The local market is taking a breather after three big days down to rest just above the mid-year lows.
On a weekly chart the local market is testing two longer term support lines.
After a few volatile days we closed out the remaining short gold position at the close before the weekend.
We were stopped out of Clinuvel and Life360.
Brainchip is yet to break below the support zone.
This chart of Pinnacle shows the rally stalled at the 38.2 Fibonacci retracement level.
A chart of the Newcastle coal price.
A very informative chart showing how inflation eats away at savings purchasing power. Since 1980 the average inflation rate was 3.9 per cent with the initial $100,000 now having the purchasing value of $19,200. Owning a house saw gains of between 6 and 9 per cent per year over the same period.
This graph shows one correlation between the housing and equity market in Australia.
One analyst take on how best to hop on the next long-term uptrend.
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 | $8.63 | $8.45 | -$54.00 |
Bought Computershare | Bought 120 at $20.50 | 5/1/2022 | $25.06 | $24.79 | -$32.40 |
Bought CSL
| Bought 12 at $260.00 | 16/2/2022 | $283.00 | $284.00 | +$12.00 |
Bought Brainchip
| Bought 2,000 at 80c | 16/6/2022 | 88c | 88c | Steady |
Bought Clinuvel
| Bought 200 at $16.00 | 27/6/2022 | $19.14 | Sold 26/9 at $17.50 | -$358.00 |
Bought Aristocrat Leisure | Bought 100 at $35.60 | 6/7/2022 | $35.02 | $33.40 | -$192.00 |
Bought Life360
| Bought 500 at $3.50 | 6/7/2022 | $5.63 | Sold 26.9 at $4.90 | -$395.00 |
Bought Whitehaven Coal | Bought 300 at $6.00 | 18/7/2022 | $8.63 | $8.45 | +$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 | 17c | 15c | -$200.00 |
Bought Alkem
| Bought 200 at $14.50 | 8/9/2022 | $15.96 | $14.34 | -$6.00 |
Sold 1 Dec mini gold
| Sold 1 at $US1,695.00 @67.3c | 15/9/2022 | $1,675.00 | Buy 1 at US$1,655.00 | +$1,455.00 |
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|
|
|
|
|
Start 2/1/2022 $50,000.00 | Open balance $65,971.65 |
| |
| $65,971.65 |
| Gains/losses week +$208.60 |
|
|
| +$208.60 |
| Current total $66,180.25 |
|
|
| $66,180.25 |
Brokerage at $30 per round turn added when sold. | Buy/ close prices and Margin $22,722.80 |
|
|
| $22,722.80 |
Prices from Tuesday night or 6am for US positions. | Cash available $40,969.40 |
|
|
| $40,969.40
|
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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