130.00 |
|
|
|
|
|
|
Start 2/1/2022 $50,000.00 | Open balance $68,771.55 |
| |
| $68,771.55 |
| Gains/losses week +$638.00 |
|
|
| +$638.00 |
| Current total $69,409.55 |
|
|
| $69,409.55 |
Brokerage at $30 per round turn added when sold. | Buy/ close prices and Margin $44,634.20 |
|
|
| $44,634.20 |
Prices from Wednesday night or 6am for US positions. | Cash available $20,230.80 |
|
|
| $20,230.80
|
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.
Monitor, measure, manage and maximise… Cheers Charlie.
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