Business
  • Charlie's Charts

Charlie’s Charts 20th January 2021

The local market has moved above obvious resistance and we bought six ASX 200 cfd’s and put our stop in place if things do not go the way we planned. Apparently, the move from election day to now has been the second biggest gain in history and with Janet Yellen looking to add further stimulus to the US economy it could push markets higher. Time will tell. The price of gold is looking close to breaking down through current support levels. The educational portfolio’s two gold stocks are moving towards the stop loss points, watching. Navigator Global has broken through […]

Jan 20, 2021

  • Charlie's Charts

Charlie’s Charts 13th January 2021

The local market is trading in a sideways pattern with a break either way possible it could set up some interesting trade possibilities. The price of gold looks to be maintaining the current uptrend for now as it keeps bouncing off the trend line. This shopping centre REIT has been consolidating at this level for a while and if it were to break to the upside it could have some trade possibilities. With a lot of good news coming out of the retail sector Harvey Norman may be set for a decent run after moving above the resistance zone. South32 […]

Jan 13, 2021

  • Charlie's Charts

Charlie’s Charts 7th January 2021

The local market is trading in a sideways range and any breakout could have some interesting trade possibilities. Volatile markets continue in the US as the Democrats look to win control of the Senate. The Nasdaq ETF chart below shows a bounce off support and a build-up to a possible breakthrough of the resistance zone. The Australian dollar continues to strengthen and we will buy some of the AUDS ETF today. Afterpay looks to be stalled at current prices and may have formed a small potential double top pattern and could be in for a downturn. Lithium miners like Galaxy […]

Jan 7, 2021

  • Charlie's Charts

Charlie’s Charts 23rd December 2020

The local market took a tumble yesterday and fell more than one per cent for the second time in three days. Over the holiday period lower interest and volumes can lead to interesting price moves. We will lighten the portfolio and sell a few stocks today as we prepare for a fresh start to a new portfolio in 2021. A monthly chart. Looking at some of the seasonal themes for this time of year we will hold on to both the gold stocks and the NDQ ETF. The fund manager Hearts and Minds will remain for the coming year along […]

Dec 23, 2020

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